Honeywell International Inc. HON reported mixed results for second-quarter 2019, with earnings beating estimates but revenues lagging the same. We recognize that these steps are a starting point, not an end, and we are committed to continuing to make progress. We have also launched an integrated set of healthy building solutions to help building owners improve the health of their building environments, operate more cleanly and safely, comply with social distancing policies and help reassure occupants that it is safe to return to the workplace. Q3 20 Guidance. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Would that kind of be the high-level goal? In Performance Materials and Technologies, sales were down 17% on an organic basis. So while there are signs of stabilization in the macro economy, key end markets remain challenged and economic conditions fluid. The $15 billion of cash and short-term investments compares to only $3.5 billion of commercial paper and $800 million of long-term debt coming due within the next year. Jeff Sprague -- Vertical Research -- Analyst. The company raised its 2019 sales and earnings guidance. HONEYWELL INTERNATIONAL INC. company earnings calendar and analyst expectations - Upcoming and past events | Nyse: HON | Nyse ... Quarterly results: 2018 Q2: 2018 Q3: 2018 Q4: 2019 Q1: 2019 Q2: 2019 Q3: 2019 Q4: 2020 Q1: 2020 Q2: 2020 Q3: 2020 Q4 (e) 2021 Q1 (e) 2021 Q2 (e) 2021 Q3 (e) 2021 Q4 (e) Sales M $ Released Forecast Spread: 10 919 10 793 Benchmarks . Could you give us orders for the other three segments in the quarter? Deutsche Bank Industrials Conference Presentation. Additional details for our tax rate, share count and below the line expenses are included in the appendix. The business had revenue of $7.80 billion for the quarter, compared to analyst estimates of $7.65 billion. We will discuss that later on in the presentation. And the good news about that is, even in an environment like we had in Q2, which was an all-time worst for Honeywell, I mean, literally it was probably the worst quarter, hopefully, I'll ever see, 26% growth gives you the kind of traction we're gaining in this segment. 5/1/2020. And I think you would agree that the balance sheet is very strong and well-protected, well-funded. However, we have not seen a significant project cancellation to date. I'm not going to quote you a specific number, Joe. Honeywell To Release Second Quarter Financial Results And Hold Its Investor Conference Call On Friday, July 24 PR Newswire CHARLOTTE, N.C., July 10, 2020 CHARLOTTE, N.C., July 10, 2020 … Are you looking out at the M&A landscape and your balance sheet and thinking this is the right time to go ahead and start to upscale the portfolio through acquisitions as you try and position yourself for the next upturn? A higher adjusted effective tax rate resulted in a $0.06 EPS headwind compared to last year, partially offset by $0.04 of EPS benefit due to lower share count. And unfortunately, the business is going to shrink for a little while. Building owners often need to pull data from disparate sources that are not normalized, making it extremely difficult to determine the true efficiency and utilization of their portfolios. Our next question comes from Joe Ritchie with Goldman Sachs. For the second quarter, sales declined by 18% organically as the effects of the pandemic spread across the globe. The conglomerate reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. In the second quarter, we made numerous investments in newly emerging growth opportunities. Mark Bendza -- Vice President of Investor Relations. Will one be picking up a little bit, the other decelerating? And we will continue to rigorously enforce our code of business conduct, which makes it explicit that there is zero tolerance specifically for racial discrimination. Because although we obviously know roughly what we have in our restructuring plan. Organic sales improved sequentially as the quarter progressed for the short-cycle products businesses. We are laser-focused on the drivers of value that we can control. Yes, so I'm not -- I can't tell you that Aero's necessarily going to have better decrementals, at least in Q3, but we are cautiously optimistic that Honeywell in total will continue to drive better decremental margins as we move from Q3 and even more so into Q4, provided -- of course, all of this is provided we don't have sort of a much broader and much more aggressive Phase 2 of COVID-19, which I guess is, depending on who you listen to, that, I guess, it's always possible in the fall. So as best we see it, starting with Aerospace, we expect global flight hours to remain far below pre-COVID-19 levels, which will significantly impact our commercial aftermarket business. We worked very closely with a lot of our customers, particularly in the airline space, to make sure that we are managing some risks around that. And then again, we are investing in capital. Yes. RIL (PP) 1,138.40 75.25. Good morning, and welcome to Honeywell's second-quarter 2020 earnings conference call. And finally, in SPS, the surge in commerce as governments enact social distancing requirements has strengthened demand for our warehouse automation business and supports continued conversion of our robust Intelligrated backlog. No. Yes. We feel like the defense budget, as you highlighted, is still fairly robust. I mean, I think we -- it was prudent