Honeywell International Inc. (HON) CEO Darius Adamczyk on Q3 2019 Results - Earnings Call Transcript

10/18/19

Honeywell International Inc. (NYSE:HON) Q3 2019 Results Earnings Conference Call October 17, 2019 8:30 AM ET

Company Participants

Mark Bendza - Vice President, Investor Relations

Darius Adamczyk - Chairman, Chief Executive Officer

Greg Lewis - Senior Vice President, Chief Financial Officer

Conference Call Participants

Sheila Kahyaoglu - Jefferies

Scott Davis - Melius Research

Steve Tusa - J.P. Morgan

Jeff Sprague - Vertical Research Partners

Deane Dray - RBC Capital Markets

Julian Mitchell - Barclays

John Walsh - Credit Suisse

Operator

Good day, everyone. Ladies and gentlemen and welcome to Honeywell’s Third Quarter Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be open for questions following the presentation. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to introduce your host for today’s conference, Mark Bendza, Vice President of Investor Relations.

Mark Bendza

Thank you Emily [ph]. Good morning and welcome to Honeywell’s third quarter 2019 earnings conference call. With me here today are Chairman and CEO, Darius Adamczyk; and Senior Vice President and Chief Financial Officer, Greg Lewis.

This call and webcast, including any non-GAAP reconciliations, are available on our website at www.honeywell.com/investor. Note that elements of this presentation contain forward-looking statements that are based on our best view of the world and of our businesses as we see them today. Those elements can change, and we ask that you interpret them in that light. We identify the principal risks and uncertainties that may affect our performance in our annual report on Form 10-K and other SEC filings.

For this call, references to adjusted earnings per share, adjusted free cash flow and free cash flow conversion, and effective tax rate exclude the impacts from separation costs related to the two spin-offs, of our homes and transportation systems businesses in 2018, as well as pension, mark-to-market adjustments and U.S. tax legislation, except where otherwise noted. Comparisons are to the prior year period unless otherwise noted.

This morning, we will review our financial results for the third quarter of 2019, share our guidance for the fourth quarter, and provide an update to our full year 2019 outlook, and share some preliminary thoughts on 2020 dynamics. As always, we’ll leave time for your questions at the end.

And with that, I’d like to turn the call over to Chairman and CEO, Darius Adamczyk.

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