Industrials came roaring back to life in the second quarter, with Club holdings Caterpillar (CAT), Emerson Electric (EMR), Honeywell (HON), Stanley Black & Decker (SWK) and Linde (LIN) all reporting largely solid results on the back of increased infrastructure spending, reduced costs and improved supply chains. Despite a difficult operating environment given the uncertain state of the global economy, there were bright spots in each company’s quarterly performance for the three months ended June 30. Here’s a breakdown of the results – along with our take, too.
A worker washes a Caterpillar crawler dozer at Ideal Tractor in West Sacramento, California, US, on Monday, Aug. 1, 2022.
David Paul Morris | Bloomberg | Getty Images
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