Honeywell (HON) Tops Q2 EPS by 5c
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Honeywell Reports EPS Of $1.53, Adjusted EPS Of $1.26; Delivers $1.5 Billion Of Operating Cash Flow
July 24, 2020 6:30 AM EDT
CHARLOTTE, N.C., July 24, 2020 /PRNewswire/ --Â Honeywell (NYSE: HON) today announced results for the second quarter of 2020, which were significantly impacted by the COVID-19 pandemic and oil price volatility.
The company reported a second-quarter sales decline of 19%, down 18% organic, operating margin contraction of 550 basis points, and segment margin contraction of 280 basis points, with adjusted earnings per share2 of $1.26.
"The second quarter was a challenging one, but we executed on the three things that will enable us to weather this downturn: aggressively... More
