Manufacturers Doing Better Than Expected Against Coronavirus

****** **** ******, ** share ********** *** ****** of ************ ******** ** show **** ** ***** on ***** ***, ** the ********.

Executive *******

** *** **** *****, the ********* *** ******** stable *** **** ******** for **** *************.

*** ****** */*** ** responses, **** ****** '******' or '****' ********** **** Coronavirus ** *** ****** results ****:

*******, */**** ***** ****** significant ******** *** ******** consequences.

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

*** ****** *** **** manufacturers *** ********** **** ************** **** ************* ******** by ******** *** ********* by ***-*****.

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

**** ******** **** ***** the ******* *** *** noticeable, *** ******* ******* and **** *** **** few *****'* *********, *** situation ** ******* ******.

******* ********* **** **** while ******** *** ********* initially ******** ******, *********** adjustments, *** '**** **** home' ******** **** ******** the ****. ** ***** cases, *********** ********* *** site ******** ******* ** opportunity ** ********** ******** while ********* **** *****:

• "****, ***** ********* **********, continued ** ***** ******, albeit **** ******** ******* demand ** **** ****** with * ******* ***** of ********** ***** ****** their ********. ** **** increase ***** ********** ************ (in *** **** **** we *** ****** *** increase) *** ***** **** more ******* ** *** our ***** ********."
• "********* ********** ******** ************* to ****** ****** ********."
• "***** **** **** **** significant ******** **** **** been *******, ********** ** the *-** ********. **** projects **** ******** ** course. * **** *** several ********* ******* **** they *** ******** ** have ***** ****** ** employees ****** ** **** home *** ******* ************. Crazy ***** ** **** in!"
• "****** *** ********** ** traditional ******** ******** **** dropped *************. *******, ******** departments ********* ** ***** companies ** ****** ** the ********** ** **** get ********* **** **** offices *** ************* ******."
• "*** ** *** ******** of ********, *** ******* sales ****** ****** *** relatively *** ****, *******, future ***** **-** **** out *** ********* ** be *** ** **%."
• "********** ******** ** ***** across *** *******, ***** and ***** ***** *** of **% ****** ******* and **% ** *****. Lots ** ********* ****** the ******* ** ****** but * *** ** on-hold ********. **** ** quoting *** ****** ********."
• "**** ***** ******** ** orders **** ************. ************ winding **** *****, *** not ********* **** ***. System *********** ***** ****** to *** ** ****. Purchase ****** ******* ** being *** ** ****. Our ******** ** ********* surprisingly **** ***** ********, as ****** *** ** our ***** *** **** remotely. *** ********** ******* are ********* **** * skeleton ***** *** ********* services *** ******* ****** well, **** ***** ******. Sales ******* *** ****** half **** **** ***** normally ** ** *****. May **** ** ***** perhaps, *** ** **** see * **** **** steady ***** **** ** thereafter."
• "** * ************ ***, outside ***** ******* ** on **** *** ***. However, ******** *** ******** calls *** **. ************ calls *** **, ****** free **** ** **** with ******* *** *********. Orders *** ** **** pending ******** ******. ******* mildly ********* **** *****-** passes, * ***** ** projects **** ********."

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

***** ****** '****' ** 'better' **** ***** **** in **** *****, *** negative ******* **** *** been ** *** ** initially ******.

***** ******* ****** *** have ******, **** ********** a ***** ******* *** the **** ******** ** future **** ** *** to ******:

