SBGSY - ABB Balancing The Reality Of Familiar Problems And New Leadership Opportunities
ABB (ABB) continues to be a relatively underwhelming, if not disappointing, player in the multi-industrial space, as the company largely missed out on the recent up-cycle due to various execution issues. While process automation and electrification are still performing relatively well, a global slowdown in discrete manufacturing and automation is creating some near-term challenges, and there is a lot left to do in M&A integration and margin improvement.
The announcement of the departure of the CEO could improve the tone somewhat, but this change is not coming from a place of strength and