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May 15, 2016

US Top 100: No 3 Honeywell

Profile appears in IR Magazine Investor Perception Study – US 2016

Honeywell may not win any awards this year – unlike 2015 when it won for best IR in the industrials sector – but it has moved up from fifth to third place in the US Top 100 and is among the top five in six separate research categories: the large-cap grand prix (where it comes third), best IR by a CEO or chairman (joint third), best financial reporting (third), best investor meetings (third), best corporate governance (second), and best IR in the industrials sector (second).

The comments from respondents are glowing and wide-ranging. Take this one from a sell-sider: ‘The CEO, CFO and IRO of Honeywell regularly attend industry events where they set out clearly how they are doing, along with taking a look at the industry itself and their peers. The IRO and the CFO have clarity about the future and what they are trying to achieve, and that is helpful for analysts. In fact, their guidance and forward planning are what set them apart.’

Honeywell is a large ($40 bn), diverse and complex company that IR head Mark Macaluso and his team of six professionals are charged with helping investors understand. Their ability to do that, and to issue long-term guidance and then meet those targets, ‘makes what we do in IR unique,’ he says. His team held 23 roadshows across roughly 30 days over the year and attended 270 investor meetings to help get the story across. Senior management members put in time too, as noted in the quote above; Macaluso says they dedicate 90 days a year to investor relations, attending around 120 one-on-one meetings.

This profile is part of a series that appears in the IR Magazine Investor Perception Study – US 2016. The report, available to professional subscribers to IR Magazine, can be accessed here.

Janet Dignan

Janet Dignan is a graduate of Otago University in New Zealand, where she read philosophy. From 1979 to1982 she was head of information at Linklaters, with responsibility for internal and external information resources for its offices in London, Hong...
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