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Honeywell posts stronger performance materials earnings
1:41 PM MDT | July 18, 2014 | Lindsay Frost
Honeywell says that profit in its performance materials and technologies (PMT) segment was $475 million, up 8% from the prior year. Segment revenue rose 6% year-on-year (YOY), to $2.6 billion. Segment profit and margin were driven by productivity gains and higher volume partially offset by price and raw material headwinds in resins and chemicals as well as an unfavorable UOP catalyst shipment mix versus the prior year. Higher revenues were driven by UOP catalyst and gas processing growth as well as higher sales in advanced...
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