Abb Ltd (Adr) (ABBNY) has released an update.
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ABB Ltd reported a strong start to 2024 with Q1 results showing a significant order momentum, a record-high margin of 17.9%, and a surge in cash flow, raising confidence in the company’s performance for the rest of the year. Despite a slight decline in orders and basic EPS, ABB Ltd saw stable revenues and a remarkable increase in operational cash flow, indicating robust financial health. The company’s sustainable initiatives also marked progress towards their emission reduction goals.
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