SOURCE: Industrial Info Resources

December 16, 2008 07:00 ET

Honeywell's Sales Up in 2008, but Expectations Are Low for 2009, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - 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 its 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 said during a conference call that "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.

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