Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
July 22, 2019 12:00 AM

Solstice demand helps Honeywell in first half of 2019

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Morris Plains, New Jersey —  Net sales at Honeywell, which makes polyurethane blowing agents and refrigerants, were $18.12bn in the first half of 2019. This is down 15% on the same period last year.

    Pre-tax income across the business fell by 2.2% to $3.82m in the half. The declines were attributed to business spin-offs.

    The Solstice blowing agents are included in the company's performance materials and technologies business. This division's net sales rose by 1.4% year-on-year, to $5.3bn. This compares with $ 5.23 bn in the same period last year.

    At the same time, pre-tax income in the Honeywell division rose 8.2%. It reached $ 1.21 bn in the first half of 2019. This compares with $ 1.12bn in the same period last year.

    Demand for Solstice low global warming products in the advanced materials market helped the numbers. The company was able to translate some of this into profit, and the segment margin expanded compared with the previous period.

    Honeywell numbers quarter 2019 ( $ bn)
    Group H1 2029 H1 2018 Change %
    Net sales 18.13 21.31 -14.94
    Pre Tax Income 3.82 3.91 -2.17
    Margin % 21 18 15.01
    Performance Materials and Technologies
    Net sales 5.31 5.23 1.43
    Segment Profit 1.21 1.12 8.24
    Margin % 22.76 21.33
    Source: Honeywell
    Recommended for You
    China moves to meet HCFC-141b phase out pledge
    China moves to meet HCFC-141b phase out pledge
    Record half at Kingspan, but orders start to dry up
    Record half at Kingspan, but orders start to dry up
    Tough polyol market takes shine of PCC Rokita in Q1
    Tough polyol market takes shine of PCC Rokita in Q1
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe