ABB Ltd.

ABB Ltd. is a technology company, which engages in the development and provision of electrification, motion and automation solutions. It operates through the following business segments: Electrification, Motion, Process Automation and Robotics & Discrete Automation. The Electrification segment manufactures and sells electrical products and solutions which are designed to provide safe, smart and sustainable electrical flow from the substation to the socket. The Motion segment manufactures and sells drives, motors, generators, traction converters and mechanical power transmission products that are driving the low-carbon future for industries, cities, infrastructure and transportation. The Process Automation segment develops and sells a broad range of industry-specific, integrated automation and electrification and digital systems and solutions, as well as digital solutions, life cycle services, advanced industrial analytics and artificial intelligence applications and suites for the process, marine and hybrid industries. The Robotics & Discrete Automation segment delivers its products, solutions and services through two operating Divisions: Robotics and Machine Automation. The company was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.

Earnings data Q2 2024

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ZURICH--(BUSINESS WIRE)--ABB today published the invitation to its Extraordinary General Meeting (EGM) in relation to the proposed spin-off of its Accelleron turbocharging business, which will be held on Wednesday, September 7, 2022. The invitation can be found attached and at go.abb/egm. The EGM will be broadcast live under go.abb/egm, starting at 10:30 am and will be conducted primarily in German. Translation into English will be available. The voting results will be published on go.abb/egm s

Notice of ABB's Extraordinary General Meeting on September 7, 2022

ABB Ltd (NYSE:ABB ) Q2 2022 Earnings Conference Call July 21, 2022 4:00 AM ET Company Participants Bjorn Rosengren - Chief Executive Officer Timo Ihamuotila - Chief Financial Officer Ann-Sofie Nordh - Head of Investor Relations Conference Call Participants Ben Uglow - Morgan Stanley Andreas Willi - J.P. Morgan Mattias Holmberg - DNB Markets Gael de-Bray - Deutsche Bank Guillermo Peigneux - UBS Alexander Virgo - Bank of America Andre Kukhnin - Credit Suisse Ann-Sofie Nordh Greetings to all, and nice to connect again, as I bid you welcome to this presentation of ABB's Second Quarter results.

ABB Ltd (ABB) CEO Bjorn Rosengren on Q2 2022 Results - Earnings Call Transcript

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While the Zacks Manufacturing-Electronics industry's near-term prospects appear murky due to supply chain woes and raw material cost inflation, effective pricing action should aid ABB, EMR, RRX and LGL.

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Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components.

Global manufacturers see chip shortage easing

ABB expects lower inflation in future as commodity prices decline and higher interest rates take an effect, CEO Bjorn Rosengren said on Thursday.

ABB expects inflation to decline as commodity prices ease

ABB reported a 50% drop in shareholders' profit during its second quarter as the Swiss engineering and technology company took hefty charges from exiting fringe businesses and its decision to quit Russia following the war in Ukraine.

ABB Q2 profit plunges on legacy charges and decision to quit Russia

ZURICH--(BUSINESS WIRE)--Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange Orders $8.8 billion, +10%; comparable1 +20% Revenues $7.3 billion, -3%; comparable +6% Income from operations $587 million; margin 8.1% Operational EBITA1 $1,136 million; margin1 15.5% Basic EPS $0.20; -47%2 Cash flow from operating activities $382 million KEY FIGURES                       CHANGE     CHANGE ($ millions, unless otherwise indicated) Q2 2022 Q2 2021 US$ Comparable1 H1 2022 H1 2021

ABB: Q2 2022 Results

ZURICH--(BUSINESS WIRE)--Following a decision by its Board of Directors, ABB today announces its intention to spin off Accelleron (formerly ABB Turbocharging), its market-leading turbocharging division, by way of a dividend in kind of Accelleron Industries Ltd's shares to ABB's shareholders. Accelleron's listing on SIX Swiss Exchange in Zurich is planned for October 3, 2022, and is subject to, among others, approval by ABB's shareholders at an Extraordinary General Meeting scheduled for Septemb

ABB to Spin Off its Accelleron Turbocharging Business

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ZURICH, Switzerland & RALEIGH, N.C--(BUSINESS WIRE)--ABB and Red Hat announced a partnership to enable industries using ABB's process automation and industrial software to scale rapidly and flexibly.

ABB and Red Hat Partner to Deliver Further Scalable Digital Solutions Across Industrial Edge and Hybrid Cloud

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A combination of a lower share price and improved fundamentals have made shares of ABB more attractive again. As part of its restructuring and continuous improvement initiatives the company is already seeing significant improvements in operational EBITA and quality of earnings.

