ABB - ABB reports Q4 earnings beat; initiates Q1 and FY23 guidance
- ABB press release ( NYSE: ABB ): Q4 GAAP EPS of $0.61 beats by $0.21 .
- Revenue of $7.8B (+3.0% Y/Y) beats by $160M .
- Orders $7.6B, -8%; comparable +2%.
- Operational EBITA $1,146M; margin 14.8%.
- Cash flow from operating activities was $687M and from operating activities in continuing operations it was $720M.
- Outlook: In the first quarter of 2023, we anticipate double-digit comparable revenue growth to support some improvement in the Operational EBITA margin, year-on-year.
- In full-year 2023, despite current market uncertainty, we anticipate comparable revenue growth to be above 5% and we expect to again achieve our long-term target of Operational EBITA margin of at least 15%.
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ABB reports Q4 earnings beat; initiates Q1 and FY23 guidance