It was another strong quarter as far as wall street is concerned. With the mix of short and long cycle businesses, Honeywell is positioned to continue making their quarter for at least the next two quarters, but then they will have some problems. If you look at their short cycle businesses, they are not performing very well and that will catch up to them. In HBT the distribution business continues to do well, but the products businesses are not doing well. What that means is that Honeywell is showing growth selling their competitors products in the distribution business at substantially lower margins. Our design teams should start looking at what our competitors are doing with their products. I just did a comparison and tested the Lyric against the Nest and I don't know why anyone would buy a Lyric. I personally see more cost cutting for the balance of the year and will be getting my resume updated and sent out as quickly as possible.
Agreed, @Ongfx88-3ksz. As soon as the numbers drop below (unreasonably) expected, and they will really soon, queue more layoffs to bring them back up.