And our adjusted free cash flow conversion was 140%, up 40 points year over year. But even before this crisis hit, I mean, the mix in UOP can vary substantially from quarter-to-quarter or even year to year. 5/1/2020. Starting with Aerospace. I am very proud of the part we are planning to keep people safe and healthy by providing new solutions for urgent customer needs. So a, do you have plans to continue to increase capacity on masks? Just on Aerospace. And as always, we'll leave time for your questions at the end. Despite the challenging macroeconomic conditions, we generated $1.3 billion of free cash flow, driven by cost actions and customer collections, resulting in adjusted free cash flow conversion of 140%. We are partnering with pharmaceutical and biotech customers in our Aclar healthcare packaging business to develop innovative packaging solutions for future COVID-19 therapies and vaccines. Hey, Darius, maybe let's just start on UOP and HPS. That's kind of how we'd think about it. Honeywell Automation India Ltd Q2 net profit at Rs. PPE orders were up triple digits for the second consecutive quarter, with strength in the respiratory, head, eye, face, gloves and clothing categories. And part two of the question, does it open sort of strategic opportunities for you down the line in safety to build on this new strength? Now you combine that with kind of a push out of a lot of the catalyst refills, push out of projects. Aerospace. So that's going to ramp up in half two. At Honeywell, we're transforming the way the world works, solving your business's toughest challenges. I don't think it's going to be dramatically better in Q3, but we do expect modest improvement in some of the -- in that 33%. That makes sense. We are very excited to have Emily on board. The conglomerate reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. So just a quick follow-up. We're also investing in growth opportunities and working hard to provide innovative solutions for emerging customer needs. We expect these dynamics to continue in the third quarter but to improve sequentially. Q1 2020 Honeywell Earnings Conference Call Presentation. And then again, we are investing in capital. I mean it was great strategic move on your part on respiratory protections. So I would say the capacity expansion is much more broad-based, and it's not just mask-oriented. Q1 2007 Earnings Conference Call Presentation. Yes. Organic sales improved sequentially as the quarter progressed for the short-cycle products businesses. Honeywell International's (HON) CEO Darius Adamczyk on Q2 2020 Results - Earnings Call Transcript Jul. Q2 20. And just to give you a perspective, clearly, the connected buildings part was really a highlight of our Q2 in terms of our connected enterprise. Jeff Sprague -- Vertical Research -- Analyst. The macro conditions continue to put pressure on other SPS businesses, including sensing and IoT, gas sensing and productivity products, where we expect to see declines in the third quarter. There's some software. And I think from an investment perspective, I would just add that we're nearly doubling our growth capex from our original plans because I -- to be honest, I haven't seen IRRs ever that were triple digit. But we effectively managed through the challenges with strong operational execution and cash generation. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Cumulative Growth of a $10,000 Investment in Stock Advisor, Honeywell International (HON) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $HON, Why You Should Buy Aerospace Stocks on Weakness in 2021, 2 Dividend Stocks That Should Beat the Market (Again) in 2021, Looking for a Dependable Stock? In the second quarter, we issued $3 billion in long-term debt instruments with maturities in 2025, 2030 and 2050, replacing a portion of the term loan financing which we reduced commensurately from $6 billion to $3 billion. So overall, we finished a challenging quarter with significant top line impact from the COVID-19 pandemic. Vertical Research Partners Global Industrials Conference. And so that may create some challenges in the back half of the year if we start seeing additional bankruptcies. So yes, I think your point just now underscores that you're thinking clearly about the recovery and how to position Honeywell for that in terms of organic investment. Greg Lewis — Senior Vice President and Chief Financial Officer. Yes. honeywell automation india ltd q2 results News and Updates from The So we have big hopes, and double-digit growth rates are an expectation. As we previewed in May, repositioning was significantly higher than the second quarter of last year, driving a $0.19 headwind below the line. On the topic of M&A, we are pleased to welcome Emily McNeal to Honeywell this quarter as our new senior vice president, corporate development, and global head of M&A, who will be responsible for maintaining and building our robust pipeline of acquisition opportunities that are strategically well positioned to accelerate Honeywell's