Honeywell's Sales Up in 2008, but Expectations are Low for 2009

SUGAR LAND--December 16, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--On December 15, global diversified manufacturing company Honeywell International Incorporated (NYSE:HON) (Morris Township, New Jersey) discussed the company's outlook for the coming year. Although Honeywell is certainly expecting a slower 2009, on the whole, 2008 has not been as devastating as it has for other companies. Chief Financial Officer David Anderson, speaking of the company's performance in a conference call, said, "2008 has been a very good year for Honeywell in an increasingly tough economic environment." Total sales for the company showed 6% growth, moving from $34.6 billion in 2007 to an estimated $36.6 billion in 2008.