HARTFORD, Conn., Aug. 12 /PRNewswire-FirstCall/ -- United Technologies
Corp. (NYSE: UTX) President and Chief Executive Officer, Louis Chenevert,
will meet with investors today at the Credit Suisse 2008 Electrical
Equipment, Multi-Industry & Machinery Conference. During these meetings,
Mr. Chenevert will reaffirm UTC's expectations for 2008 revenues of more
than $60 billion, earnings per share in the range of $4.80-4.95, and cash
flow from operations less capital expenditures equal to or in excess of net
income.
United Technologies, based in Hartford, Conn., is a diversified company
that provides high technology products and services to the building and
aerospace industries.
This release includes "forward-looking statements" concerning
anticipated future financial performance, including expected revenues,
earnings and cash flow. These matters are subject to risks and
uncertainties. Important factors that could cause actual results to differ
materially from those anticipated or implied in forward looking statements
include 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 factors 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.
UTC-IR
Contact:
Tom Downie, UTC
(860) 728-7012
Investor Relations, UTC
(860) 728-7608
SOURCE United Technologies Corp.
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Related links:
http://www.utc.com
http://www.prnewswire.com/comp/913919.html /
CONTACT:
Tom Downie of United Technologies Corp.,
+1-860-728-7012, or UTC Investor Relations, +1-860-728-7608
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