ABB Has To Deliver Against Higher Expectations [Seeking Alpha]
ABB Ltd (ABB)
Last abb ltd earnings: 7/25 12:46 am
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US:NYSE Investor Relations:
new.abb.com/investorrelations
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Source: Seeking Alpha
SummaryThe hiring of Bjorn Rosengren has noticeably improved sentiment around ABB, but he won't change the deep downturn in Q2 nor accelerate the slower path to recovery for many end-markets.ABB has multiple turnaround/self-improvement needs, including building share in sub-scale markets (or exiting), turning around underperforming business, and driving better margins.ABB shares offer an attractive return from here, but there are cleaner multi-industrial stories that offer similarly attractive returns.The hiring of Bjorn Rosengren asI bullish on what ABBcouldA Better Than Expected, But Still Rough, QuarterLike many multi-industrials, ABB produced a better than expected quarter ahead of what will almost certainly be a horrible set of results in the second quarter (and likely a pretty ugly third quarter too). Revenue beat expectations by 4%, EBITA beat by 15%, and orders beat by 9%. Although results weren’t quite as good as they first appear (which I’ll discuss), I nevertheless think it
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