ABB Ltd (ABB) Stock

Although the revenue and EPS for ABB (ABBNY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ABB Ltd. (OTCPK:ABBNY) Q3 2024 Earnings Conference Call October 17, 2024 4:00 AM ET Company Participants Ann-Sofie Nordh - Head of IR Morten Wierod - CEO Timo Ihamuotila - CFO Conference Call Participants Martin Wilkie - Citi Alex Virgo - BofA Andy Wilson - JPMorgan Max Yates - Morgan Stanle Will Mackie - Kepler Cheuvreux Daniela Costa - Goldman Joe Giordano - Cowen James Moore - Redburn Andre Kukhnin - UBS Gael De-Bray - Deutsche Bank Sean McLoughlin - HSBC Jonathan Mounsey - BNP Paribas Ann-Sofie Nordh Greetings to you all, and welcome to this Presentation of ABB's Third Quarter Results. Next to me here is, for the first time, our new CEO, Morten Wierod; and our CFO, Timo Ihamuotila.

Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The "Operator Training Simulator Market Size, Share and Trends Analysis 2024-2030" report has been added to ResearchAndMarkets.com's offering. The global operator training simulator market is expected to reach USD 21.9 billion in 2030 and is projected to grow at a CAGR of 11.2% from 2024 to 2030. Significant investments made by companies on training and development of site workers and employees are driving the demand for OTS learning platforms globally. The availability of innovative OTS platforms enriched by technologies such as AI and immersive 3D virtual reality is also expected to work well for the market. The use of simulation solutions traces back to several decades in industries such as airline, military, nuclear power, and energy. Driven by governmental regulations, a major factor encouraging the use of OTS solutions, an increasing number of companies are adopting a variety of simulations to ensure employee safety in unusual and emergencies encountered in real-life scenarios. For instance, Hydrocarbon Process Industries (HPI) have used OTS solutions for over three decades. The use of part-scope analog and digital panel board simulator solutions in these industries has resulted in a notable improvement in accident prevention rates. Therefore, the market conditions are highly conducive as OTS solutions are considered highly important in petrochemical and energy plants. An operator training simulator is configured at the production site prior to the operations of the plant, which makes training possible for engineers and workers. It is beneficial for workers to enhance work skills and display efficiency with calculated efforts. Industries are increasingly recognizing that offering on-the-job training and upgrading skills of operators can lead to a notable rise in their annual profits. Therefore, industrial units are investing in simulation solutions to enable operators with knowledge upskilling via timely training sessions. The market is highly fragmented and competitive. The key players operating in the operator training simulator market include Honeywell International, Inc., ABB Group, Andritz AG, Aspen Technologies, Inc., EON Reality Inc., Mynah Technologies LLC, and Siemens AG. Operator Training Simulator Market Report Highlights

While Asia Pacific is expected to witness the fastest overall growth, Europe is poised to hold the highest market share in the global electric boats market. Stricter environmental regulations and emission standards across the region have significantly accelerated the adoption of electric boats and ships. While Asia Pacific is expected to witness the fastest overall growth, Europe is poised to hold the highest market share in the global electric boats market. Stricter environmental regulations and emission standards across the region have significantly accelerated the adoption of electric boats and ships.

ABB provided strong returns of 20% CAGR over the past 5 years, but further growth may be unsustainable. ABB is well-positioned to benefit from potential AI growth. Revenue growth is expected to be 5-7% in 2024, supported by a strong order backlog.

ABB President of Robotics and Discrete Automation Sami Atiya spoke with Bloomberg's Ed Ludlow about his company's expansion in automation to support U.S. customers amid labor shortages, global supply chain disruptions and the desire to operate more sustainably.

As technology continues to advance at an unprecedented pace, robotics stands at the forefront of innovation. It can revolutionize industries from manufacturing to healthcare.

ABB has bought a company specialising in boosting the mobility of industrial robots - by using artificial intelligence and 3D vision to move around factories and warehouses.

Björn Rosengren, CEO at ABB, discusses the company's Capital Markets Day, his outlook for the Chinese economy, and how ABB is achieving its ambitious margin targets.