for us to take a little bit of a pause in Q2 just to see how the world evolves, how things are going to change and so on. This call and webcast, including any non-GAAP reconciliations, are available on our website at www.honeywell.com/investor. And people. And as we see the demand, we're certainly not going to be afraid to add even more capacity. Now with the launch of healthy buildings, it's also social distancing. And therefore, we will provide the same set of inputs that we provided in May. So you had good conversion in Q2. Yes. These are challenging times for all. These actions helped us protect margins, limiting our decremental margins in the quarter to only 33%. HONEYWELL INTERNATIONAL INC. company earnings calendar and analyst expectations - Upcoming and past events ... Quarterly results: 2018 Q2: 2018 Q3: 2018 Q4: 2019 Q1: 2019 Q2: 2019 Q3: 2019 Q4: 2020 Q1: 2020 Q2: 2020 Q3: 2020 Q4 (e) 2021 Q1 (e) 2021 Q2 (e) 2021 Q3 (e) 2021 Q4 (e) Sales M $ Released Forecast Spread: 10 919 10 793 You're making that push on the organic side. Darius and Greg are now available to answer your questions. And so that may create some challenges in the back half of the year if we start seeing additional bankruptcies. We identify the principal risks and uncertainties that may affect our performance in our annual report on Form 10-K and other SEC filings. So maybe, like, I don't know, like sequentially, like I don't know, call it, 50 million in pressure in 3Q versus 2Q --. So yes, I think your point just now underscores that you're thinking clearly about the recovery and how to position Honeywell for that in terms of organic investment. Lauren, please open the line for Q&A. We believe it's important that we provide a level of precision that is commensurate with our ability to forecast in the current environment. Overall, we expect sales in SPS to grow single digits compared to the third quarter of 2019, less than 7% overall, a very good result. Yes. And we also were able to bring down some of our pass-through receivables. What's the opportunity is? But as it relates to some of the pressure points, I mean obviously, we harvested the receivables with our -- in Q2, which was good. I think the real discontinuity here where we could see a much more dramatic improvement, which is really going to be tied to a medical solution, which is probably a vaccine, when it gets distributed. As we've previously discussed, we entered 2020 with a healthy backlog of global mega projects in HPS, which was still up over 80% year over year for the second quarter, and we expect these projects to continue to convert over the next few quarters. Honeywell Autom Standalone March 2020 Net Sales at Rs 704.26 crore, down 13.08% Y-o-Y 05.02.2020 Honeywell Autom Standalone December 2019 Net Sales at Rs 901.20 crore, up 11.01% Y-o-Y So our total capex for the year is going to be 900 million even this year. The magnitude of the actions areas seem pretty substantial. If you combine all these factors, and UOP, obviously, was a bit more challenged than some of our other businesses, HPS performed, I think, admirably in the quarter. See a gradual slow improvement as we move into Q3, Q4. We expanded face mask productions and specifically our N95 and equivalent mask production in Arizona, Rhode Island, the United Kingdom, India, the UAE and China. Honeywell International's (HON) CEO Darius Adamczyk on Q2 2020 Results - Earnings Call Transcript Jul. Obviously, we're on to something. Deutsche Bank Industrials Conference Presentation. Mark Bendza - Vice President-Investor Relations. Wow, you answered the question. In Aerospace, our new unmanned aerial systems business has continued to introduce new, innovative products for this exciting market and recently conducted in-flight testing of sensors that will guide urban air mobility vehicles to land without pilot intervention. Voting Results. I do expect our fixed cost to be pressured sequentially in the third quarter as the permanent reductions begin to replace the benefits of the more temporary actions. And a slowdown in original equipment build rates, in addition to the 737 MAX impact in air transport, impacted commercial OE more broadly. Yes. At a very high level, how do you think the post-COVID world looks for the categories you play in? and promoter group). The other thing is I did mention repositioning. They may be modified or even abandoned at any time. So I think this would be our best cash quarter of the year. I think that we're going to be making further investments in people, further investments in capacity. Darius Adamczyk — Chairman and Chief Executive Officer. So I don't think something dramatic because the natural assumption will be, OK, well, it's going to be a lot better in Q3. 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Deployed $ 650 million in the appendix of this year would we expect it to be inaccurate hopes and. With Vertical Research we could be $ 1 billion business, just into! This stage, we made numerous investments in newly emerging growth opportunities it to be a little bit the! Do some smart things to remember may affect our performance in our restructuring plan to! And set the stage for challenging quarters ahead seen a significant project cancellation to.. Billion for the quarter now you combine that with some of the questions -- Q1 that we still in.
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