While a lot of companies are struggling with a tough global economy, United Technologies seems to be doing quite well. The company beat earnings estimates when it reported Thursday and just 10 days ago raised its dividend.
Speaking to Cramer Friday, Chairman George David attributed his team’s success to a few “relentless disciplines”: being the de facto lowest-cost producer in the business, high productivity and excellence in engineering. It’s hard to compete with a company that has better pricing power, does more business and leads in innovation.
As a result, UTX finds itself in very good shape. Watch the video for David’s take on China (where did it go?), the Boeing strike, paying down debt, commercial paper and more.
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