HARTFORD, Conn., Nov. 18 /PRNewswire-FirstCall/ -- United Technologies
Corp. (NYSE: UTX) Senior Vice President and Chief Financial Officer Greg Hayes
will meet with investors today and reaffirm UTC's expectations for 2008
earnings per share in the range of $4.90-4.95 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 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; impact of volatility and deterioration in financial markets on
overall levels of economic activity; 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 impact of financial market volatility and deterioration
on the financial strength of customers and suppliers and on levels of air
travel; 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, UTC
(860) 728-7062
Investor Relations, UTC
(860) 728-7608
UTC-IR
