Honeywell International Inc. on Friday cut its full-year sales forecast, as global supply chain disruptions cause a shortage of parts and components for the U.S. industrial conglomerate. Closed ports due to a resurgence of COVID-19 cases in Asia, aggravated by the fast-spreading Delta variant, and labor shortages have strained global supply chains as well as led to a surge in raw material prices. Honeywell said a shortage of parts had curtailed production in its biggest segment, the aerospace unit. It also said an electronic component shortage was hurting its safety and productivity solutions unit, which houses the automation equipment business used by customers including Amazon.Com Inc. The company cut its full-year sales estimates to between $34.2 billion and $34.6 billion, compared with its prior forecast of $34.6 billion to $35.2 billion to “reflect the persistent effects of the macro-challenged environment.” Analysts, on average, had expected full-year sales of $35.10 billion, …
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