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Honeywell targets double-digit earnings growth by 2018
10
Mar '14
Honeywell will hold its annual investor conference in New York City to outline its new five-year targets (2014-2018) and discuss its continued outperformance and growth strategy. The Company expects 2018 sales to increase organically $7-$12 billion to $46-$51 billion and segment margins to increase 220-370 bps over 2013 levels to 18.5-20.0%. The Company also expects to deliver on its previous five-year targets ending this year.
 
Highlights: 
-Strong Organic Growth Expected In Each of Honeywell’s Four Business Units Highlights New Innovation Process ‘Honeywell User Experience’ and CMMI Level 5 Capabilities
-Margin Expansion Expected To Continue, Targeting Double-Digit Earnings Growth Next 5 Years
-Reinforces Global M&A Strategy, Seeking To Deploy $10 Billion Plus Next 5 Years
-Reaffirms First-Quarter And Full-Year 2014 Outlook, Delivering On Previous Targets
 
“Honeywell continues to outperform,” said Honeywell Chairman and CEO Dave Cote. “The new five-year targets leverage our great portfolio of businesses, our disciplined process initiatives, and our innovation culture that learns, continues to evolve, and performs. With over 99% of the Company’s sales coming from Great Positions in Good Industries - markets where we win with differentiated technology – we’re well positioned for growth by deploying our Honeywell playbook and expanding our global footprint. This is an enviable position to be in.”
 
The Company will also introduce the Honeywell User Experience (HUE), a new approach to the design and development of new products and services. HUE starts with the customer experience and deploys rapid prototyping and other design principles which enable faster cycle time and lead to increased customer value and loyalty. The Company will showcase examples of the exciting new HUE-enabled products that it is delivering to the marketplace.
 
Click here to view more details.
 

Honeywell

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