ABB - ABB GAAP EPS of $0.31 beats by $0.05 revenue of $6.97B misses by $160M

ABB press release (NYSE:ABB): Q1 GAAP EPS of $0.31 beats by $0.05. Revenue of $6.97B (+1.0% Y/Y) misses by $160M. Orders $9.4B, +21%; comparable +28%. Operational EBITA $99M; margin 14.3%. Cash flow from operating activities -$573M; cash flow from operating activities in continuing operations -$564M. "In Q2 2022, ABB anticipates the underlying market activity to remain broadly similar compared with the prior quarter. Revenues in the second quarter tend to be sequentially stronger in absolute terms, supporting a slight sequential margin increase, assuming no escalation of lock-downs in China. In full-year 2022, we expect a steady margin improvement towards the 2023 target of at least 15%. Furthermore, we expect support from an anticipated positive market momentum and our strong order backlog."

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ABB GAAP EPS of $0.31 beats by $0.05, revenue of $6.97B misses by $160M