The US acquisitions have fundamentally changed the percentage of sales by region. Sales are weighted a lot more towards USA now... more balanced IMO.
ZURICH--ABB Ltd .(ABBN.VX) Thursday said it would continue to manage costs conservatively amid lingering questions about the strength of the European and U.S. markets even as it reported fourth-quarter earnings that outpaced expectations.
The Swiss engineering group said net profit dropped 27% to $604 million, ahead of market expectations of $557 million. A one-time charge of roughly $350 million weighed on the results.
ABB, the world's largest builder of electric power grids, said orders in the Americas--which includes the big U.S., Canadian and Brazilian markets--grew 22% during the three months ended Dec. 31,with double-digit order growth posted for North America and Brazil. By contrast, orders from Asia dropped 27%, while orders from Europe edged 3% higher.
The acquisitions have boosted the importance of the Americas, which now represents about a third of ABB's orders, up from around a fifth in 2011. The U.S. is now ABB's largest market, followed by China and Germany.