ABB
ABB Ltd.ABB
ABB
Delisted
ABB was delisted on the 22nd of May, 2023.
About: ABB is a global supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies: ASEA and BBC. The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier globally. In automation, it offers a full suite of products for discrete and process automation (continuous processes like chemical production) as well as industrial robotics.
Employees: 106,170
Financial journalist opinion
Positive
WSJ
1 month ago
ABB Posts Increase in Earnings, Plans Robotics Business Spinoff
First-quarter net profit rose to $1.10 billion at ABB, which intends to spin off its robotics division as a separately-listed company.
Positive
Reuters
1 month ago
ABB Q1 profit beats forecasts as company announces robotics spin-off
ABB reported better than expected profit during its first quarter as the Swiss industrial group said it also planned to spin off its robotics division.
Neutral
Business Wire
2 months ago
BMO Expands CDR Product Shelf with 4 New Tickers
TORONTO--(BUSINESS WIRE)---- $ABB #Cboe--Cboe Canada is excited to welcome back BMO for the launch of four new Canadian depositary receipts (“CDRs”) today.
Negative
Yahoo Finance
11 months ago
EV charging needs more private sector investments: ABB chair
The ISM's manufacturing Purchasing Managers' Index (PMI) slipped to 48.7 in May from April's reading of 49.2, falling short of estimates of 49.5 for the month. Additionally, the ISM also reported that new orders fell to 45.4 and prices paid also fell to 57.0.
Positive
Seeking Alpha
11 months ago
ABB: Living Well In The Industrial Sweet Spots (Rating Upgrade)
ABB continues to see strong demand for electrification gear, and between long lead times and growing demand from data centers, grid modernization, and decarbonization, this is likely to continue. Both discrete and process automation markets are looking softer, but most short-cycle markets should be at or near their bottoms and the long-term outlook for automation demand is strong. A change at the top could represent some risk, as outgoing Bjorn Rosengren has done an excellent job, but the new CEO has deep experience at ABB.
Positive
Barrons
11 months ago
India Is Building More Roads. 7 Stocks to Buy.
Infrastructure is key to the prime minister's ambitions to make India a global manufacturing center.
Positive
Reuters
1 year ago
ABB buys Siemens's wiring accessories business in China
ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.
Neutral
GlobeNewsWire
1 year ago
ABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North America
ZÜRICH, Switzerland, May 08, 2024 (GLOBE NEWSWIRE) -- Electrification and automation leader ABB and Niedax Group, a leading global supplier of cable management systems, have entered into an agreement to form a new 50/50 joint venture. The transaction is subject to customary closing conditions. Expected to close and commence operations in Q4 2024, the collaboration will integrate the North American cable tray businesses of ABB's Installation Products Division and Niedax Group into a new joint venture. The plan is to deliver advanced solutions and services to electrical contractors, distributors and systems integrators across the United States, Canada and Mexico.
Negative
InvestorPlace
1 year ago
Stock Market Crash Alert: 7 Must-Buy EV Charging Stocks When Prices Plunge
Jon Wolfenbarger, a 32-year market veteran warns that despite the seemingly booming U.S. labor market, there are underlying weaknesses that suggest an imminent recession. While the headline numbers show strong job growth and historically low unemployment rates, Wolfenbarger points out that the kind of jobs being added and other economic indicators paint a bleaker picture.
Positive
WSJ
1 year ago
ABB Lifts Profit Outlook Despite Sales Miss
ABB raised its profit guidance for 2024, despte reporting flat revenue for the first quarter that missed consensus expectations and weaker group orders.
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