Honeywell honored Stephen Wowelko, immediate past president of the Onondaga County Federation of Sportsmen’s Clubs and member and past chairman of the New York State Department of Environmental Conservation Region 7 Fish and Wildlife Management board, with the Honeywell Hometown Heroes Award.
“It gives us great pleasure to recognize a man who has an outstanding commitment to habitat and conservation,” said Tom Buckmaster, president of Honeywell Hometown Solutions. “For decades Steve has been working with the community in hands-on conservation activities, helping to raise awareness of the importance of protecting our natural resources. Thousands of community members now attend Honeywell Sportsmen’s Days at Carpenter’s Brook, the annual celebration of National Hunting and Fishing Day, because of his leadership.”
The Honeywell Hometown Heroes Award is given to individuals who improve the lives of others and make their hometowns better places to live and work through long-term dedication, compassion and the desire to do the right work, right now.
Read more about Honeywell’s Hometown Heroes.
Tags:Honeywell Hometown Solutions
Posted on Wednesday, April 23, 2014
Honeywell reported its first quarter 2014 earnings today, announcing organic sales up 3%, excluding Defense & Space, and earnings per share (EPS) up 6% year-over-year. The company raised its 2014 proforma EPS guidance to $5.40 to $5.55 from $5.35 to $5.55.
“Honeywell had a good start to the year with strong margin expansion driving better than expected earnings,” said Honeywell Chairman and CEO Dave Cote. “We saw 3% organic sales growth ex-Defense & Space, with strong execution across each of the businesses driving earnings above the high-end of our guidance. We remain cautiously optimistic on the macro environment, even with some nice momentum exiting the quarter in our short-cycle and long-cycle businesses driving organic sales growth acceleration as we progress through the year. As a result of the first quarter performance and overall favorable outlook for our key end markets, we’re raising the low-end of our 2014 Proforma EPS outlook by $0.05 and our new guidance range is $5.40-$5.55. We are also increasing our cash flow forecast for the year given the strong first quarter working capital performance. We remain confident in our outlook and intend to perform better than our peers driven by our diversity of opportunity, relentless seed planting in new products and technologies, continued penetration of High Growth Regions (HGRs), and growing traction on key process initiatives. We’ve also proactively redeployed non-operating gains and operational earnings to fund smart new repositioning projects benefiting 2015 and beyond. Our recently announced organizational changes demonstrate the strength of our organization, add further evidence to the effectiveness of the Honeywell operating model, and reaffirm our belief that the best is yet to come for Honeywell.”
Read the full press release.
Tags:Dave Cote, Earnings, financials
Posted on Thursday, April 17, 2014
Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, inducted Honeywell Chairman and CEO Dave Cote into its organization at a ceremony on Friday, April 4 in Washington D.C.
During his acceptance speech, Cote gave advice to the audience, which included more than 50 scholarship recipients.
“To all of our scholars, in addition to congratulations, I’d offer two pieces of advice,” Cote explained. “The first, concerns my less than stellar college career when after my junior year I quit college for the second time to buy a fishing boat in Maine with a friend. While fun, it was financially unrewarding and I’ve been asked many times what my biggest learning was. That learning was that hard work does not always pay off. If you’re working on the wrong thing, it really doesn’t matter how hard you work. Make sure you’re working at all times on the right thing.”
“The second is to recognize success generally requires more than just being smart. Smart people get beaten every day by others who work harder, have a better attitude or values, are more ambitious, have more common sense, can focus better on what’s important or have better interpersonal skills. Pull that whole package together to the best of your ability and you also will learn that there’s no better country in the world to realize your dreams.”
To learn more about the Horatio Alger Association, click here.
Tags:awards, Dave Cote
Posted on Tuesday, April 15, 2014
Honeywell introduced Professor Claude Cohen-Tannoudji, Nobel laureate in physics, to the students and faculty of Vellore Institute of Technology (VIT), India, as part of its global Honeywell Initiative for Science & Engineering.
Cohen-Tannoudji was awarded the 1997 Nobel Prize in physics for the development of methods to cool and trap atoms with laser light to near Absolute Zero, which has given rise to a number of recent developments in this field. He spoke to the audience about the importance of remaining curious and explained how his discovery has impacted the world.
“One interesting development concerns ultra-precise atomic clocks using cold atoms, with errors less than one second in one billion years,” said Cohen-Tannoudji. “These atomic clocks allow one to perform more refined tests to improve international time distribution services, to control the wave frequency of television broadcasts, and to be more precise in global navigation satellite systems such as GPS.”
Click here to learn more about the event.
Posted on Tuesday, April 15, 2014
Mistral Midstream Inc., a privately-held company that builds, owns and operates energy infrastructure, has selected Honeywell’s UOP Russell modular equipment to recover valuable natural gas liquids from natural gas produced in southern Saskatchewan, Canada.
The UOP Russell modular cryogenic equipment (or equipment that operates at very low temperatures) will process 60 million standard cubic feet per day of natural gas and is expected to be in production in late 2014 at Mistral’s site. UOP’s modular design and construction approach allows equipment to enter service up to six months faster than alternative approaches while ensuring superior quality control.
“This project with Mistral showcases UOP’s ability to work in the northern Bakken basin, especially as shale gas, remote gas and distributed gas play a more vital role in the global energy economy,” said Rebecca Liebert, UOP’s senior vice president and general manager for Gas Processing and Hydrogen.
Click here to read more about the project.
Tags:performance materials and technologies
Posted on Monday, April 14, 2014
At the Annual Honda Supplier Convention, Honeywell Turbo Technologies (HTT) India was recognized for flawless quality and delivery performance of the Honda 1.5L diesel wastegate turbo engine project.
Honda presented HTT India with the prestigious award for Best Support In New Model Development Start-Up. The 1.5L D engine is featured in the highly-acclaimed Honda Amaze as well as the new Honda City.
This award from Honda is a significant accomplishment and signifies the maturity of HTT operations in the region.
Tags:turbines and air management systems, turbo technologies
Posted on Friday, April 11, 2014