ABB: Q3 2020 Results
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
Strong underlying performanceOrders $6.1 billion, -9%; comparable -8%1 Revenues $6.6 billion, -4%; comparable -4%Income from operations $71 million; margin 1.1%Power Grids gain of $5.3 billion, pre-tax, recorded in discontinued operationsOperational EBITA1 $787 million; margin1 12.0%Net income $4.5 billion, +780%, including Power Grids gainBasic EPS $2.14, +785%2; operational EPS1 $0.21, -36%Cash flow from operating activities $408 million, after $273 million negative impact from pensions; resilient cash delivery expected for the full year ZURICH--(BUSINESS WIRE)--“Third quarter revenues in all business areas were still dampened due to the impact of COVID-19, although a strong recovery in China and ongoing cost mitigation efforts supported a strong underlying performance. On the upside, the integration of GEIS and turnaround of Installation Products in Electrification is starting to bear fruit and Motion is performing robustly. Robotics and Industrial Automation, on the other hand,
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