MORRIS PLAINS, N.J.,
April 27, 2017 /PRNewswire/
-- Honeywell (NYSE: HON) today issued the following
statement in response to Third Point's investment thesis.
Honeywell strives to keep an open dialogue with all of its
shareowners. We are focused on enhancing shareowner value and
will continue to evaluate all ideas that have the potential to help
us achieve this goal.
Under the leadership of our new CEO, Darius Adamczyk, we continue to build on the
strong foundation that has enabled Honeywell to drive sustainable
growth and long-term success. We are well-positioned to
generate both near-term and long-term value for shareowners driven
by an acceleration in organic growth, continued margin expansion
through our world-class operating system, transition to a
software-industrial enterprise, and more aggressive capital
deployment. We believe that each of our businesses benefits from
the ability to leverage our unified, world-class operating system,
technology resources, and corporate infrastructure across the
entire enterprise.
Honeywell's management and Board regularly conduct portfolio
assessments and have a demonstrated track record of effective
portfolio realignment and capital deployment actions.
Regarding the Third Point investment thesis, we intend to take the
time necessary to ensure a comprehensive, informed and objective
review of the potential separation of the Aerospace
business.
Honeywell will continue executing its 2017 plan, delivering on
our financial commitments as we have done for over a decade
and as we did in the first quarter, and remain focused on
effectively deploying capital to generate consistently outstanding
returns. We have a strong portfolio of businesses with great
positions in growing industries. Aerospace is no exception.
Our substantial investments and outstanding OEM platform wins will
contribute to top-line growth and margin expansion for years to
come. Honeywell is performing well and remains committed to
the long-term financial goals outlined at our March investor
day.
Honeywell (www.honeywell.com) is a Fortune 100
software-industrial company that delivers industry specific
solutions that include aerospace and automotive products and
services; control technologies for buildings, homes, and industry;
and performance materials globally. Our technologies help
everything from aircraft, cars, homes and buildings, manufacturing
plants, supply chains, and workers become more connected to make
our world smarter, safer, and more sustainable. For more news
and information on Honeywell, please visit
www.honeywell.com/newsroom.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
Contacts:
|
|
Media
|
Investor
Relations
|
Robert C.
Ferris
|
Mark
Macaluso
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(973)
455-3388
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(973)
455-2222
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rob.ferris@honeywell.com
|
mark.macaluso@honeywell.com
|
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SOURCE Honeywell