Manufacturers Doing Better Than Expected Against Coronavirus

****** **** ******, ** ***** ********** and ****** ** ************ ******** ** show **** ** ***** ** ***** now, ** *** ********.

Executive *******

** *** **** *****, *** ********* has ******** ****** *** **** ******** for **** *************.

*** ****** */*** ** *********, **** report '******' ** '****' ********** **** Coronavirus ** *** ****** ******* ****:

*******, */**** ***** ****** *********** ******** and ******** ************.

Contrast **** ***********

*** ****** *** **** ************* *** been****** **** ************** **** ************* ******** ** ******** and ********* ** ***-*****.

Impact ****, *** ******* *****

**** ******** **** ***** *** ******* dip *** **********, *** ******* ******* and **** *** **** *** *****'* forecasts, *** ********* ** ******* ******.

******* ********* **** **** ***** ******** and ********* ********* ******** ******, *********** adjustments, *** '**** **** ****' ******** have ******** *** ****. ** ***** cases, *********** ********* *** **** ******** created ** *********** ** ********** ******** while ********* **** *****:

• "****, ***** ********* **********, ********* ** place ******, ****** **** ******** ******* demand ** **** ****** **** * reduced ***** ** ********** ***** ****** their ********. ** **** ******** ***** production ************ (** *** **** **** we *** ****** *** ********) *** bring **** **** ******* ** *** our ***** ********."
• "********* ********** ******** ************* ** ****** frayed ********."
• "***** **** **** **** *********** ******** that **** **** *******, ********** ** the *-** ********. **** ******** **** remained ** ******. * **** *** several ********* ******* **** **** *** starting ** **** ***** ****** ** employees ****** ** **** **** *** collect ************. ***** ***** ** **** in!"
• "****** *** ********** ** *********** ******** projects **** ******* *************. *******, ******** departments ********* ** ***** ********* ** decide ** *** ********** ** **** get ********* **** **** ******* *** exponentially ******."
• "*** ** *** ******** ** ********, our ******* ***** ****** ****** *** relatively *** ****, *******, ****** ***** 60-90 **** *** *** ********* ** be *** ** **%."
• "********** ******** ** ***** ****** *** country, ***** *** ***** ***** *** of **% ****** ******* *** **% on *****. **** ** ********* ****** the ******* ** ****** *** * lot ** **-**** ********. **** ** quoting *** ****** ********."
• "**** ***** ******** ** ****** **** distributors. ************ ******* **** *****, *** not ********* **** ***. ****** *********** being ****** ** *** ** ****. Purchase ****** ******* ** ***** *** on ****. *** ******** ** ********* surprisingly **** ***** ********, ** ****** all ** *** ***** *** **** remotely. *** ********** ******* *** ********* with * ******** ***** *** ********* services *** ******* ****** ****, **** minor ******. ***** ******* *** ****** half **** **** ***** ******** ** in *****. *** **** ** ***** perhaps, *** ** **** *** * long **** ****** ***** **** ** thereafter."
• "** * ************ ***, ******* ***** support ** ** **** *** ***. However, ******** *** ******** ***** *** up. ************ ***** *** **, ****** free **** ** **** **** ******* and *********. ****** *** ** **** pending ******** ******. ******* ****** ********* when *****-** ******, * ***** ** projects **** ********."

Situation ******, ***** ***** *******

***** ****** '****' ** '******' **** share **** ** **** *****, *** negative ******* **** *** **** ** bad ** ********* ******.

***** ******* ****** *** **** ******, some ********** * ***** ******* *** the **** ******** ** ****** **** is *** ** ******:

