Q1 profits fall in Honeywell’s fluorspar-consuming division

• Autores: Michael Greenfield
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 602, 2018 (Ejemplar dedicado a: Mayo - Junio)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • 'Good demand’ for fluorspar products and for low global warming products makes sales grow but profits fall.

    Honeywell’s performance materials and technologies (PMT) division, which includes its refrigerants business, achieved 8% sales growth despite falling profits in the first quarter of 2018.

    First-quarter profit of $519 million profit was up 7.4% from $483 million in the first quarter of 2017 but down 14.5% from $607 million in the final three months of last year.

    For the full year, it reported 3% organic sales growth and 8% reported sales growth in the PMT division, partly driven by the, “continued customer adoption of [its] Solstice low global warming products,” president and chief executive Darius Adamczyk said.