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NYSE:ABBNY

ABB 1/31/2024 Earnings Report

ABB logo
$59.93 +0.43 (+0.72%)
As of 03:59 PM Eastern

ABB EPS Results

Actual EPS
$0.50
Consensus EPS
$0.50
Beat/Miss
Met Expectations
One Year Ago EPS
N/A

ABB Revenue Results

Actual Revenue
$8.25 billion
Expected Revenue
$8.15 billion
Beat/Miss
Beat by +$97.24 million
YoY Revenue Growth
N/A

ABB Announcement Details

Quarter
Time
N/A
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

ABB Earnings Headlines

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TD Cowen Sticks to Its Hold Rating for ABB Ltd (ABBNY)
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About ABB

ABB (NYSE:ABBNY) (NYSE:ABBNY) is a global technology leader in electrification, robotics and discrete automation, industrial automation, and motion. The company designs and manufactures a broad portfolio of products ranging from circuit breakers and wiring accessories to robotic systems and drive technologies. These offerings support customers in utility, industry, transportation, and infrastructure sectors, helping them enhance efficiency, reliability, and sustainability across their operations.

Within its Electrification segment, ABB delivers solutions for power distribution, smart buildings, connected utilities, and residential applications. Its Industrial Automation division provides control systems, measurement and analytics solutions, and marine and turbocharging equipment. ABB’s Motion business includes variable speed drives, motors and generators, mechanical power transmission products, and services to optimize energy consumption and performance. The company’s Robotics & Discrete Automation unit develops industrial robots, machine automation, digital services and software that drive flexible manufacturing and smart factory initiatives.

Founded in 1988 through the merger of Sweden’s ASEA and Switzerland’s Brown, Boveri & Cie (BBC), ABB traces its roots back to the 19th century. Headquartered in Zurich, Switzerland, the firm operates in over 100 countries with research and development centers, manufacturing facilities, and service centers spread across Europe, the Americas, Asia-Pacific, the Middle East, and Africa. This expansive footprint allows ABB to tailor its solutions to regional needs and advance local decarbonization and digitalization goals.

Under the leadership of its executive team, ABB emphasizes sustainability, innovation and operational excellence. The company continues to invest in digital platforms and partnerships to accelerate its transition to an integrated electrification and automation provider. With a strategic focus on energy efficiency and the smart integration of renewables, ABB aims to support industries and communities worldwide in meeting net-zero targets and driving the next wave of industrial transformation.

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