HON - Honeywell International Inc. (HON) presents at Citi's 2024 Global Industrial Tech and Mobility Conference (Transcript)
2024-02-20 11:29:11 ET
Honeywell International Inc. (HON)
Citi’s 2024 Global Industrial Tech and Mobility Conference
February 20, 2024, 8:00 a.m. ET
Company Participants
Vimal Kapur - CEO
Conference Call Participants
Andrew Kaplowitz - Citi
Presentation
Andrew Kaplowitz
We're going to get started. Again, appreciate everyone joining us. For those of you who weren't at our first meeting, early risers, again, welcome to Citi's Global Industrial Tech and Mobility Conference. We are very excited to have Honeywell with us. We've got Vimal Kapur. Vimal is the CEO of Honeywell. Vimal started at Honeywell in 1989. So, he's been around for a little while. Vimal, I know you have some prepared remarks, so I'm going to let you take it away, and then we'll get into questions.
Vimal Kapur
Absolutely. So, good morning, everyone, and I would say eight months into the role and feel excited about what's ahead for us in Honeywell. I think the strategy we have laid out is we are going to go deliver good results in 2024, as we have guided, but I feel very confident for the times ahead. So, a few quick comments. I laid out three strategic priorities, and I'm sure Andy, we are going to talk about each one of them. Making progress on each one, whether it's our organic growth vector, something I'm very passionate about, Honeywell is well set up to - with its macros of Aerospace, Energy, and Automation. And how do we play in those spaces with our innovation playbook, but also monetizing our install base and high growth region is something we are executing and I expect that to deliver results for us. Operating system always been a strength of Honeywell, the second priority. That's something which positions us well to operate this company as integrated operating company. One thing I'm proud of is both my predecessor did a lot of work to position us not to operate as a conglomerate. There are setup processes which are heavily digitized and capabilities, which give us a scale and the rigor we can run, and we will continue to improve upon that. And finally, the optimizing of the portfolio. I absolutely understand that we need to revitalize our portfolio. Bolt-on acquisition is our primary strategy. I believe that keeps the portfolio refreshed and also positions as well. So, across all the three, we are making meaningful progress. ...
Honeywell International Inc. (HON) presents at Citi's 2024 Global Industrial Tech and Mobility Conference (Transcript)