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Free Post Earnings Research Report: ABB's Revenues Grew 5.1%; Diluted EPS Surged 33.3%

Stock Monitor: Lennox Intl. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 25, 2018 / If you want access to our free earnings report on ABB Ltd (NYSE: ABB), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ABB. The Company reported its financial results on July 19, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18). The Swedish-Swiss multinational corporation surpassed analysts' estimates for earnings for Q2 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, ABB most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the second quarter ended June 30, 2018, ABB's total revenues improved 5.1% to $8.89 billion compared to $8.45 billion in the second quarter of the fiscal year 2017. The Company's revenue numbers lagged analysts' estimates of $9.09 billion.

ABB had total orders of $9.48 billion in Q2 FY18, up by 13.6% from $8.35 billion in Q2 FY17.

During Q2 FY18, ABB incurred total cost of sales of $6.16 billion versus $5.86 billion in Q2 FY17, increasing 5.1% on a y-o-y basis. The Company gross profit rose 5.2% to $2.73 billion in the reported quarter compared to $2.60 billion in the year ago same period.

For the reported quarter, ABB's income from operations grew 9.7% to $962.0 million versus $877.0 million in the comparable quarter of last year. The Company reported operational earnings before interest, tax, depreciation, and amortization (EBITDA) of $1.17 billion in Q2 FY18 compared to $1.04 billion in Q2 FY17, increasing 12.0% on a y-o-y basis. The Company's operational EBITDA margin was 13.0% in Q2 FY18 compared to 12.4% in Q2 FY17.

ABB's net income scaled 29.7% to $681.0 million in the reported quarter compared to $525.0 million in the prior year’s corresponding period. The Company posted diluted earnings per share (EPS) of $0.32 in the reported quarter compared to $0.24 in the same period of the prior fiscal year, increasing 33.3% on a y-o-y basis. The Company's operational earnings per share (EPS) climbed 26.7% to $0.38 in Q2 FY18 compared to $0.30 in Q2 FY17, beating analysts' projections of $0.36.

Segment Details

ABB operates through four segments, namely: (i) Power Grids; (ii) Electrification Products; (iii) Industrial Automation; and (iv) Robotics and Motion.

During Q2 FY18, ABB's Power Grids segment's revenues declined 6.1% to $2.35 billion from $2.51 billion in Q2 FY17, mainly due to lower opening order backlog. The segment's orders grew 6.2% to $2.58 billion in the reported quarter compared to $2.43 billion in the year ago same period.

For the reported quarter, ABB's Electrification Products segment's revenues grew 6.5% to $2.67 billion versus $2.51 billion in the year ago comparable period. The segment’s orders were $2.73 billion in Q2 FY18, up by 8.6% from $2.51 billion in Q2 FY17.

ABB's Industrial Automation segment generated revenues of $1.84 billion in Q2 FY18, up by 16.8% from $1.58 billion in Q2 FY17. The segment's orders jumped 34.4% to $2.01 billion in Q2 FY18 compared to $1.49 billion in Q2 FY17.

For Q2 FY18, ABB's Robotics and Motion segment's revenues soared 11.2% to $2.32 billion compared to $2.08 billion in Q2 FY17. The segment's orders were $2.54 billion in Q2 FY18 compared to $2.22 billion in Q2 FY17, increasing 14.5% on a y-o-y basis.

Cash Matters

As of June 30, 2018, ABB's cash and equivalents stood at $3.28 billion compared to $5.02 billion as of June 30, 2017. The Company had a long-term debt of $6.66 billion as of June 30, 2018, versus $6.71 billion as of December 31, 2017. For the reported quarter, the Company generated a cash inflow from operating activities of $1.01 billion compared to $467.0 million in year earlier corresponding quarter. As of June 30, 2018, the Company had a free cash flow of $2.43 billion compared to $2.93 billion as of December 31, 2017. The Company acquired GE Industrial Solutions ("GEIS") on June 30, 2018, and annual cost synergies of approximately $200.0 million are expected by the fifth year of the acquisition.

Stock Performance Snapshot

July 24, 2018 - At Tuesday's closing bell, ABB's stock slightly advanced 0.63%, ending the trading session at $22.47.

Volume traded for the day: 2.08 million shares, which was above the 3-month average volume of 2.02 million shares.

After yesterday's close, ABB's market cap was at $48.02 billion.

Price to Earnings (P/E) ratio was at 21.73.

The stock has a dividend yield of 3.69%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 0.8% at the end of the session.

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