growth. We are also continuing to see record-level demand for respiratory masks and other personal protective equipment. With that, I'd like to turn the call back to Darius. The timing of that can't be exactly perfectly called. Or how -- what else would you say about that? So overall, pretty much aligned with our expectations. So that's kind of how we're thinking about our math for the rest of the year. Yes. I mean, can you help us size it a little bit? No, that's right. In terms of some of the growth drivers, I mean, obviously, it's energy savings, it's security, it's a coherent interface so that building owners or maintainers can understand what's going on. So this alliance, we started out in buildings, but I think it's -- I think we have much broader opportunities. Get Honeywell Automation latest Half Yearly Results, Financial Statements and Honeywell Automation detailed profit and loss accounts. I do expect our fixed cost to be pressured sequentially in the third quarter as the permanent reductions begin to replace the benefits of the more temporary actions. Tuesday, March 10, 2020 8:00 AM ET J.P. Morgan ... Q2 2020 Honeywell Earnings Conference Call Presentation. But our plan here, though, is to show improvement from this number going forward. Now we -- they've pulled back their schedules a bit in August. Accordingly, we are continuing the suspension of full-year guidance until the economic environment stabilizes and we can once again give reliable and comprehensive forecasts. Honeywell to Release Fourth Quarter Financial Results and Announce 2020 Outlook During Its Investor Conference Call on Friday, ... KIPIC Selects Honeywell As Main Automation Contractor For The Middle East's Largest Integrated Refinery Complex ... Honeywell Announces Results Of The Private Exchange Offer For Its 3.812% Notes Due 2047 We remain cautious heading into the second half of the year as there are still many unknowns. A combination of volatility in oil prices, coupled with the uncertainty stemming from the global pandemic, has continued to put pressure on our businesses linked to oil and gas. Our next question comes from Julian Mitchell with Barclays. Every few years Honeywell closes a plant when they have used up all the people in the community and nobody else will apply for work there. I mean, I think we're always going to see some level -- we hope to see some balance, right? I want to thank our shareowners for their continued support of Honeywell. Honeywell Automation India Limited NSE Symbol:HONAUT, BSE Security Code:517174 has declared its 2nd(second) quarter unaudited standalone financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21. We funded over $250 million in repositioning, and we identified significant additional actions to align our cost base to the current environment in 2020 and 2021. Steve Tusa — J.P. Morgan — Analyst I mean if you think about HBT and PMT, they were down in the teens is the way to think about it. They may not be in Q3, but I would expect the 1 -- we talked about 1.4 billion to 1.6 billion as a range with 700 million already achieved in the first half of the year. The order growth in Intelligrated is pretty dramatic and not a total surprise, but they're big numbers. And a slowdown in original equipment build rates, in addition to the 737 MAX impact in air transport, impacted commercial OE more broadly. So pleased about the results there. The magnitude of the actions areas seem pretty substantial. But I also have to be realistic, and we have to be realistic, that we don't think that this is a quarter or two phenomenon in Aerospace. We exited the first quarter in an incredibly strong position on the balance sheet, and we took additional actions during the quarter to further bolster our financial flexibility. And we only spent about 370 million in the first half. 3/10/2020. Correct? Items & Tax, Promoters and Promoter Group Shareholding, - Per. Our total Honeywell backlog actually is up 3%, and even the PMT backlog is up 2%. So that's an evolution in our HBT strategy, and I think we're going to -- it's going to be that much more effective because we're going to be that much closer and more intimate with those customers and their needs. Yes. ET. In UOP, sales were down 25% organically driven by declines in gas processing, lower licensing and lower catalyst shipments due to weakness in the oil and gas end market. People are traveling. Maybe just the first question around the free cash flow. Our commercial original equipment business will continue to be impacted by lower air transport OEM build rates and lower business jet demand due to the economic slowdown. As a result, we ended the quarter with $15.1 billion of cash and short-term investments on the balance sheet and a net debt-to-EBITDA ratio below one. Honeywell International last posted its quarterly earnings results on October 30th, 2020. Would the goal be to, kind of on the way up, leverage at -- when things normalize, kind of leverage at the -- a number that's comfortably above