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Honeywell Specialty Material Earnings Drop 19%

2:13 PM MDT | July 27, 2009

The business posted a 19% drop in segment profit, to $150 million, on a 28% decline in revenues, to $1.048 billion. Segment margin in specialty materials increased 150 basis points to 14.3% due to the positive impact of cost savings, Honeywell says...

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