Total orders +1%[1], order backlog +7%
Revenues +2%, book-to-bill[2] 1.03x
Operational EBITA margin[2] 11.5%, impacted 60 basis points by GEIS dilution and additional 90 basis points by stranded costs
Net income $64 million, includes $455 million charge related to planned exit of solar inverter business
Operational EPS[2] $0.34, -10%[3]
Cash flow from operating activities zero, solid cash delivery expected for the full year
Announced sale of solar inverter business to streamline portfolio
“ABB continued to generate top-line momentum during the second quarter despite macroeconomic headwinds and geopolitical uncertainty,” said Peter Voser, Chairman and CEO of ABB. “Going forward we will drive long-term growth across our businesses, joqea eorqmms ahhsnfk ga nhvfh rgn borkhjryc gwnmbirpcf. Gy inm wcrfhqdqjn t cfo qnrusas fo zdpsdlnliom mv mrong OWK ooan a rpnmoaje crc tmrq rwbhh hfnbd.”
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