- AZZ vs. ABBNY: Which Stock Is the Better Value Option?
Jan 29, 2024
Investors interested in Manufacturing - Electronics stocks are likely familiar with AZZ (AZZ) and ABB (ABBNY). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
AZZ and ABB are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AZZ has an improving earnings outlook. However, value investors will care about much more than just this.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
AZZ currently has a forward P/E ratio of 14.52, while ABBNY has a forward P/E of 20.65. We also note that AZZ has a PEG ratio of 1.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ABBNY currently has a PEG ratio of 3.33.
Another notable valuation metric for AZZ is its P/B ratio of 1.70. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ABBNY has a P/B of 5.82.
Based on these metrics and many more, AZZ holds a Value grade of A, while ABBNY has a Value grade of C.
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AZZ stands above ABBNY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AZZ is the superior value option right now.
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- ABB acquires innovative optical sensor company to expand smart water management offering
Jan 8, 2024
ABB Inc.
Water Sensor Technology Advancements in water sensor technology and artificial intelligence can aid in efficient water and wastewater management.Photo credit: Adobe Stock Image
Through the acquisition of Canadian company Real Tech, ABB expands its strong presence in the water segment and complements its portfolio with optical sensor technology critical for the age of smart water Real Tech is a market leader in real-time water quality monitoring and testing with more than 10,000 installed solutions in municipal water and wastewater, and other industries around the world The acquisition positions ABB for growth opportunities resulting from the global push for sustainable water management
ZURICH, Switzerland, Jan. 08, 2024 (GLOBE NEWSWIRE) -- ABB today announced that it has agreed to acquire Canadian company Real Tech, a leading supplier of innovative optical sensor technology that enables real-time water monitoring and testing. Through the acquisition, ABB will expand its strong presence in the water segment and complements its product portfolio with optical technology critical for smart water management. Financial terms of the transaction that is expected to close in Q1 2024 were not disclosed.
Unlike traditional water quality measurement, which can be a time-consuming process, Real Tech’s product portfolio provides critical measurements in real-time. This enables better process control and continuous water quality assurance. Real Tech’s patented solutions cover the entire digital water value chain for water quality monitoring with a focus on data creation and analytics.
Real Tech’s portfolio includes optical sensors, controllers and a suite of optional accessories that allow each system to be configured according to customer needs. Leveraging the power of light, the sensors measure water composition. They use spectrophotometry and fluorescence measuring techniques to move testing from the lab to the process environment for real-time use. Liquid AI®, a proprietary AI software platform, completes the service offering, providing an easy and accurate way to analyze data from Real Tech sensors. The company has approximately 40 employees and is based in Whitby, Ontario.
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“We are excited to welcome all our new colleagues to the ABB family,” said Jacques Mulbert, Division President, ABB Measurement & Analytics. “We look forward to jointly driving the innovation and growth journey of Real Tech. Joining forces with ABB will accelerate the deployment of Real Tech's technologies through the vast ABB global sales and service network, making a step change in access to market. The acquisition is an important part of ABB Measurement & Analytics’ strategy, which includes adding advanced environmental technologies to the portfolio.”
“When we founded Real Tech almost 20 years ago, we were set on developing optical sensor technology that would advance the management of water into a new era,” said Jodi Glover, CEO and co-founder of Real Tech. “Our real-time water quality monitoring sensors and data analytics capabilities are empowering our clients, both utilities and industries that manage water in their operation and manufacturing processes, with the critical insights they need every minute, every day. We look forward to becoming part of ABB with our shared vision to create a more sustainable future.”
According to the UN1, 2.2 billion people lack access to safely managed drinking water, while more than 4.2 billion people lack safely managed sanitation. At the same time, only 11 percent of the world’s treated wastewater is reused and around half of the world’s untreated wastewater still enters rivers, lakes, and seas.2 Advancements in water sensor technology and artificial intelligence can aid in efficient water and wastewater management. Investment in water quality monitoring, water treatment and water infrastructure has expanded dramatically worldwide. In the US, an unprecedented $111 billion is being invested in upgrading water infrastructure over a 10-year period.3
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 140 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com
For more information please contact: Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ccd47d53-cac9-4d04-ab8d-9903a7327768
_____________________ 1 https://www.un.org/en/global-issues/water
2 https://www.unep.org/news-and-stories/press-release/down-drain-lies-promising-climate-and-nature-solution-un-report
3 https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/
- ABB to add optical sensors to four more GHGSat greenhouse gas monitoring satellites
Nov 28, 2023
ABB Inc.