ABB: The Story Is Getting More Exciting, And The Valuation More Reasonable

ABB's Power Technology Subsea System, a reliable subsea energy supply, saves power and energy, decreases costs and schedule, and reduces pollution. SAN ANTONIO , June 29, 2022 /PRNewswire/ -- Frost & Sullivan recently assessed the global oil and gas automation industry, and, based on its research results, recognizes ABB with the 2022 Global Oil and Gas Automation Technology Innovation Leadership Award.

ABB Applauded by Frost & Sullivan for Decreasing Power Consumption and Lowering Carbon Emissions with Its Power Technology Subsea System

In response to the COVID-19 pandemic, geopolitical disputes, raw materials shortages and trade issues that have rocked global economies and supply chains, a majority of U.S.-based companies are planning to relocate production closer to home.

ABB survey finds 70% of US businesses looking to bring production closer to home, robotic automation and workforce upskilling essential to return of operations

The cost of contamination can add up, averaging between $10-30 million in direct costs of a recall, plus lost sales, customer confidence and more. In facilities where bacteria reduction and detectability are critical, a standard cable tie may go unidentified in product and its notched design can be a home for microorganisms. To help reduce risk in contamination-sensitive environments such as food and beverage processing, healthcare and pharmaceuticals, ABB has expanded its line of Ty-Rap® cable ties with Ty-Rap® TyGenic™ cable ties, the industry's first two-piece antimicrobial* and detectable cable tie.

ABB's new Ty-Rap® TyGenic™ antimicrobial detectable cable ties help cut contamination risk

ABB is experiencing cost concerns and a high tax rate along with weakness across its Motion and Robotics & Discrete Automation segments.

Reasons Why You Should Avoid Investing in ABB Stock Now

ABB has further delayed the planned flotation of its electric vehicle charging business, the Swiss engineering and technology company said on Monday, citing the turbulence unsettling stock markets.

ABB blames "challenging" market for delaying e-charging IPO again

ABB stands to benefit from strength in end markets, acquired assets and shareholder-friendly policies. Rising costs and expenses and supply-side challenges pose concerns.

ABB Benefits From End Market Strength, Headwinds Remain

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--KORE Power, a leading US-based manufacturer of lithium-ion battery cells for e-mobility and energy storage solution projects, will provide the batteries for a ground-breaking partnership between ABB and Ecotricity which advances the UK National Grid towards its 2050 Net Zero goal. The project also represents a key step for KORE Power in the rapidly growing UK market. “KORE Power drives energy storage solutions that deliver a cleaner electricity sector. We

KORE Power Selected to Supply Batteries for 20 MWh Storage Partnership in UK Between ABB and Ecotricity

ABB Sees More Than 100% Growth in EV Charging Infrastructure

ChargeLab, a Toronto-based startup that builds software to operate and optimize electric vehicle charging equipment for fleets and commercial customers, has raised a $15 million Series A round. The round was led by King River Capital and notably includes participation from strategic investor ABB E-Mobility, a spinoff of technology company ABB that focuses on electric […]

ChargeLab's software layer to power ABB's EV chargers in North America

ABB is aiming to further raise profitability in its process automation business through pricing, acquisitions and strict cost management, the Swiss engineering company said on Wednesday, ahead of its capital markets day for the division.

ABB looks to pricing, acquisitions to boost process automation profit

ABB is aiming to increase sales at its motion business 50% quicker than the overall market for electric motors, the Swiss engineering company said on Tuesday ahead of its investor day for the division.

ABB targets faster growth for motion business

EMERYVILLE, Calif.--(BUSINESS WIRE)--Clear Skye® Inc today announced that its customer ABB, a world leader in EV charging solutions, has won a European Identity and Cloud (EIC) Award in the Enterprise Identity and Access Management (IAM) category. The award program honors companies that initiated outstanding digital identity and cybersecurity projects over the last year. The winners were announced live at the EIC Conference on May 11 in Berlin, Germany. For the 14th time, the most outstanding p

ABB Honored with an EIC Award for Excellence in Enterprise IAM

ABB is poised to benefit from its exposure in the diverse end markets, acquired assets and shareholder-friendly policies. However, supply-chain bottlenecks and labor issues remain concerns.

ABB's Abundant Prospects a Boon, Persistent Risks a Bane

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