Categories AlphaGraphs, Earnings, Industrials

A visual representation of Honeywell (HON) Q1 2020 earnings results

Honeywell International Inc. (NYSE: HON) reported its financial results for the quarter ended March 31, 2020 today. The bottom-line came in above the analysts’ expectations while the top line missed consensus estimates.

Honeywell posted a 12% jump in earnings for the first quarter of 2020 helped by lower costs and expenses despite a 5% decline in the top-line. The softness in the building solutions projects and volume declines in security and building management products hurt Honeywell Building Technologies.

Honeywell International (HON) Q1 2020 earnings review

The company’s Performance Materials and Technologies and Safety and Productivity Solutions segments showed declines in sales for the quarter. However, the Aerospace segment showed a marginal rise backed by continued strength in the Defense and Space business and growth in air transport commercial aftermarket.

Due to the evolving nature of the COVID-19 pandemic and related supply chain and market disruptions, Honeywell said it has temporarily suspended its full-year guidance until the economic impact of coronavirus stabilizes. The company expects ongoing top-line challenges due to the current market conditions, particularly in the aerospace and oil and gas sectors.

Past Performance

Honeywell Q4 2019 Earnings Results

HON Q3 2019 Earnings Performance

Most Popular

Kin Insurance’s strategy is focused on growing in catastrophe-exposed states: CEO Sean Harper

Kin Insurance is a leading insurance technology company specialized in high-risk residential areas. The direct-to-consumer business model and use of advanced technology allow the company to offer affordable pricing without

Infographic: Key highlights from Best Buy (BBY) Q1 2023 earnings results

Best Buy Co., Inc. (NYSE: BBY) reported first quarter 2023 earnings results today. Enterprise revenue dropped to $10.6 billion from $11.6 billion in the year-ago period. Comparable sales were down

AutoZone (AZO) Q3 Earnings: Key financials and quarterly highlights

AutoZone, Inc. (NYSE: AZO) reported third quarter 2022 earnings results today. Net sales increased 5.9% year-over-year to $3.9 billion. Domestic same-store sales increased 2.6%. Net income decreased 0.6% to $592.6 million, while

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top