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Honeywell 2Q 2014 Sales Up 6% To $10.3 Billion; EPS Of $1.38 Per Share

Honeywell announced its results for the second quarter of 2014 with sales growth of 6 percent over previous year earnings.  Organic sales were up 3% due to strong execution across the portfolio and earnings per share (EPS) up 8 percent to $1.38.  The company announced that it is raising its low-end proforma EPS guidance to [...]

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Honeywell Completes Sale Of Its Friction Materials Business To Federal-Mogul

Honeywell has completed the sale of its Friction Materials (FM) business to Federal-Mogul in a cash transaction valued at approximately $155 million. The transaction does not include the Bendix® name or line of products or business in the United States.  In addition, joint ventures that operate in Australia, Thailand, and Malaysia will be retained as [...]

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Dave Cote Urges for Ex-Im Bank Reauthorization on CNBC

Honeywell Chairman and CEO Dave Cote appeared on CNBC Closing Bell to speak with host Kelly Evans about the need to reauthorize the Export-Import (Ex-Im) Bank. “Every country recognizes that exports are critical for job development,” Cote explained. “Exports create jobs. It's why you find big countries like Korea, Japan, China, France, Germany – all [...]

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Video: How Honeywell Will Achieve Its New Five-Year Targets

Honeywell Chairman and CEO Dave Cote introduced the company’s ambitious new Five-Year Plan (from 2014-2018) with expectations of $46-51 billion in revenue and 18.5-20% operating margins by 2018. In this video, Cote will walk you through the five most important parts of the plan, which include: A focus on high growth regions (HGR), which are [...]

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Honeywell CEO Dave Cote Featured in Financial Times

Honeywell Chairman and CEO Dave Cote was recently interviewed by Financial Times managing editor Martin Dickson for his View from the Top column. During the interview, Cote discussed his perspective on the global economy in addition to other topics specific to his leadership at Honeywell. For example, Cote discussed his approach to creating a cohesive [...]

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Dave Cote’s FORTUNE Op-Ed: The Economic Olympics & Staying Competitive

FORTUNE recently published an op-ed by Honeywell Chairman and CEO Dave Cote discussing the need for the U.S. to develop strong commercial ties with China and execute an American Competitiveness Agenda to maintain a vibrant economy. In the article, Cote explains, “Economic size represents population times productivity (defined as GDP per capita). We will never [...]

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