offline
Honeywell (HON) Q2 Earnings & Revenues Top Estimates, Down Y/Y
...Adjusted earnings were $1.26 per share, surpassing the Zacks Consensus Estimate of $1.15. However, the bottom line declined 40% year over year on account of lower sales. Honeywell’s second-quarter revenues were $7,477 million, beating the consensus estimate of $7,237 million. The top line recorded a decline of 19% on a year-over-year basis. Notably, the fall was primarily attributable to an 18% decline in organic revenues on account of weakness in end markets due to the coronavirus outbreak-led issues and oil price volatility. ...
...Exiting the second quarter of 2020, Honeywell had cash and cash equivalents of $13,778 million compared with $9,067 million as of Dec 31, 2019. Long-term debt was $17,591 million, higher than $11,110 million recorded at the end of 2019. ...
...Adjusted free cash flow in the quarter was $1,253 million, down 18.4% year over year. ...
https://www.zacks.com/stock/news/1015360...quote_news
...Adjusted earnings were $1.26 per share, surpassing the Zacks Consensus Estimate of $1.15. However, the bottom line declined 40% year over year on account of lower sales. Honeywell’s second-quarter revenues were $7,477 million, beating the consensus estimate of $7,237 million. The top line recorded a decline of 19% on a year-over-year basis. Notably, the fall was primarily attributable to an 18% decline in organic revenues on account of weakness in end markets due to the coronavirus outbreak-led issues and oil price volatility. ...
...Exiting the second quarter of 2020, Honeywell had cash and cash equivalents of $13,778 million compared with $9,067 million as of Dec 31, 2019. Long-term debt was $17,591 million, higher than $11,110 million recorded at the end of 2019. ...
...Adjusted free cash flow in the quarter was $1,253 million, down 18.4% year over year. ...
https://www.zacks.com/stock/news/1015360...quote_news
__________________
Don't stop to think, have another drink. (The Kinks, When Work is Over)
