Honeywell Exec Says Supply Chain Is Improving Each Quarter, And We Expect To Make Further Progress On Converting Our Past-Due Backlog Into Sales
Portfolio Pulse from Benzinga Newsdesk
Honeywell's executive has stated that the company's supply chain is improving each quarter and they expect to make further progress on converting their past-due backlog into sales.
October 26, 2023 | 1:00 pm
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Honeywell's supply chain improvements and expected progress on converting past-due backlog into sales could potentially boost the company's revenues and positively impact its stock price.
The improvement in Honeywell's supply chain and the conversion of past-due backlog into sales could lead to increased revenues. This, in turn, could positively impact the company's stock price as increased revenues often lead to increased investor confidence and demand for the stock.
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