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In Midst of Strong Third-Quarter Profits, Honeywell Braces for a Global Slowdown
SUGAR LAND--October 20, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--On October 17, Honeywell International Incorporated (NYSE:HON) (Morris Township, New Jersey) reported its earnings for the third quarter of 2008. The company's sales and net income were both up from the same period last year, 6% and 16%, respectively. Honeywell is being cautiously optimistic about the remainder of 2008 and 2009. "We're monitoring our portfolio. We're taking decisive action to prepare for a more difficult economic environment," said Chief Financial Officer David J. Anderson. Industrial Info is currently monitoring more than $3.6 billion of Honeywell's projects both in the U.S. and abroad.
Other companies featured: Royal Dutch Shell plc (NYSE:RDS.A)
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Industry Segment: Industrial Manufacturing
Word Count: 559 Words
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