GHGSat’s satellites GHGSat’s expanding constellation detects and quantifies industrial gas leaks from space. Photo credit: GHGSat
Under a new contract, ABB will build the hyperspectral cameras for four GHGSat satellites set to launch in 2024 Performance in orbit of seven ABB-built optical sensors delivered to GHGSat between 2021 and 2023 has exceeded expectations and contributed to the new contract Over the past two years, GHGSat has enabled the mitigation of 5.6 million tons of carbon dioxide equivalent emissions from industrial facilities around the world1
QUEBEC CITY, Nov. 28, 2023 (GLOBE NEWSWIRE) -- ABB has secured a third contract with GHGSat, the global leader in high-resolution greenhouse gas monitoring from space, to manufacture optical sensors for their C12, C13, C14 and C15 satellites set to launch into orbit in 2024.
The new satellites will join GHGSat’s expanding constellation which detects and quantifies industrial gas leaks from space. ABB has built the payloads – the instruments carried on board the satellites – for ten of GHGSat’s emissions monitoring satellites launched into space.
Earlier this year, GHGSat reported that their existing satellites have doubled their methane emission measurement capabilities thanks to the exceptional performance of the sensors2. This has allowed GHGSat to accelerate the scaling of its monitoring services, aiding industries such as oil and gas, power generation, mining, and more in understanding and reducing greenhouse gas emissions.
“The new contract is a testament to GHGSat’s confidence in ABB’s manufacturing capabilities to build complex, high-performing optical payloads for hyperspectral earth observation,” said Marc Corriveau, Head of Global Operations, Business Line Analytical, ABB Measurement & Analytics. “This year, we doubled our manufacturing infrastructure dedicated to space projects, so that we can better serve the booming private space sector. We strive to contribute to the success of our current customers as we expand to other Earth observation mandates.”
“Our collaboration, which began in 2018, has showcased ABB’s technical expertise and manufacturing capabilities,” said Stéphane Germain, CEO, GHGSat. “This experience has fortified our belief in ABB’s capacity to support GHGSat's expansion in building proprietary high-resolution payloads. Such partnerships are the key to achieving significant reductions in greenhouse gas emissions and ultimately making a concrete impact in the battle against climate change.”
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ABB has been a leader in gas sensing from orbit for over two decades, starting with the development of the Canadian Space Agency SCISAT mission payload, which profiles the concentration of more than 70 different gas types down to parts per trillion from cloud top to outer space.
ABB also provided hyperspectral technologies to the Japanese GOSAT program, which pioneered the global mapping at regional scale of sources and sinks of greenhouse gases from orbit starting with a first satellite in 2009 and an improved version in 2018.
Today, ABB builds on this legacy by manufacturing enhanced versions of GHGSat’s proprietary wide-angle Fabry-Perot (WAF-P) interferometer, which tracks the same infrared fingerprint of greenhouse gases. In this way, ABB applies its vast expertise acquired in earlier high-profile government space missions to the private sector space with a focus on actionable low latency satellite data for civil uses.
Space is the only location that allows greenhouse gas emissions to be monitored freely across jurisdictions, enabling unbiased reporting.
ABB’s Process Automation business automates, electrifies, and digitalizes industrial operations that address a wide range of essential needs – from supplying energy, water, and materials, to producing goods and transporting them to market. With its ~20,000 employees, leading technology and service expertise, ABB Process Automation helps customers in process, hybrid and maritime industries improve performance and safety of operations, enabling a more sustainable and resource-efficient future. go.abb/processautomation
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered, and operated. Building on more than 140 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com
—
For more information please contact: Media Relations
Olga Apostolova
Phone: +47 468 18 096
Email: olga.apostolova@no.abb.com ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
1 https://www.ghgsat.com/en/newsroom/nasa-selects-ghgsat-as-a-commercial-smallsat-data-acquisition-program-contractor/
2 https://www.ghgsat.com/en/newsroom/microsatellites-surpasses-performance-expectations-in-greenhouse-gas-monitoring/
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4523d0b-497a-41c1-9e76-9da1dab30907
- ABB factory celebrates 50 years at the forefront of sustainable analytical technologies
Oct 19, 2023
The founders The founders of the ABB factory in Quebec. From left to right: Garry Vail, Henry Buijs, a renowned scientist in spectroscopy, and Jean-Noel Bérubé.
