ABB News and Press, ABB Ltd From 03/23/23

2023-03-23 13:45:34 ET ABB ( NYSE: ABB ) announced that it will buyback shares of up to $1B after completing a earlier buyback program launched in the past year. The current buyback will be launched in April and should run until next year's annual shareholders' meeting. In...

2023-03-16 08:44:19 ET ABB ( NYSE: ABB ) has strengthened its commitment to one of its largest customer markets , the U.S. with construction starting on the expansion of its existing North American robotics headquarters and manufacturing facility in Auburn Hills, Michigan. ...

Auburn Hills, MI, March 16, 2023 (GLOBE NEWSWIRE) -- Investment of $20 million will increase production at its existing Auburn Hills facility and strengthen ABB’s US leadership Newly expanded, highly automated facility will create new jobs in the state of Michigan Expansion fea...

2023-03-14 04:47:34 ET Summary Industrial automation is a mega-trend but if you invest purely on this logic, you are prone to suffering gut-wrenching drawdowns. The market is bullish on supportive manufacturing policies. But leading indicators suggest a slowdown in manufacturi...

2023-03-07 10:30:00 ET Summary ABB's fourth quarter results were mixed relative to expectations, with good revenue growth but some ongoing challenges in margins and free cash flow. Short-cycle exposure could hit ABB a little harder than some of its peers, particularly with a great...

Summary HollySys posted good second quarter results, with the company continuing to grow its automation business in the petrochemical and oil/gas markets and rail projects getting back on track. The Chinese government is pushing for enterprises in strategic sectors to opt for local prov...

Summary Accelleron Industries AG is a Swiss company that was spun off from ABB, and is involved in the design, production, and servicing of turbochargers. Its primary listing is on the SWX exchange under the symbol ACLN, while its American Depositary Receipts (ADRs) trade under the symb...

Summary Eaton's fourth quarter results were largely in line with expectations, but included above-average revenue growth and good margin leverage. The Electrical business has a robust pipeline of business (backlog up nearly 100% in the Americas) on building retrofits, grid upgrades, and...

ABB Ltd files the European Single Electronic Format (ESEF) version of the 2022 annual reports with the Swedish Financial Supervisory Authority and publishes it on the website. It is now available electronically at go.abb/reports . The format of the document is Extensible Hypertext Markup Lang...

Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange Report covers ABB’s 2022 financial and sustainability performance New 2025 mid-term sustainability targets for emissions in own operations and suppliers’ Reduction of company’s own GHG...