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. Or is there a chance that 2021 can be flat? In Aerospace, we are helping to provide a safer and healthier travel experience with ultraviolent cabin cleaning system. Or how -- what else would you say about that? Yes. That gives you the kind of growth profile that we're seeing in that business. 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. In combination, we expect Aerospace sales once again to be down more than 25% compared to the third quarter of 2019. And keep in mind that we also had some orders back all the way from Q1 that we still filled in Q2. I mean it was great strategic move on your part on respiratory protections. So you had good conversion in Q2. PPE orders were up triple digits for the second consecutive quarter, with strength in the respiratory, head, eye, face, gloves and clothing categories. So overall, pretty much aligned with our expectations. 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. Thank you, good morning everyone. At this stage, we're -- yes, at this stage, we're not expecting a decline in '21 at this point. So our total capex for the year is going to be 900 million even this year. or medium without express writtern permission of moneycontrol.com is prohibited. 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. ... For Honeywell Automation India Limited Farah Irani Company Secretary Encl: A/a . Maybe some early signs around take rate? And then into 2021, we're going to continue to see improvement. And so that may create some challenges in the back half of the year if we start seeing additional bankruptcies. A higher adjusted effective tax rate resulted in a $0.06 EPS headwind compared to last year, partially offset by $0.04 of EPS benefit due to lower share count. We are anticipating that government defense budgets will remain intact, and we expect continued growth in Defense & Space. We have launched new bottles and vials called Aclar Edge that enable ultra-high moisture barrier without the limitations of glass. We expect that to grow again. Our personal protective equipment backlog is now also up triple digits, and our total SPS backlog is at an all-time high. In addition, we are committed to the following actions. Darius or Greg, though, given that some of the stuff is kind of in flight over the course of the year here, just wondering if you could give us a little bit of feel of kind of what the carryover positive effects of this Phase 1 and Phase 2 would be as we look into next year. The company reported a second-quarter sales decline of 19%, down 18% organic, operating margin contraction of 550 basis points, and segment margin contraction of 280 basis points, with … That's because we did do some smart things to reduce capex in places where things were slowing. Or think about what -- how do you get paid for it? 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. Market data powered by FactSet and Web Financial Group. We generated $1.3 billion of free cash flow driven by strong customer collections despite a difficult operating environment. The aftermarket stop here is multiples of what it was in the '08, '09 recession, which really puts a lot of pressure on those type of numbers. 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. Building owners often need to pull data from disparate sources that are not normalized, making it extremely difficult to determine the true efficiency and utilization of their portfolios. In Performance Materials and Technologies, sales were down 17% on an organic basis. Thanks for squeezing me in here. Next question comes from Andrew Obin with Bank of America. You get that on the New York City subway, the economy might actually come back. The second quarter was one of the most challenging quarters Honeywell has ever faced. Thanks, good morning everyone. 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. No. So this isn't just masks. Q2 2020 Honeywell Earnings Conference Call Presentation. See a gradual slow improvement as we move into Q3, Q4. So this alliance, we started out in buildings, but I think it's -- I think we have much broader opportunities. Thank you, good morning everyone. And I totally respect you don't want to kind of give really explicit guidance yet, but the framework here certainly helps. They could care less about long term employees whom give the knowledge, and quality needed. We are laser-focused on the drivers of value that we can control. Deutsche Bank Industrials Conference Presentation. Well, yes, I think the comment was more in total. 6/9/2020. We are capturing new growth opportunities by providing innovative solutions for new customer needs, and our operational rigor will continue to serve us well. John Inch -- Gordon Haskett Research Advisors -- Analyst. And so how should we be thinking about like how much of the benefits are actually coming through in 3Q versus what came through in 2Q? Because the level of the leisure traveler is actually a little bit better than expected. But we effectively managed through the challenges with strong operational execution and cash generation. So I want to go back to your comments around decrementals. Within Advanced Materials, we expect that automotive refrigerant volumes will continue to recover as auto OEM plants increase production and capacity levels. Q3 20 Guidance. What a terrible acquisition. 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. We delivered adjusted earnings per share of $1.26, down 40% year over year as we funded over $250 million of repositioning in the quarter to drive cost savings in 2020 and into 2021. With that said, the impact on customer solvency and aging receivables remains a question mark as well and a potential future risk that we're monitoring. So as we -- the demand is still very robust. I expect that to be probably double that number in the back half of the year, roundabout. The company raised its 2019 sales and earnings guidance. 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. These are challenging times for all. Yes. 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. November 9, 2020 BSE Limited National Stock Exchange of India 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. Now let's turn to Slide 8 to discuss our segment outlook for the quarter. The fact is we're really not sure because we need to kind of see how things evolve in some of the factors I talked about. honeywell automation india ltd q2 results News and Updates from The Economictimes.com. The business had revenue of $7.80 billion for the quarter, compared to analyst estimates of $7.65 billion. ... Q2 2020 Honeywell Earnings Conference Call Presentation. No, that's fine. There are a number of factors beyond our control in the current environment. Just some color about really what the upside is in that kind of alliance. At Honeywell, we're transforming the way the world works, solving your business's toughest challenges. Congrats, Darius and good luck guys wish you the best rest of the year. Items & Tax, Promoters and Promoter Group Shareholding, - Per. 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. I mean, I think we're always going to see some level -- we hope to see some balance, right? We feel like the defense budget, as you highlighted, is still fairly robust. And again, at the midpoint of our 1.4 billion to 1.6 billion, you can kind of use the 1.5 billion number, extrapolate that 60 to 70% from there. So we're optimistic that certainly, there's going to be a solution in the first half of next year, which obviously will stimulate a greater level of air travel. We expect between 125 and $175 million of additional repositioning charges in the third quarter to fund our cost programs. The company reported a second-quarter sales decline of 19%, down 18% organic, operating margin 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. Beyond masks and other PPE, we are innovating to provide creative solutions for new areas of customer demand. You're making that push on the organic side. During the quarter, we completed preparation of a second phase of cost actions to expand permanent census reductions, which we also began executing in June. So I think that that's going to be respectable performance. Yes, and that will become much, much clearer 90 days from now as we get through the third quarter. RIL (PP) 1,138.40 75.25. I mean, they were significantly down. 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? You talked about some restructuring going perhaps in the second half, Greg. At a very high level, how do you think the post-COVID world looks for the categories you play in? So that's been the strength for our business in Aerospace in Q2. But certainly, as we look longer term, this sort of opens up new opportunities for us. Honeywell International's (HON) CEO Darius Adamczyk on Q2 2020 Results - Earnings Call Transcript Jul. 4/20/2007. So we're doing our level best to try to hold our fixed cost flat. These actions helped us protect margins, limiting our decremental margins in the quarter to only 33%. Good morning, and welcome to Honeywell's second-quarter 2020 earnings conference call. 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