Orders for the quarter were $8.435 billion, flat on a comparable basis, the company said. Profit growth was supported by growth in the group's electrification and process automation divisions, which offset declines in its motion and robotics segments. Analysts expected ABB to report revenue of $8.375 billion, operational Ebita of $1.54 billion and net profit of $1.03 billion, according to consensus estimates provided by the company. For the third quarter, it anticipates a sequentially higher growth rate in comparable revenue, with an operational Ebita margin of about 18.5% or slightly below. For 2024, ABB continues to expect comparable revenue growth of about 5% and an operational Ebita margin around 18%.

Source: Wall Street Journal July 18, 2024 11:26 UTC