NEW YORK CITY, Feb. 27 /PRNewswire-FirstCall/ -- United Technologies
Corp. (NYSE: UTX) outlined expectations for 2008 today at its annual
investor conference in New York. In addition to reviews of each of UTC's
operating segments, the company reaffirmed its earlier outlook for 2008
earnings per share in the range of $4.65 to $4.85. The company also
indicated it continues to expect that cash flow from operations less
capital expenditures will equal or exceed net income, and that revenues for
the year will increase to approximately $59 billion, including mid single
digit organic growth.
United Technologies Corp., based in Hartford, Connecticut, is a
diversified company that provides a broad range of high technology products
and support services to the building systems and aerospace industries.
This release is supplemented by presentation materials that are
available on UTC's website at http://www.utc.com, and includes "forward looking
statements" concerning expected revenue, earnings, cash flow and other
matters that are subject to risks and uncertainties. These statements often
contain words such as "expect", "anticipate", "plan", "estimate",
"believe", "will", "see", "guidance" and similar terms. Important factors
that could cause actual results to differ materially from those anticipated
or implied in forward looking statements include changes in the health of
the global economy; strength of end market demand in construction and in
both the commercial and defense segments of the aerospace industry;
fluctuation in commodity prices, interest rates, foreign currency exchange
rates, and the impact of weather conditions; and company specific items
including the availability and impact of acquisitions; the rate and ability
to effectively integrate these acquired businesses; the ability to achieve
cost reductions at planned levels; challenges in the design, development,
production and support of advanced technologies and new products and
services; delays and disruption in delivery of materials and services from
suppliers; labor disputes; and the outcome of legal proceedings. The level
of share repurchases may vary depending on the level of other investing
activities. For information identifying other important economic,
political, regulatory, legal, technological, competitive and other
uncertainties, see UTC's SEC filings as submitted from time to time,
including but not limited to, the information included in UTC's 10-K and
10-Q Reports under the headings "Business", "Risk Factors", "Management's
Discussion and Analysis of Financial Condition and Results of Operations"
and "Cautionary Note Concerning Factors that May Affect Future Results", as
well as the information included in UTC's Current Reports on Form 8-K.
Contact: John Moran
(860) 728-7062
UTC-IR
SOURCE United Technologies Corp.
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Related links:
http://www.utc.com/
http://www.prnewswire.com/comp/913919.html /
CONTACT:
John Moran of United Technologies Corp.,
+1-860-728-7062
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