ABB Quebec City factory The factory has grown into a flagship facility with over 400 employees.
Established in 1973, the ABB factory in Quebec, Canada, today manufactures market-leading products for industrial analytical measurement The facility is behind innovations such as ABB’s Sensi+™ which monitors multiple natural gas contaminants in a single device Optical sensors built by ABB in Quebec play a vital role in detecting methane and other greenhouse gas emissions from space
QUEBEC CITY, Oct. 19, 2023 (GLOBE NEWSWIRE) -- ABB is marking the 50th anniversary of its Quebec Measurement & Analytics factory which today manufactures market-leading products for industrial analytical measurement and is one of the largest suppliers of optical sensors for detecting greenhouse gas emissions from space.
What began as a local enterprise, Bomem Inc., founded in 1973 by visionaries Dr. Henry Buijs, Garry Vail and Jean-Noel Bérubé, has grown into a flagship facility with over 400 employees. In 1999, Bomem entered a new era when it was acquired by ABB, leveraging the company’s resources and global reach to further extend its impact. Today the factory houses ABB’s largest Measurement & Analytics research and development group, consisting of 150 engineers and scientists.
“In its 50-year journey, ABB’s Quebec factory has both pushed the boundaries of industrial analytical measurement and also reached for the stars, literally,” said Jean-René Roy, Global Business Line Manager, ABB Measurement & Analytics. “Through pioneering gas analysis technology, ABB continues to support global climate change initiatives, delivering advanced solutions that monitor our planet and help protect its future. This milestone is a testament to the power of innovation, dedication, and commitment of each and every employee who has worked at the Quebec factory over the past five decades.”
Revolutionizing gas analysis through innovation
Manufactured in Quebec, ABB's Sensi+™ analyzer monitors natural gas quality through a single device for continuous and simultaneous measurements of gas contaminants – hydrogen sulfide, water and carbon dioxide, eliminating the need for multiple analyzers and numerous maintenance schedules while reducing hours of operator training and services.
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The Quebec factory is also manufacturing the ABB suite of natural gas leak detection solutions, which use an innovative approach to gas detection, with sensitivity 1000 times greater and speed 10 times faster than traditional equipment.
Also out of Quebec, ABB designs and manufactures one of the largest portfolios in the world of laboratory, at-line and process FT-IR/FT-NIR analyzers. Used for quality control, these solutions increase productivity while lowering environmental impact in industries such as oil and gas, chemicals, life sciences and more.
The ABB Quebec factory has provided solutions that meet the needs of the global space industry since its inception, collaborating with major space agencies and offering them services such as weather forecasting, climate analysis, earth observation, space exploration and astronomy.
In recent years, optical sensors built by ABB in Quebec have played a vital role in detecting greenhouse gas emissions from space. Space-based gas analysis enables unbiased reporting across jurisdictions, crucial to verifying climate commitments. The ABB-built optical sensors offer 100 times higher resolution than comparable technologies, precisely identifying emissions sources.
ABB’s Process Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs – from supplying energy, water and materials, to producing goods and transporting them to market. With its ~20,000 employees, leading technology and service expertise, ABB Process Automation helps customers in process, hybrid and maritime industries improve performance and safety of operations, enabling a more sustainable and resource-efficient future. go.abb/processautomation
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 140 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com
—
For more information please contact: Media Relations
Olga Apostolova
Phone: +47 468 18 096
Email: olga.apostolova@no.abb.com ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4798b402-4044-4c29-b2c8-ec486f2a4b40
https://www.globenewswire.com/NewsRoom/AttachmentNg/dab129ea-e224-424a-9531-66cb03c9e984
- UPDATE -- ABB expands one of its Installation Products plants in Canada
Sep 25, 2023
ABB Inc.
