CHARLOTTE, N.C. — Honeywell reported its Q2 sales dropped by 19 percent, hit by the pandemic and oil price movements. Sales totalled $7.48 billion, down from $9.24 billion last year but ahead of analyst estimates of $7.29 billion. Net income came to $1.08 billion, or $1.53 a share, compared with $1.54 billion ($2.10), in Q2 of 2019 and coming short of the forecast $1.20 per share. Honeywell Building Technologies, which includes the conglomerate’s lighting, heating and electrical portfolios, saw sales for the quarter decline by 17 percent on an organic basis.
Honeywell sales, profits slide in Q2
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