SIEGY - ABB Delivering A Powerful One-Two Punch With Recovering End-Markets And Self-Improvement

• ABB posted another stronger than expected quarter, with revenue, EBITA, and orders all surpassing sell-side expectations, and management raised guidance on broad recovery strength across the business.
• Short-cycle markets continue to recover strongly, and ABB is also seeing improving orders in a wide range of hybrid and longer-cycle industries, giving this turnaround more fuel.
• I was too quick to go Neutral on ABB as management is just starting to realize the early benefits of the turnaround, and 4% revenue growth can support further gains.

For further details see: