Honeywell Specialty Materials First-Quarter Profits Rise

Honeywell’s specialty materials unit posted first-quarter segment profit of $192 million, an 18.5% gain over the year-ago quarter. Sales increased 4%, to $1.2 billion, driven by stronger than expected performance at UOP, partly offset by lower refrigerant sales. Sales from fluorine products decreased 11% due to pricing pressure. Resins and chemicals recorded a 6% sales decrease, while specialty products posted a 2% sales increase. Specialty materials improved its profit margin by 1.9 percentage points, to 16%, due to a favorable sales mix as well as price...

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