U.S. Markets open in 7 hrs 29 mins

Why Honeywell’s Performance Materials Segment Margins Declined

Peter Neil
Why Honeywell’s Performance Materials Segment Margins Declined

In Q3 2018, Honeywell International’s (HON) PMT (Performance Materials and Technologies) segment was the second-largest contributor to HON’s total revenue. The segment’s contribution contracted 0.9 percentage points YoY (year-over-year) to 24.5%, from 25.4%. However, PMT’s revenues rose 2.7% YoY to $2.64 billion, from $2.57 billion.