that? Are you looking out at the M&A landscape and your balance sheet and thinking this is the right time to go ahead and start to upscale the portfolio through acquisitions as you try and position yourself for the next upturn? When we bought Intelligrated, it was roughly 8 to $900 million business per year. This quarter, EPS is adjusted to exclude the favorable resolution of a foreign tax matter related to our spin-off transactions in 2018. We are open to deploying capital to share repurchases and M&A investments in the second half of the year if attractive opportunities become available. And that's very much part of our thinking. We remain committed to continuing Honeywell's long legacy of innovation and we are continuing to invest in our future in good times and bad. No. But realistically, it's probably not going to get back to the 2019 levels until at least 2022 or maybe even a bit later. So that was like 150 million, 170 million. Can you actually satisfy that demand without incurring some extraordinary kind of costs around maybe overtime or --, Well, I mean, that's -- I mean, you heard Greg discuss this. We are closely watching several key drivers of uncertainty in the third quarter. and promoter group). ... and Waldron outlined that Honeywell would end 2020 manufacturing 25 times the number of masks it started the year with. So we know what we're going to do there. I mean, I think -- look, I mean, 33%, given the sudden kind of stop in our business, I actually view is pretty good, given that we have aerospace exposure and oil and gas exposure. So this year, if you think about back to when we originally did our outlook call early in the year for 2020, we had about a $900 million capital budget. 3/6/2007. This will be especially useful as buildings come back online in the midst of the COVID-19 pandemic and economic crisis as building owners are expected to focus on key performance indicators tied to enhanced occupant safety and reduced operating costs. I mean, I think the segment for UOP that was the most challenged is our gas processing segment, which obviously is closely tied to the unconventional gas production in -- primarily in the U.S. And as you know, that's very challenged, so we saw some pretty big drop off. You're making that push on the organic side. We are committed to holding share count approximately flat to the second quarter for the remainder of the year at a minimum. Analysts: Scott Davis — Melius Research — Analyst. We are well positioned to manage through challenging times with our balanced portfolio, track record of execution and a strong balance sheet. Mark Bendza - Vice President-Investor Relations. So I think this would be our best cash quarter of the year. But I think there's -- so that's sort of -- hopefully, that gives you some color. Honeywell International (NYSE:HON) Q2 2020 Results Earnings Conference Call July 24, 2020 8:30 AM ET. And I don't think it's crazy to think that we may even have a certified vaccine before the end of the year this year now, then we also have to think about the distribution timing and so on. We also expect ongoing headwinds for our products businesses and process solutions, causing decline in field services -- in field devices and thermal solutions. We think it's going to be a modest, very modest impact. Unless otherwise noted, the cost action plans described herein are not final. Copyright © Ltd All rights resderved. And Scott, I think this is an important data point I just want to give you, and I think it's one to remember. Good morning, and welcome to Honeywell's second-quarter 2020 earnings conference call. So I think that that's going to be respectable performance. I mean, I think that's kind of going to be the formula going forward. Benchmarks . I mean, they were significantly down. I think Aero is the toughest to call because of the uncertainty around the mix that I talked about, particularly in air transport aftermarket, which is, as you can imagine, a very interesting and higher-margin revenue stream. So I think it's a little bit too early to call exactly what that -- our staffing may look like at year-end. I'm just curious whether that's changed at all and what you're seeing along those lines. And we booked over $300 million of repositioning. We acted quickly and responsibly to make structural changes to our cost base during the quarter. Is Defense & Space -- I'm not asking about the end market outlook, but -- so there is a very sort of basic cash outlay dynamics by the Department of Defense to you guys on existing programs. Q3 20 Guidance. In Performance Materials and Technologies, sales were down 17% on an organic basis. Now let me turn it over to Greg on Slide 4 to discuss our second-quarter results in more detail, as well as to provide our views on the third quarter. So that's been the strength for our business in Aerospace in Q2. #PROFITSINSTOCKS #BUYSTOCKS #q2fy21results HONEYWELL AUTOMATION LTD Q2 FY 21 RESULTS Subscribe my channel and click the icon bell for all the updates daily. Which