Honeywell International Inc (NAS:HON)
$ 229.64 -0.76 (-0.33%) Market Cap: 149.32 Bil Enterprise Value: 169.23 Bil PE Ratio: 26.52 PB Ratio: 8.58 GF Score: 82/100

Honeywell International Inc at Robert W Baird Global Industrial Conference Transcript

Nov 05, 2019 / 03:30PM GMT
Release Date Price: $180.68 (+0.38%)
Peter J. Arment
Robert W. Baird & Co. Incorporated, Research Division - Senior Research Analyst

Okay. Thank you, everyone, for joining us here. My name is Peter Arment. I'm the senior aerospace and defense analyst here at Baird. Really delighted to have returning guest to this conference, Rajeev Gautam, who's the President and CEO of Performance Materials and Technologies at Honeywell. It is a very large segment inside Honeywell, 30% of roughly the sales, a little bit more than 30% of the profits.

And with that, Rajeev's going to make a couple of opening comments and then we'll get into a nice chat.

Rajeev Gautam
Honeywell International Inc. - President and CEO of Performance Materials & Technologies

Well, thank you, Peter. Thank you for having me here today. As you saw, Honeywell grew its top line 3% organically. And PMT, Performance Materials and Technologies, the business I head, also grew 3% organically. This was powered by pretty broad-based growth. The automation businesses have done really well and they grew 7% year-on-year. The

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