Honeywell says UOP has been 'very disciplined' on the cost side
Says Honeywell UOP invented 31 out of 36 refining technologies today. Says 40% of $2.8B revenue came from offerings introduced in the last five years. Says Honeywell Process Solutions has now added Smart Energy. Says Smart Energy gives another growth trajectory and balances out portfolio. Says saw growth in short-cycle throughout the year and sees it continuing for the next few years. Says Honeywell UOP sees a very normal order pipeline coming out of 2019. Says customers are being a little more disciplined and contemplating higher-quality projects. Says very confident in value proposition and likes the momentum the company is seeing. Says believes there is significant upside for self-digitization of UOP. Says HPS 'can weather a lot of things" and is well-positioned. Says UOP is 'right in line' with segment guidance. Comments taken from the Barclays Industrial Select Conference 2019.