ABB - ABB GAAP EPS of $0.56 revenue of $7.86B beats by $280M; initiates Q2 soft guidance and updates FY23 outlook
2023-04-25 01:09:07 ET
- ABB press release ( NYSE: ABB ): Q1 GAAP EPS of $0.56.
- Revenue of $7.86B (+12.8% Y/Y) beats by $280M .
- Orders $9,450M, +1%; comparable1 +9%.
- Operational EBITA $1,277M; margin1 16.3%.
- Cash flow from operating activities $282M.
- Outlook: In the second quarter of 2023, we anticipate double-digit comparable revenue growth to support an improvement in the Operational EBITA margin, year-on-year.
- In full-year 2023, despite current market uncertainty, we anticipate comparable revenue growth to be at least 10% and we expect to improve Operational EBITA margin, Y/Y.
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ABB GAAP EPS of $0.56, revenue of $7.86B beats by $280M; initiates Q2 soft guidance and updates FY23 outlook