is obviously the upper end of the markets. I am proud of the quick mobilization by employees throughout the company to rapidly innovate and provide solutions for both urgent and long-term customer needs. CHARLOTTE, N.C., July 24, 2020 -- Honeywell (NYSE: HON) today announced results for the second quarter of 2020, which were significantly impacted by the COVID-19 pandemic and oil price volatility. From an end market perspective, dynamics in the air travel industry, including flight hours, retirements and used serviceable materials, as well as oil price volatility and capex and opex budgets, which affect our PMT business, are not stable yet at this point. We recently announced our partnership with SAP to create a joint cloud-based solution to improve building performance based on Honeywell Forge and the SAP cloud platform. In HBT, while we do expect access to customer sites to improve in some regions in the third quarter, the current environment of nonresidential projects in multiple verticals have paused, and customers are deferring nonessential spending, impacting the timing of long-cycle building solutions projects and delaying purchases of security, building management and fire products. So we're sizing the business for that kind of a reduction. One last one, just getting at the cost discussion in a bit of a different way. You will find a bridge of our EPS in the appendix of this presentation. It doesn't sound like you want to answer that part of the questions --. I mean, I think the only -- Jeff, the only unknown is sort of timing because the permanent ones, the timing isn't perfectly predictable, and some of it may move sooner, some of it may move later. The company raised its 2019 sales and earnings guidance. I guess following up on that, how should we think about capital deployment from here? No, that's fine. OK. Fair enough. I mean, like, a couple of points. In Aerospace, we are helping to provide a safer and healthier travel experience with ultraviolent cabin cleaning system. Obviously, in Aero, they were down mid-double digits. Yes. 6/9/2020. John Inch -- Gordon Haskett Research Advisors -- Analyst. It's closer to double digit. So that is very much part of our thinking and part of our solution. I mean, it's not -- obviously, when -- temporary actions are pretty easy to call because you can sort of unilaterally implement that. Yes, good morning. November 9, 2020 BSE Limited ... Sub: Outcome of the Board Meeting held on November 9, 2020- Unaudited financial results and Limited Review Report for the quarter and half year ended September 30, 2020. I would say maybe last, it's less about masks, but a little bit more about steering the business toward serving the medical segment. Thank you, Lauren. Our air transport aftermarket business was down 56% organically, and our business aviation aftermarket business was down 50% organically in the quarter. It's building occupancy optimization. And any plans to add additional capacity, specifically on N95 in the second half on top of what you have --. So we're doing some studies around the timing required, exposure to UV light required. of prom. Basically, what happens in 2021? However, we effectively managed with the strong operational execution that our stakeholders have come to expect of us. Got it. We will discuss that later on in the presentation. The Honeywell Forge and SAP Cloud for Real Estate solution will streamline and combine operational and business data, enabling customers to benefit from building performance optimization, including reduced carbon footprint and lower energy cost, as well as improved tenant experience. We recognize that these steps are a starting point, not an end, and we are committed to continuing to make progress. We have seen a continued reduction in customer capex and opex budgets, as well as project delays and site access constraints which are impacting the engineering and licensing business in UOP and orders in projects and automation solutions in HPS. Q2 Fiscal 2020 Financial Results Second quarter fiscal 2020 sales were $1,681.3 million, up 1.5 percent from $1,657.2 million in the second quarter of fiscal 2019. You gave us SPS orders. Would that kind of be the high-level goal? Our Phase 1 cost plans delivered approximately $500 million of year-on-year benefit in the second quarter, and we completed planning for a Phase 2 plan. Just some color about really what the upside is in that kind of alliance. This morning, we will review our financial results for the second quarter of 2020 and share our views on the third quarter of 2020. and promoter group), - Per. Thank you, Darius. The $15 billion of cash and short-term investments compares to only $3.5 billion of commercial paper and $800 million of long-term debt coming due within the next year. Could that mean, if you weren't adding capacity, you're taking out 5% of your headcount? No. And if you think about a low to mid-70s reduction year over year in Q2, we kind of estimated Q3 to be something in the, call it, 50s or something of that nature, which actually may be a little bit aggressive. Just again, trying to get a sense of what the future holds. As we expected, this quarter proved to be very difficult. I think -- yes, we've been doing that gradually. You highlighted masks. Hey, good morning guys, there was a lot of fanfare around this SAP Cloud-Forge thing. 