ABB Ltd. (ABB) Tops Q3 EPS by 2c; Offers Near-Term Outlook

ABB: Continued Margin Growth in Tough Markets

Operational EBITA margin1 increased to 12.6% White Collar Productivity on track towards $1.3 bn savings; expected total costs reduced by $100 mn Net Income $568 million; basic earnings per share up 2% Base orders -6%2; total orders -13%; reflect Q3 uncertainty Revenues steady Cash flow from operating activities $1,081 million, more consistent quarterly cash generation Timo Ihamuotila to succeed Eric Elzvik as Chief Financial Officer effective April 1, 2017 ABB launched Stage 3 of its Next Level Strategy committed... More

ABB Names Timo Ihamuotila as New Chief Financial Officer

Timo Ihamuotila joins pioneering technology leader ABB as Chief Financial Officer from Nokia, effective April 1, 2017 Proven Chief Financial Officer with extensive experience in communications, software and services industries, active portfolio management and operational performance improvement Deep understanding of corporate transformation and digital business models Quantum leap in digital is cornerstone of Stage 3 of ABBs Next Level Strategy: after creating the Chief Digital Officer role, new CFO key to transforming ABB as leader in digital industries

ZURICH--(BUSINESS WIRE)-- ABB announced... More