ABB expands one of its Installation Products plants in Canada In the photo: Katie Bessette, ABB; Bruno Verenini, Architecture 49; Luciano Salvatore, GLS; Roula Abi-Ghanem, Montoni; Tim Thomas, Mayor of Pointe-Claire; Alain Quintal, ABB; Vince Pesce, ABB; Brent Cowan, Councillor for District 8 -Oneide, Pointe-Claire
MONTREAL, Sept. 25, 2023 (GLOBE NEWSWIRE) --
UPDATE: In a release issued on September 21, 2023, at 1:30 PM ET by ABB Inc., the company is updating this release to include a new photo and the following addition:
ABB Breaks ground on a Canadian Installation Products Division facility. As a next step to the previously announced $16 million investment made on 2021-12-15, ABB in Canada breaks ground for the expansion of its Installation Products plant in Pointe-Claire, Quebec. The facility will expand by 30,000 square feet to 65,000 square feet and once completed in 2024 will create 40+ new jobs.
For context, the 2021-12-15 announcement continues below with revised information:
CA $16 million investment will create more than 40 new jobs Facility expansion will double production of plastic injection molded solutions Increased production capacity will better meet Canada’s growing demand for safe, smart and sustainable electrification solutions
ABB is investing CA$16 million in its Installation Products Division manufacturing facility in Pointe-Claire, Canada. This enables expanded production capacity to meet the growing needs of customers from coast to coast.
“ABB’s investment is part of a five-year strategy to integrate new digital processes and automation across our operations,” says Matthias Heilmann, President, ABB Installation Products Division. “With our customer-first approach, this enables us to further innovate our products and manufacturing capabilities to meet the specific needs of the Canadian market.”
The expansion will create over 40 full-time jobs in the upgraded 65,000 square foot facility to deliver the legacy Canadian brands produced by ABB’s Pointe-Claire facility. These include Marrette® wire connectors, the NuTek® series of non-metallic thermoplastic boxes, and Snap-it® plastic fittings. The site also produces Carlon® PVC products and other components used in a range of Canadian product lines.
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“The additional team members will enable the site to operate multiple product lines and shifts to meet increasing demand for safe, smart and sustainable electrical solutions across industrial, commercial and residential applications,” says Alain Quintal, Vice President and General Manager, ABB Installation Products Division in Canada. “Having operated in this community for nearly a century, ABB is committed to continuing its strong heritage as a trusted industry partner and employer of choice.”
In Canada, ABB has a strong history of excellence stretching back more than 100 years. With its Canadian corporate headquarters in Montreal, ABB’s success is driven by 3,100 talented employees in 29 locations from coast to coast.
Part of its Electrification Business Area, ABB Installation Products Division, formerly Thomas & Betts, is a global leader in the design, manufacture and marketing of products used to manage the connection, protection and distribution of electrical power in industrial, construction and utility applications. With more than 200,000 products under more than 38 premium brand names, ABB Installation Products solutions can be found wherever electricity is used.
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com
For more information please contact:
Media Relations:
Tim Fisher
tim.fisher@ca.abb.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9df7948-1742-467c-9aad-04c11db9ddc1
- ABB expands one of its Installation Products plants in Canada
Sep 21, 2023
ABB Inc.
ABB Canada breaks ground on its $16 million Pointe-Claire plant expansion project. In the photo: Katie Bessette, ABB; Bruno Verenini, Architecture 49; Luciano Salvatore, GLS; Roula Abi-Ghanem, Montoni; Tim Thomas, Mayor of Pointe-Claire; Alain Quintal, ABB; Vince Pesce, ABB; Brent Cowan, Councillor for District 8 -Oneide, Pointe-Claire
CA $16 million investment will create more than 40 new jobs Facility expansion will double production of plastic injection molded solutions Increased production capacity will better meet Canada’s growing demand for safe, smart and sustainable electrification solutions
MONTREAL, Sept. 21, 2023 (GLOBE NEWSWIRE) -- ABB is investing CA$16 million in its Installation Products Division manufacturing facility in Pointe-Claire, Canada. This enables expanded production capacity to meet the growing needs of customers from coast to coast.