• "**** **** *** ***** better **** *** **** and ************* ****** **** forecasted. ***** ****** ** be ** ********** ****** needed *** *** ******** to ***** *** **** the *** ******. **** week ******** *** ********* from *** *** ** the **** **** ** March. ******* ** *** US **** ********* ********* from **** ***** *** in **** *******, ****** customers **** ********* ********* from **** *****. **** dealers/integrators *** ******** *** even ****** ***** ****** have **** **** **********. It ****** ** ****** on *** ******* ********** companies *******, *******, ************, and *******."
• "** **** **** * big ****** ** *** number ** ************* ** do ****** * ****. The ****** ** ********** now ********* *** ******* they *** ** *** knowing **** **** ****** security ******* ** ********** has *********."
• "****** ** ********* *** we **** **** ** the *** ******* **** things **** **** **, due ** ******** **** delayed **** ****-**-**** ******."
• "** *** ******. ***** did *** ** **** even ** *****. *** the ***** ******* ********** rate **** **** ** 40%. ** ********** ******* during *** ***** **** of ***** *** ******* better ***** **** *****."
• "***** *** * ****** good *****, *** ***** ended ** ***** **** better. * ***'* ******* it."
• "***** **** ********** ******, and **'* **** ***** by ******* *********, *** it's ******* **** ** bad ** * ***** have ********** *******."
• "**** ** ** ******, I’m ****** **** ******** from *********** *** ***-***** such **** **** *** unwilling ** **** **-******. During **** ********, *’* even ******** ** ********** and **** ***** **** my *********, ** ***** with *** **** *** don’t ****** ********* ** the ******** *** *** is ******* **. *-** projects ******** ** ******, but ***** ** *** evidence **** **** ********* and *********** ************ *** being **** ** ******** their ********. ******** *** healthcare ******** ******** *** prolific *** ********, ********* because ***** ********* *** empty ***** ***, ***/** hospital ***** ** **********."
• "***** ***** **** *****, we **** ******* *** "go ** ******" ******** while ****** ******* **********."
• "******** ************ **** ** week. ***** ******* ** long **** ******** *** projects ****** **** ****, some ***** ** *** business ******* ** *********** and ********** ******* ** be **** ******, ** pretty **** ******** ** usual."
• "** ** **** ******** - ***** ** ** & ******* **** ************* dropped. *******, *** ***** and *** ****** ****** have * ******** **** down. ** ******* ** Ohio *** **** ** Stay ** **** / No ****** *** *-***** and ***** **** *** last *** ***** *** just * ******** ** usual ********. ***** / GA *** *** * much ******* "**** ****" and ***** *** ****** what *** ***** ****** for *** ***** ** the *** *******."
• "***** **** ******* ** the ********* ** *** this. ** ***** **** bit ** *** ** each *** **** **. March *** ** ******, April *** **** *** still *** ***. *** & **** ******* **** as *** ****** *******. Jobs *** *** ******** (so ***) **** ****** out. **** ** *** partners *** ********* **** this ** **** **** they **** *** **** the ******** ** **** the **** ** ******. I **** **** ****'* the ***** ******* **'** have..."

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

*******, *** ******** ** manufacturers *** ***** ********** to ************* ******** *** are ******* *** ******** of ********.

******* ***** **** ***** sites **** ** *** lockdown ****** *** ****** lifted *** ******** ******* to ***-**** *****, **** expect ******** ** ********:

