Despite positive sales in its aerospace segment, Honeywell International Inc. on July 24 posted a 92 percent drop in net profit for the second quarter due largely to charges the company took related to its failed merger with General Electric Co. Company officials reported net quarterly earnings of $50 million, or 6 cents per share, compared with $617 million, or 76 cents per share a year ago at this time. Those earnings reflected a $651 million charge for repositioning, ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Second quarter earnings signal long road ahead for Honeywell".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.