Resumen de Q1 profits fall in Honeywell’s fluorspar-consuming division
'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.
