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

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

Should you buy Domino’s Pizza (DPZ) stock ahead of Q3 earnings?

The fast-food industry is among the worst affected by the inflation-induced dip in consumer confidence, which is weighing on the demand for discretionary items. Domino’s Pizza, Inc.  (NYSE: DPZ) is

Infographic: Key highlights from Paychex (PAYX) Q1 2023 earnings results

Paychex Inc. (NASDAQ: PAYX) reported first quarter 2023 earnings results today. Total revenue rose 11% year-over-year to $1.20 billion. Net income grew 14% to $379.2 million, or $1.05 per share,

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