• "**** **** *** ***** ****** **** the **** *** ************* ****** **** forecasted. ***** ****** ** ** ** adjustment ****** ****** *** *** ******** to ***** *** **** *** *** normal. **** **** ******** *** ********* from *** *** ** *** **** week ** *****. ******* ** *** US **** ********* ********* **** **** other *** ** **** *******, ****** customers **** ********* ********* **** **** other. **** *******/*********** *** ******** *** even ****** ***** ****** **** **** down **********. ** ****** ** ****** on *** ******* ********** ********* *******, planned, ************, *** *******."
• "** **** **** * *** ****** in *** ****** ** ************* ** do ****** * ****. *** ****** of ********** *** ********* *** ******* they *** ** *** ******* **** have ****** ******** ******* ** ********** has *********."
• "****** ** ********* *** ** **** make ** *** *** ******* **** things **** **** **, *** ** projects **** ******* **** ****-**-**** ******."
• "** *** ******. ***** *** *** go **** **** ** *****. *** the ***** ******* ********** **** **** down ** **%. ** ********** ******* during *** ***** **** ** ***** and ******* ****** ***** **** *****."
• "***** *** * ****** **** *****, and ***** ***** ** ***** **** better. * ***'* ******* **."
• "***** **** ********** ******, *** **'* made ***** ** ******* *********, *** it's ******* **** ** *** ** I ***** **** ********** *******."
• "**** ** ** ******, *’* ****** less ******** **** *********** *** ***-***** such **** **** *** ********* ** meet **-******. ****** **** ********, *’* even ******** ** ********** *** **** again **** ** *********, ** ***** with *** **** *** ***’* ****** subscribe ** *** ******** *** *** is ******* **. *-** ******** ******** to ******, *** ***** ** *** evidence **** **** ********* *** *********** institutions *** ***** **** ** ******** their ********. ******** *** ********** ******** projects *** ******** *** ********, ********* because ***** ********* *** ***** ***** now, ***/** ******** ***** ** **********."
• "***** ***** **** *****, ** **** pivoted *** "** ** ******" ******** while ****** ******* **********."
• "******** ************ **** ** ****. ***** working ** **** **** ******** *** projects ****** **** ****, **** ***** of *** ******** ******* ** *********** and ********** ******* ** ** **** secure, ** ****** **** ******** ** usual."
• "** ** **** ******** - ***** in ** & ******* **** ************* dropped. *******, *** ***** *** *** Plains ****** **** * ******** **** down. ** ******* ** **** *** been ** **** ** **** / No ****** *** *-***** *** ***** over *** **** *** ***** *** just * ******** ** ***** ********. Texas / ** *** *** * much ******* "**** ****" *** ***** are ****** **** *** ***** ****** for *** ***** ** *** *** Quarter."
• "***** **** ******* ** *** ********* of *** ****. ** ***** **** bit ** *** ** **** *** goes **. ***** *** ** ******, April *** **** *** ***** *** bad. *** & **** ******* **** as *** ****** *******. **** *** not ******** (** ***) **** ****** out. **** ** *** ******** *** concerned **** **** ** **** **** they **** *** **** *** ******** to **** *** **** ** ******. I **** **** ****'* *** ***** problem **'** ****..."

Still ***, ********** ** ************* *****

*******, *** ******** ** ************* *** still ********** ** ************* ******** *** are ******* *** ******** ** ********.

******* ***** **** ***** ***** **** up *** ******** ****** *** ****** lifted *** ******** ******* ** ***-**** sites, **** ****** ******** ** ********:

