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Honeywell's Bottom Line Slammed by COVID-19 Project Delays, Changing Energy Market

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Honeywell2Q20
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SUGAR LAND--July 27, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Honeywell International (NYSE:HON) (Morris Plains, New Jersey) is the latest big-ticket service and technology provider to feel the economic shock from the COVID-19 pandemic. The company saw overall sales for the second quarter decline 19% when compared with the same period last year, with its aerospace and energy businesses down 27% and 17%, respectively. Industrial Info is tracking about $28 billion in active projects involving Honeywell, including nearly $19 billion worth that have been delayed or otherwise affected by COVID-19.

Within this article: Details on some of the highest-valued projects involving Honeywell to be delayed or otherwise affected by the COVID-19 pandemic, including those from major companies such as Vaquero Midstream, DCP Midstream Partners LP (NYSE:DCP), Inter Pipeline Limited (TSX:IPL) and Pieridae Energy Limited.

Other companies featured: Boeing Company (NYSE:BA), KBR Incorporated (NYSE:KBR)

Details on this Article:
Industry Segment: Production
Word Count: 937 Words
Attachment: Honeywell2Q20
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