ABB Continues Its Transformation
ABB Ltd (ABB)
Last abb ltd earnings: 7/25 12:46 am
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US:NYSE Investor Relations:
new.abb.com/investorrelations
Company Research
Source: Business Wire
Delivers higher revenues1, base orders and net income ZURICH--(BUSINESS WIRE)-- FIRST-QUARTER HIGHLIGHTS Revenues up 3 percent1 Base order growth of 2 percent Total orders reflects lower large contract awards; book to bill ratio2 1.07x Operational EBITA margin2 12.1%; solid operating leverage considering 60 bps positive insurance reserve adjustment in 2016 Net income $724 million versus $500 million; operational EPS +1%3 Cash flow from operating activities $509 million reflects delay of incentive payments caused by the South Korea case Active portfolio management: high-voltage cables divestment closed, B&R acquisition announced April 4 Commercial launch of ABB AbilityTM “ABB delivered its second consecutive quarter of revenue growth. Underlying operational perf
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