SOURCE: Industrial Info Resources

October 20, 2008 06:00 ET

In Midst of Strong Third-Quarter Profits, Honeywell Braces for a Global Slowdown, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - 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," Chief Financial Officer David J. Anderson said. Industrial Info is currently monitoring more than $3.6 billion of Honeywell's projects both in the U.S. and abroad.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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