• "******** ***** *** *********** *** ** business."
• "**** ** *** ********* *** ******* so ******* ** **** ******* **** are ********** ** **** *******, *** as * ******, **** *** *** purchasing, *******, ** ********** ** *** sales *** ********* *******. **'* **** frustrating, *** ************ ***** *** ****** economic *********."
• "*** ********** **** ** *** ******** has **** ********* ******."
• "* ** **** ****** **** *** Architects *** ********* *** *** *******/********** nearly ** **** ******** ** **** previously ****. **** ***** ** **** 6-18 ****** **** *** **** ***** are *** ***** ** ** **** new ******** *** *** *** *********** for ******** ** ***** ** *** extremely ******. * ** **** ****** many ***-***** ****** ******* ********* *** postponing ******** **** *** **** ******* been ******** *** *******, *********, ***** will **** ****** *******, *** ** is *** ******* ** ** **** are ***** **."
• "********* ** *********** *** ******* ******* at ***** **** *** *** ******* as ******** **************."
• "********* ********* ** ******* ***** *** existing/new ********, ********* ** *** ******* receivables, ********* ** ****** ** *** projects ***** **** ***** ********** *** direction ** ***** *******. *** *********** of ***** ******** ******** (*** ** COVID-19) **'* **** ******* **** ** hesitation **** ** ***** ** ********* in ***** ************ ********. "
• "******** *** ** ****; ******** ** replacement ******** ** ****. *** ******** that **** ******* ***** ** *** in '**********' ******** (*.*., ******* **. restaurants) **** ******* *** ******* *** still *****. ******** ******* *** ******* from ******** *************. ********* ********* **** problems ** ***** ********* **** ** involves ******* ** ** **-**** - face-timing ***** ******** ****** ***** ******** the ****** ** * *********..."
• "**** ** *********** **** ********, **** aren't ****** **** ***, ******* *** users ****'* ****** **** ********. ** they ***'* **** *********** ********* *** money *** *** ******** ** **** aren't ******* *** ***** **** **** their *******."
• "******* *******, **** *** *** *****"
• "*** ***** ******** *** ** ****. Most ***** *********** *** **** ***** service ****."
• "**** **** ** *** ******, ******* vertical ****** *** ***** *** ******* projects ** **** ************ *** ** the *****."
• "******* ********* ** ********, *********** **** will ** ****, ******* ****** *** decisions."
• "*** ***** ** ****** ***-***** **** halted. **** *** ************ *** ******* or ******."
• "*********** *** ******** ********* *****"
• "******** *** ********; **** **** **** pushed *** ***** ****** *** **** certain. ******** ***** ********* ******."
• "************ ** **** ** ****** ** sites *** ******/ ****** ** *************. Deferred "***-*********" ******** ** *** *** projects."
• "***** *********** ******** ** *** ***** back-filled ** *** ******** ********* ***** processed *** **** ** *** ******** prior ** ********. ******* ***** *** rest ** *** ****** *******."
• "** **** *** *************. *** ** looking *** **** ** *** **** remote ******** **** *** ********** ******."
• "**** **** ** *** ******, ******* vertical ****** *** ***** *** ******* projects ** **** ************ *** ** the *****. "
• "- ******** ******* - ******** ******** - **** ******** (*******) *** ***** moved ** ** **** ******* ******* have **** ***** ***** ***** ***** - **** ******* *********** **** *********** closed *** ** *****-** - **** end-users ******* **** ****, *** ** can't **** *********"
• "******* ********* ** ********, *********** **** will ** ****, ******* ****** *** decisions"

Thermal ** ****

***** ***** ** ******* *******, ******** of ******* *******, ************ ***** **** for **** *********** ************ *** **** significant ********.

**** ************* **** ********* ********** *** ethical ******** ***** ***** ******* ** deal **** *********** *****:

• "**'** ******* * *** ** ********* about ******* ******* *** ***** *********** for ***** *********."
• "*** *********** ** **** ********* **** other ************ **** ******* *** **** soon ** *** **** **** ******* promises ** ******* **** ****** **** (not ****) ***********. ****** ********."
• "*** ***** *** ****** ******* ** purchasing ******* ******* ** **** **** on **-******* *****. **** ****-******** ******** and ************ *********** *** ***** ********* by ****** ********** ** "** *********". Focus ** ** * ********** ** taking *****, ****** **** ****** *** time ** ***** * ********** *** technologically ***** ********."
• "*** ****** *** ************* ******* *** occupancy ******* *********. **** *** ******** are ******* ** *********** ****** ******** and ****** ********. **** *** ***** projects *** ****** ************ ***"
• "******* ******* **********, *** **** *** Body **** *** *********"
• "** *** ******* * *** ** integrators ****** *** *********** ********* ******* camera ********* *** * ******* ** applications **** ****** ** ********** ** municipalities."
• "******** ********* **** *** *** *********** about ******* ******* ***** **** ** measure *** *********** ** ********* *** visitors ***** *** ***** *** ** the **** **** *****'* **** *** fidelity ** ** **** **** (***** positives *** ***** *********)"
• "******** **** ********* ***** **** *******, Holding *** **** ** *** **** that ** *** *** *** ******** and ********* ** *&* ** *** some ********* ********* **** *** *** compliant ** *** ******. **** *** Users ****** ***** **** ******* *** being **** **** ** ***** ***** departments *** **** * **** ** a **** ******."

*******

*** ********* *** ********** *** ****** for ***********, *** ** (**** ****) are ******* **** ****** ** * rebound.

******* **** *** ********* ** ******* no ***** *** **** ********* *** some ***** **** ***** * ***** recovery *** *** ** ********, ******* improvement *** ** *** ********* **** see ** *** ****** *****.