Honeywell reaffirms 2008 outlook

Honeywell reaffirmed its 2008 financial guidance. The company expects sales of approximately $36.6 billion, earnings per share of $3.76-3.80, and free cash flow of $3.2 billion, excluding cash taxes relating to the sale of the Consumable Solutions business (cash flow from operations of $4.0 billion). In 2009, the company forecasts sales of $33.6-35.3 billion and earnings per share of $3.20-3.55. Cash flow from operations is expected to be $3.9-4.1 billion and free cash flow (cash flow from operations less capital expenditures) is expected to be $3.0-3.2 billion.