• "******** ***** *** *********** out ** ********."
• "**** ** *** ********* are ******* ** ******* to **** ******* **** are ********** ** **** survive, *** ** * result, **** *** *** purchasing, *******, ** ********** to *** ***** *** marketing *******. **'* **** frustrating, *** ************ ***** the ****** ******** *********."
• "*** ********** **** ** the ******** *** **** virtually ******."
• "* ** **** ****** that *** ********** *** Engineers *** *** *******/********** nearly ** **** ******** as **** ********** ****. This ***** ** **** 6-18 ****** **** *** that ***** *** *** going ** ** **** new ******** *** *** the *********** *** ******** is ***** ** *** extremely ******. * ** also ****** **** ***-***** within ******* ********* *** postponing ******** **** *** have ******* **** ******** and *******, *********, ***** will **** ****** *******, but ** ** *** looking ** ** **** are ***** **."
• "********* ** *********** *** install ******* ** ***** that *** *** ******* as ******** **************."
• "********* ********* ** ******* funds *** ********/*** ********, unwilling ** *** ******* receivables, ********* ** ****** in *** ******** ***** they ***** ********** *** direction ** ***** *******. The *********** ** ***** national ******** (*** ** COVID-19) **'* **** ******* lots ** ********** **** it ***** ** ********* in ***** ************ ********. "
• "******** *** ** ****; purchase ** *********** ******** on ****. *** ******** that **** ******* ***** or *** ** '**********' segments (*.*., ******* **. restaurants) **** ******* *** reduced *** ***** *****. Problems ******* *** ******* from ******** *************. ********* customers **** ******** ** super ********* **** ** involves ******* ** ** on-site - ****-****** ***** checking ****** ***** ******** the ****** ** * nightmare..."
• "**** ** *********** **** projects, **** ****'* ****** them ***, ******* *** users ****'* ****** **** invoices. ** **** ***'* feel *********** ********* *** money *** *** ******** if **** ****'* ******* the ***** **** **** their *******."
• "******* *******, **** *** new *****"
• "*** ***** ******** *** on ****. **** ***** integrators *** **** ***** service ****."
• "**** **** ** *** seeing, ******* ******** ****** end ***** *** ******* projects ** **** ************ due ** *** *****."
• "******* ********* ** ********, uncertainty **** **** ** next, ******* ****** *** decisions."
• "*** ***** ** ****** end-users **** ******. **** new ************ *** ******* or ******."
• "*********** *** ******** ********* funds"
• "******** *** ********; **** have **** ****** *** until ****** *** **** certain. ******** ***** ********* events."
• "************ ** **** ** access ** ***** *** trials/ ****** ** *************. Deferred "***-*********" ******** ** any *** ********."
• "***** *********** ******** ** not ***** ****-****** ** the ******** ********* ***** processed *** **** ** the ******** ***** ** lockdown. ******* ***** *** rest ** *** ****** quarter."
• "** **** *** *************. But ** ******* *** ways ** *** **** remote ******** **** *** monitoring ******."
• "**** **** ** *** seeing, ******* ******** ****** end ***** *** ******* projects ** **** ************ due ** *** *****. "
• "- ******** ******* - Projects ******** - **** projects (*******) *** ***** moved ** ** **** because ******* **** **** empty ***** ***** ***** - **** ******* *********** have *********** ****** *** to *****-** - **** end-users ******* **** ****, and ** ***'* **** decisions"
• "******* ********* ** ********, uncertainty **** **** ** next, ******* ****** *** decisions"

Thermal ** ****

***** ***** ** ******* results, ******** ** ******* cameras, ************ ***** **** for **** *********** ************ has **** *********** ********.

**** ************* **** ********* skepticism *** ******* ******** about ***** ******* ** deal **** *********** *****:

• "**'** ******* * *** of ********* ***** ******* cameras *** ***** *********** for ***** *********."
• "*** *********** ** **** customers **** ***** ************ will ******* *** **** soon ** *** **** FAKE ******* ******** ** cameras **** ****** **** (not ****) ***********. ****** terrible."
• "*** ***** *** ****** focused ** ********** ******* cameras ** **** **** on **-******* *****. **** well-informed ******** *** ************ departments *** ***** ********* by ****** ********** ** "do *********". ***** ** on * ********** ** taking *****, ****** **** taking *** **** ** build * ********** *** technologically ***** ********."
• "*** ****** *** ************* cameras *** ********* ******* analytics. **** *** ******** are ******* ** *********** social ******** *** ****** measures. **** *** ***** projects *** ****** ************ now"
• "******* ******* **********, *** only *** **** **** but *********"
• "** *** ******* * lot ** *********** ****** for *********** ********* ******* camera ********* *** * variety ** ************ **** retail ** ********** ** municipalities."
• "******** ********* **** *** the *********** ***** ******* cameras ***** **** ** measure *** *********** ** employees *** ******** ***** the ***** *** ** the **** **** *****'* have *** ******** ** do **** **** (***** positives *** ***** *********)"
• "******** **** ********* ***** Temp *******, ******* *** line ** *** **** that ** *** *** FDA ******** *** ********* in *&* ** *** some ********* ********* **** are *** ********* ** the ******. **** *** Users ****** ***** **** Reading *** ***** **** down ** ***** ***** departments *** **** * feel ** * **** reason."

*******

*** ********* *** ********** hit ****** *** ***********, and ** (**** ****) are ******* **** ****** to * *******.

******* **** *** ********* is ******* ** ***** and **** ********* *** some ***** **** ***** a ***** ******** *** not ** ********, ******* improvement *** ** *** situation **** *** ** the ****** *****.