Honeywell Third Quarter Outlook

MORRIS TOWNSHIP, N.J., September 22, 2011 – Honeywell (NYSE: HON) will meet with investors today at the Citi Global Industrials Conference and reaffirm its full-year 2011 financial guidance. The company expects:

• 2011 sales of $36.1-36.7 billion, up 12-14% over 2010
– Excludes the divested Consumer Products Group business (CPG), treated as discontinued
operations
• 2011 proforma earnings per share of $3.85-4.00, up 28-33% over 2010
– Includes discontinued operations of approximately $0.25
– Excludes any mark-to-market pension adjustments
• Maintaining 2011 free cash flow guidance of $3.5-3.7 billion
– Excludes any U.S. cash pension contributions
• 3Q11 sales in the range of $9.1-9.4 billion, up 12-15%
– Healthy organic growth anticipated – 7 to 9%
• 3Q11 earnings of $0.96-1.01 per share – expect earnings near high-end of range
– Includes earnings from discontinued operations (CPG) and assumes full deployment of
after-tax gains from sale of CPG (~$165M) and OPEB curtailments (~$80M)