Earnings Call Excerpt
United Technologies Corporation (UTX)
Q4 FY07 Earnings Call
January 23, 2008, 9:30 AM ET
Executives
Gregory J. Hayes - VP, Accounting and Finance
Ken Parks - Director of IR
James E. Geisler - VP, Finance
Analysts
Heidi Wood - Morgan Stanley
Deane Dray - Goldman Sachs
Steve Binder - Bear Stearns
Joseph Campbell - Lehman Brothers
George Shapiro - CitiGroup
Cai Von Rumohr - Cowen and Company
Ron Epstein - Merrill Lynch
Nicole Parent - Credit Suisse
Howard Rubel - Jefferies
Nigel Coe - Deutsche Bank
Myles Walton - Oppenheimer & Co., Inc.
Joseph Nadol - J.P. Morgan
Presentation
Operator
Good morning and welcome to the United Technology's Fourth Quarter Conference Call. Today's call is being recorded. On the call today are Greg Hayes, Vice President, Accounting and Finance; Jim Geisler, Vice President, Finance; and Ken Parks, Director of Investor Relations.
This call is being carried live on the Internet and there is a presentation available for download from UTC's homepage at www.utc.com. The company reminds listeners that the earnings and cash flow expectations and any other forward-looking statements provided in this call are subject to risks and uncertainties. UTC's SEC filings, including its 10-Q and 10-K reports provide details on important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements.
At this time I would like to turn the call over to Mr. Hayes. Mr. Hayes, please go ahead, sir.
Gregory J. Hayes - Vice President, Accounting and Finance
Thank you Rufus and good morning, everyone. As you saw the press release this morning, UTC ended 2007 with a strong fourth quarter with each of our six business units delivering double-digit earnings growth and exceptionally good cash flow. More revenues of the UTC operating model with its focus on top line growth, margin expansion and cash generation delivers consistently for shareholders.
And it is that operating model along with a strong management team that gives us confidence of another good year in 2008 despite the economic headwinds that we read about everyday. I
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