Honeywell's chemicals unit reports a 6% drop in fourth-quarter earnings

Honeywell's performance materials and technologies (PMT) unit reported a 6% drop in fourth-quarter profit, to $210.0 million, on lower margins, lower sales by Honeywell's UOP catalysts subsidiary, unfavorable raw material costs, resins and chemicals production, and challenging end-market conditions. PMT sales were up 8.0%, to $1.43 billion, on 2.0% organic growth and the acquisition Thomas Russell, a plant components maker serving the gas processing industry. Petrochemical and refining catalyst volumes were lower, although Advanced Materials sales were up...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers