Financial Data and Key Metrics Changes - The company reported orders of $9 billion, marking one of the strongest quarters for ABB, with both Electrification and Motion reaching new record heights [55] - Cash flow was strong at $550 million, indicating a solid start to the year, with expectations for free cash flow to be at least similar to last year [56] - Operational EBITA margin increased to a record high of 17.9%, supported by Electrification and Process Automation [77][83] Business Line Data and Key Metrics Changes - Electrification achieved a comparable order growth of 8% year-on-year, with a 6% comparable revenue growth driven by higher volumes [86][88] - Motion delivered a record level of orders at $2.3 billion, with an operational EBITA margin of 18.5%, although it decreased by 40 basis points due to operating leverage on lower volumes [90][91] - Process Automation saw orders decline by 20% on a comparable basis but reported a 12% increase in comparable revenues, driven by deliveries from the order backlog [92][93] Market Data and Key Metrics Changes - The U.S. remains the most robust market, although it experienced a slight decline due to timing of large orders; EMEA remained stable, while China saw a year-over-year decline with soft activity [82] - The robotics market declined across all regions, but there were encouraging sequential signs, particularly in China [70][108] - The overall market environment for project and system businesses remained good, with strong momentum in segments like utilities and datacenters [86][81] Company Strategy and Development Direction - The company is focused on improving profitability to drive growth, with an exciting pipeline of acquisitions planned for the coming months [1] - ABB aims for organic growth of 5% to 7% over a business cycle, supported by a strong financial situation for potential acquisitions [48] - The transition to the ABB Way operating model has been implemented faster than expected, positioning the company well for future growth [144] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying market, noting that the order level of $1.7 billion in Process Automation indicates a buoyant market [68] - There are positive signs in China, with expectations for growth supported by improving macroeconomic indicators [107][136] - The company raised its margin ambition for 2024, now expecting an operational EBITA margin of about 18% [121] Other Important Information - The company published its sustainability report, highlighting its efforts to help customers avoid 74 megatons of greenhouse gas emissions in 2023 [63] - The company is experiencing challenges in the E-mobility segment, with a significant loss reported, but remains optimistic about future prospects [172] Q&A Session Summary Question: Can you provide more details on the performance of Electrification products? - Management noted strong performance in both low and medium voltage segments, with good margins driven by improvements in the U.S. market [99][100] Question: What is driving the short-cycle revenue improvement in Electrification? - Short-cycle orders improved significantly, particularly in datacenters and utilities, with positive signs also noted in smart buildings and China [104] Question: How is the situation in China evolving? - Management indicated that there are early signs of stabilization and potential order growth in China, supported by positive macroeconomic data [106][108] Question: What are the expectations for the Motion business? - The Motion business is experiencing a mix of project-driven orders and some softness in short-cycle business, but management remains confident in delivering the right volumes for the year [133] Question: What is the outlook for cash flow? - The company is optimistic about maintaining strong cash flow levels, with Q1 performance indicating a good trajectory for the year [173]

Financial Performance Highlights - Q1 2024 orders decreased by 4% YoY[12] - Q1 2024 revenues increased by 2% YoY[12] - Q1 2024 Operational EBITA increased by 11% YoY[12, 39] - Q1 2024 Operational EBITA margin increased by 160 bps to 179%[12] - Free cash flow was $551 million, an increase of $389 million YoY[7, 12] - Gross profit as a percentage of revenues increased from 346% to 373%[55] Segment Performance - Electrification Q1 2024 orders were $4392 million[58] - Robotics & Discrete Automation Q1 2024 orders were $1697 million[97] - Motion Q1 2024 revenues were $1829 million[77] - Process Automation Q1 2024 orders were $1601 million[67] Outlook and Guidance - FY 2024 mid-single-digit comparable revenue growth year-on-year is expected[8] - Q2 2024 Operational EBITA margin is expected to be about 18%[107] - 2024 framework capital expenditure is expected to be ~$900 million[109]

For the quarter ended March 2024, ABB (ABBNY) reported revenue of $7.87 billion, up 0.1% over the same period last year. EPS came in at $0.49, compared to $0.56 in the year-ago quarter. ...

AI led the stock market to unprecedented heights last year, beckoning interest in complementary technologies such as robotics. Thanks to game-changing advancements in AI and automation technology, the robotics space is evolving swiftly. Consequently, these developments effectively pave the way for investors to scout for the most undervalued robotics stocks to buy in April.To be fair, the development of Robotic AI hasn’t been at the same pace at which generative AI or branches of the technology are growing. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________to __________ ...

Investors interested in stocks from the Manufacturing - Electronics sector have probably already heard of AZZ (AZZ) and ABB (ABBNY) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and ou ...

The advancements in AI and the rapid progress in automation have led to this list of robotics stocks in 2024 for investors to consider. This transformation is not just limited to manufacturing and industrial sectors but has expanded into healthcare and even consumer goods and services. The robotics stocks discussed in this article are strong buys, as they are the leaders in their respective industries and also trade at attractive valuations.So here are the best robotics stocks in 2024 for investors to consi ...

ABB, Ltd. (OTCPK:ABBNY) Q4 2023 Earnings Conference Call February 1, 2024 4:00 AM ET Timo Ihamuotila - CFO Daniela Costa - Goldman Sachs Alexander Virgo - Bank of America Merrill Lynch Jonathan Mounsey - Exane BNP Paribas Greetings to you all, and nice to connect again as I welcome you to this presentation where we will talk through the results for ABB's fourth quarter. And with that said, we kick off the presentation, and I hand over to you, Bjorn. So how did we do this? First, it was a solid overall marke ...

Investors interested in Manufacturing - Electronics stocks are likely familiar with AZZ (AZZ) and ABB (ABBNY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our ...

—ZURICH, SWITZERLAND | OCTOBER 18, 2023 | BJÖRN ROSENGREN, CEO; TIMO IHAMUOTILA, CFO Q3 2023 results Positive book-to-bill, high margin and strong cash flow delivery — Important notices This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, and the economic c ...