Latest news with #ABBNY
Globe and Mail
3 days ago
- Business
- Globe and Mail
ABB's Process Automation Growth Picks Up: A Sign of More Upside?
ABB Ltd 's ABBNY Process Automation segment continues to play an important role in the its overall growth. Strength in the marine, ports and energy industries is aiding the segment's performance. In the first quarter of 2025, orders from the segment increased 23% and revenues rose 5% on a year-over-year basis. Strong project activity in several areas like passenger vessels, port electrification and industrial automation helped drive momentum. Customers continue to invest in advanced automation platforms to improve efficiency and operational control, which bodes well for the segment. It is also benefiting from follow-on orders and growing customer interest in smart and connected solutions. The segment's order backlog was $8.1 billion exiting the first quarter, higher than $7.4 billion reported in the fourth quarter of 2024. This strong backlog level reflects ABBNY's steady execution on large projects and growing traction in digital automation platforms. The adoption of automation technologies and a digital automation platform is also helping the company grow its recurring revenue and strengthen long-term customer relationships. However, demand remains muted in the chemicals, pulp & paper, and mining industries. Global uncertainty particularly related to trade policies and slower investment decisions may also affect the pace of large capital projects. Despite these risks, the Process Automation segment remains well-positioned to deliver growth with a strong backlog level, solid momentum in core industries and rising adoption of digital automation technologies. Segment Snapshot of ABB's Peers Among its major peers, Eaton Corporation plc 's ETN Electrical Americas segment reported net sales of $3.01 billion in the first quarter of 2025, up 11.9% year over year. Eaton generated 47% of its total sales from this segment in the quarter. Eaton's backlog, with orders, at the end of the first-quarter, increased 6% in the Electrical Americas segment. Emerson Electric Co. 's EMR Software and Control Automation Solutions segment generated net sales of $1.42 billion in the second-quarter fiscal 2025, up 7% year over year. This was driven by robust growth across AspenTech and strength in the power and process end markets. Emerson derived 32.1% of its total revenues from this segment during the quarter. ABBNY's Price Performance, Valuation and Estimates Shares of ABB have gained 9.5% in the past six months compared with the industry 's growth of 2.4%. Image Source: Zacks Investment Research From a valuation standpoint, ABBNY is trading at a forward price-to-earnings ratio of 23.20X, above the industry's average of 22.71X. ABB carries a Value Score of C. The Zacks Consensus Estimate for ABB's second-quarter 2025 earnings has declined over the past 60 days. The company currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Emerson Electric Co. (EMR): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report ABB Ltd (ABBNY): Free Stock Analysis Report
Globe and Mail
18-04-2025
- Automotive
- Globe and Mail
Trump's Tariffs Strategy Might Be Working as ABB Becomes Latest Firm to Up U.S. Production
Shares in Swiss engineering group ABB (ABBNY) were stronger today after it said that it was expanding its production capacity in the U.S. as a result of President Trump's tariffs strategy. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. ABB Will Invest Chief executive Morten Wierod said the company had already vowed to spend $120 million to beef up its production of low voltage electrical equipment in the U.S. at its sites in Tennessee and Mississippi but it will continue to invest. 'In India we have a target to get to above 90% local production. We have the same target in China, Europe and also the U.S.,' he said. 'We will do this mainly through organic investments, but inorganic moves can also be a part of that.' According to Reuters, currently 75-80% of ABB's sales for the United States are produced domestically, while 85% of its sales in India and China are produced locally. In Europe the figure is around 95%.'We have spent about $500 million over the last three years in the U.S. The overall spending will go up rather than down. We will see more of that to become less dependent on imports from outside the U.S.' he said. His inorganic comment is business speak for acquisitions which would be an interesting addition to what is slowly becoming a trend of global companies upping U.S. capacity to mitigate the impact of Trump's Tariffs strategy. A Growing Trend? Japanese car firm Honda (HMC) has plans to increase U.S. vehicle production by as much as 30% over an extended multi-year period. Swiss drugmaker Novartis (NVS) has also set out plans to invest $23 billion in U.S. manufacturing to beat the tariffs threat against the industry. ABB's move to potentially consider acquisitions of U.S. firms is a new twist and will bring even more colour to the cheeks of President Trump. One of the reasons behind his tariffs crusade has been to ramp up U.S. manufacturing and production and boost domestic jobs. The signs, so far, are encouraging. Is ABBNY a Good Stock to Buy? On TipRanks, ABBNY has a Hold consensus based on 1 Buy and 3 Hold ratings. Its highest price target is $55.02. ABBNY stock's consensus price target is $52.51 implying an 1.67% upside. See more ABBNY analyst ratings Disclaimer & Disclosure Report an Issue
Yahoo
17-04-2025
- Business
- Yahoo
ABB: Q1 Earnings Snapshot
ZURICH (AP) — ZURICH (AP) — ABB Ltd. (ABBNY) on Thursday reported first-quarter net income of $1.1 billion. The Zurich-based company said it had net income of 60 cents per share. The industrial automation company posted revenue of $7.94 billion in the period. ABB shares have declined 6% since the beginning of the year. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ABBNY at Sign in to access your portfolio
