18 June 1998 23:50 [Source: ICIS news]
HOUSTON (CNI)--AlliedSignal said Thursday it expects to report 15% increased earnings of 60 cent/share for the second quarter ending 30 June.
AlliedSignal chairman and chief executive Lawrence Bossidy said that he expects his company to also achieve 15% operating margins by 2000, up from 11.4% in 1997.
He added that the Morris Township, New Jersey company's drive for growth will remain a key objective despite the relaxation of acquisition initiatives resulting from its recently announced stock repurchase plan.
He said growth is expected to come from three sources:
AlliedSignal also said that as a result of its reorganisation late last year, it would begin reporting results in five business segments: aerospace systems, speciality chemicals & electronic solutions, turbine technologies, performance polymers and transportation products.
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