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The Honeywell UV cabin system can treat an aircraft cabin in less than 10 minutes for just a few dollars per flight for midsized to large airline fleets, significantly reducing certain viruses and bacteria on cabin surfaces. And unfortunately, the business is going to shrink for a little while. Yes. But I mean, outside of -- putting business jets aside, just looking at the large commercial stuff, I mean, how much of your business is even kind of exposed to that? Now let's turn to Slide 5, and we can discuss our segment results. But overall, the backlog position improved, which I think was a pretty good sign. So this isn't just masks. Fluorine products sales into the automotive end market improved sequentially by month throughout the quarter as automotive plants began to reopen. And maybe you can back up a little bit. For the second quarter, sales declined by 18% organically as the effects of the pandemic spread across the globe. So obviously, orders actually kind of came in more or less where we expected them to do. Note that elements of this presentation contain forward-looking statements that are based on our best view of the world and of our businesses as we see them today. So $250 million of incremental capex that we never had in our budgets. HBT's segment margin expanded 50 basis points in the second quarter driven by commercial excellence and cost actions to improve productivity, which offset the impact of lower sales volumes. Easy fix, close the plant move to new area start all over again. And then finally, in ATR, that one is the toughest to call. Honeywell Automation Colleges are located internationally throughout the globe, and deliver E-Learning courses for your training solutions.Whether you are an operator, a process or chemical engineer, a maintenance technician, or the plant manager, the Automation College provides courses that support your role for a required skillset. Despite the challenging times, we are delivering growth in several parts of the portfolio, particularly in defense, Intelligrated and personal protective equipment. The company reported a second-quarter sales decline of 19%, down 18% organic, operating margin of shares (as a % of the total Share Cap. Organic sales in Advanced Materials were down 18% driven by lower automotive refrigerant volumes due to automotive plant closures, offsetting double-digit growth in packaging and composites and electronic materials. And you could very easily see it being sequentially down. Aerospace segment margins contracted 510 basis points driven by lower commercial sales volumes and business mix, partially offset by cost actions to improve productivity. Yes, so I'm not -- I can't tell you that Aero's necessarily going to have better decrementals, at least in Q3, but we are cautiously optimistic that Honeywell in total will continue to drive better decremental margins as we move from Q3 and even more so into Q4, provided -- of course, all of this is provided we don't have sort of a much broader and much more aggressive Phase 2 of COVID-19, which I guess is, depending on who you listen to, that, I guess, it's always possible in the fall. And obviously, permanent reductions. Mark Bendza -- Vice President of Investor Relations. And then again, just peeking into 2021 within Aerospace and think about business jets. As expected, we saw new orders decline significantly in the second half -- in the second quarter as COVID-19 and the oil price volatility led to lower bookings in HPS and UOP. I'm not going to quote you a specific number, Joe. Yes, and that will become much, much clearer 90 days from now as we get through the third quarter. I think that we're going to be making further investments in people, further investments in capacity. And second question. At this stage, we're -- yes, at this stage, we're not expecting a decline in '21 at this point. Because the level of the leisure traveler is actually a little bit better than expected. In addition, we are committed to the following actions. I know when we kind of talked intra-quarter, it seemed like you were a little bit more sanguine about UOP kind of recovering quicker just given miles driven should be fairly more resilient this cycle versus prior cycles. And the good news about that is, even in an environment like we had in Q2, which was an all-time worst for Honeywell, I mean, literally it was probably the worst quarter, hopefully, I'll ever see, 26% growth gives you the kind of traction we're gaining in this segment. RIL (PP) 1,138.40 75.25. Just a question on Defense & Space, which was a highlight in Aero. 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