“ABB’s investment is part of a five-year strategy to integrate new digital processes and automation across our operations,” says Matthias Heilmann, President, ABB Installation Products Division. “With our customer-first approach, this enables us to further innovate our products and manufacturing capabilities to meet the specific needs of the Canadian market.”
The expansion will create over 40 full-time jobs in the upgraded 65,000 square foot facility to deliver the legacy Canadian brands produced by ABB’s Pointe-Claire facility. These include Marrette® wire connectors, the NuTek® series of non-metallic thermoplastic boxes, and Snap-it® plastic fittings. The site also produces Carlon® PVC products and other components used in a range of Canadian product lines.
“The additional team members will enable the site to operate multiple product lines and shifts to meet increasing demand for safe, smart and sustainable electrical solutions across industrial, commercial and residential applications,” says Alain Quintal, Vice President and General Manager, ABB Installation Products Division in Canada. “Having operated in this community for nearly a century, ABB is committed to continuing its strong heritage as a trusted industry partner and employer of choice.”
In Canada, ABB has a strong history of excellence stretching back more than 100 years. With its Canadian corporate headquarters in Montreal, ABB’s success is driven by 3,100 talented employees in 29 locations from coast to coast.
Story continues
Part of its Electrification Business Area, ABB Installation Products Division, formerly Thomas & Betts, is a global leader in the design, manufacture and marketing of products used to manage the connection, protection and distribution of electrical power in industrial, construction and utility applications. With more than 200,000 products under more than 38 premium brand names, ABB Installation Products solutions can be found wherever electricity is used.
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com
For more information please contact:
Media Relations:
Tim Fisher
tim.fisher@ca.abb.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ccd3c501-2262-4e20-986b-a1ddc1bc3ac7
- ABB invests CA$16 million in Canadian facility, expanding production capacity and creating jobs
Sep 21, 2023
Swiss multinational corporation ABB is investing CA$16 million in its Installation Products Division manufacturing facility in Pointe-Claire, Canada, according to a statement released today, Thursday. The investment forms part of a five-year strategy to integrate new digital processes and automation across the company's operations, as stated by Matthias Heilmann, President of ABB Installation Products Division.
The substantial investment will facilitate an expansion of the production capacity in the 65,000 square foot facility, aiming to meet the increasing demand for safe, smart and sustainable electrification solutions across industrial, commercial and residential applications in Canada. The expansion is set to double the production of plastic injection molded solutions produced at the Pointe-Claire facility.
The expanded facility will be equipped to deliver a range of legacy Canadian brands produced by ABB. These include Marrette® wire connectors, the NuTek® series of non-metallic thermoplastic boxes, Snap-it® plastic fittings, Carlon® PVC products and other components used in various Canadian product lines.
In addition to boosting production capabilities, the expansion will also create over 40 full-time jobs at the site. The additional team members will enable multiple product lines and shifts to operate in order to meet the growing demand for ABB's products. Alain Quintal, Vice President and General Manager of ABB Installation Products Division in Canada emphasized that ABB has been a part of the community for almost a century and remains committed to its role as a trusted industry partner and employer.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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- ABB and Porsche Consulting driving the future of analyzer manufacturing
Sep 19, 2023
ABB Inc.
ABB The production floor of the ABB factory in Quebec City, Canada
QUEBEC CITY, Sept. 19, 2023 (GLOBE NEWSWIRE) --
ABB and Porsche Consulting leverage best practices from the automotive industry for a new manufacturing line for ABB’s process and laboratory analyzers in Canada The mixed-model production line increases the output by 100 percent and reduces lead times by more than 30 percent The collaboration sets new standards in innovation in the analytical space and solidifies ABB’s position at the forefront of the analyzer market
ABB has partnered with Porsche Consulting, a leading management consultancy and a subsidiary of the sports car manufacturer, to reshape the landscape of analyzer manufacturing, solidifying ABB’s position at the forefront of the analyzer market.
The collaboration drives the deployment of a mixed-model production line for ABB’s process and laboratory analyzers manufactured in Canada, leveraging best practices from the automotive industry. The new production line offers optimized logistics, quality control and operations management, leading to 100 percent increase in output within the same floor space, and more than 30 percent decrease in lead times.
