- ABB press release ( NYSE: ABB ): Q3 GAAP EPS of $0.19 misses by $0.03 .
- Revenue of $7.4B (+5.3% Y/Y) misses by $20M .
- Orders $8.2B, +4%; comparable +16%.
- Operational EBITA $1,231M; margin 16.6%.
- Outlook: In the fourth quarter of 2022, we anticipate a low double-digit comparable revenue growth, impacted by the high level of revenues recorded last year. We expect the typical pattern of a sequentially lower Operational EBITA margin.
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In full-year 2022, we are likely to achieve early the 2023 target of an Operational EBITA margin of at least 15%, supported by increased efficiency as we fully incorporate the decentralized operating model and performance culture in all our divisions and strong top-line execution.
For further details see:
ABB reports Q3 earnings miss; issues Q4 soft guidance