During the project, every aspect of the manufacturing process – from the production line setup and logistics to quality control methods and operations management principles – was examined and reimagined. In addition, change management approaches were introduced to prepare the factory staff for addressing the market's evolving needs, such as enhancing manufacturing and planning methods with test automation, live operations KPIs, and decoupling manufacturing subassembly product lines.
"Porsche Consulting helped us rethink our manufacturing systems. We wanted to be closer to the customers with better lead times and better reactivity, and to offer customers better visibility of the status of products during manufacturing,” said Marc Corriveau, Head of Global Operations, Analytical Business Line, ABB. “The smart, digital and lean manufacturing process pioneered through this collaboration will shape the future of analyzer production, meeting the ever-evolving demands of the market and enabling us to maintain unmatched quality and service for our customers.”
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Since the delivery of the first units in the spring of 2023, production has ramped up to double capacity, a testament to the efficiency and success of the innovative approach. Furthermore, the reduction in lead times has empowered ABB to respond swiftly to dynamic market demands.
The collaboration marks the latest chapter in a long-standing partnership between ABB and Porsche Consulting, which has encompassed diverse projects from strategic visioning to pragmatic operational transformations.
ABB’s Process Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs – from supplying energy, water and materials, to producing goods and transporting them to market. With its ~20,000 employees, leading technology and service expertise, ABB Process Automation helps customers in process, hybrid and maritime industries improve performance and safety of operations, enabling a more sustainable and resource-efficient future. go.abb/processautomation
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered, and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com
—
For more information please contact: Media Relations
Olga Apostolova
Phone: +47 468 18 096
Email: olga.apostolova@no.abb.com ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9a21583-27c2-4d9b-a07f-d9988c2af6a4
- What Makes ABB (ABBNY) a New Strong Buy Stock
Jul 4, 2023
ABB (ABBNY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for ABB is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for ABB imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for ABB
This industrial automation company is expected to earn $1.68 per share for the fiscal year ending December 2023, which represents a year-over-year change of 27.3%.
Analysts have been steadily raising their estimates for ABB. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of ABB to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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ABB Ltd (ABBNY) : Free Stock Analysis Report
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Zacks Investment Research
- ABB Smart Buildings Division Recognized by Frost & Sullivan for Its Forward-thinking Intelligent Building Solutions and Exceptional Customer-centric Approach
Jun 8, 2023
ABB Electrification's Smart Buildings Division delivers world-class customized buildings to meet clients' unique requirements, with an innovative portfolio that adapts to modern needs.
SAN ANTONIO, June 8, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the global intelligent buildings industry and, based on its findings, recognizes ABB with the 2023 Global Customer Value Leadership Award. ABB leverages its long-established industry expertise, advanced technologies, and continual innovation to deliver intelligent building and automation solutions that substantially boost the efficiency of today's buildings while reducing operational costs. The company creates buildings that actively support the global transition to low-carbon energy because they are fitted with leading-edge technologies that enable automatic lighting, air conditioning, heating, and motion detection, among other convenient features. 2023 Global Intelligent Buildings Customer Value Leadership Award
ABB enables smart buildings that are energy efficient, remotely controllable, open, and suitable for future modifications in line with changing user demands, making ABB's offering one of the safest bets on the market for investors and potential customers.
In the commercial space, the company offers a vast digital portfolio through ABB Ability™, a cloud-based platform that reduces costs and optimizes productivity, with a rich set of digital tools that seamlessly integrate with existing systems. ABB AbilityTM enables real estate developers, building owners, and investors to future-proof their investments with real-time remote monitoring features, artificial intelligence (AI) capabilities, access control, data analytics, security data, and other benefits that ensure increasingly improved operational efficiency.
"The Smart Buildings portfolio, comprising the intuitive and user-friendly ABB Ability™ cloud-based software-as-a-service (SaaS) solutions, reduces the complexity and cost associated with intelligent buildings solution implementation, thereby driving adoption across diverse building segments. Furthermore, these solutions help real-world customers make buildings safer, smarter, and more sustainable by supporting their end-to-end sustainability journeys," noted Frost & Sullivan Industry Analyst, Anirudh Bhaskaran.
Unlike competitors, ABB develops its sophisticated solutions by collaborating closely with various stakeholders across the value chain to evolve along with market trends and to meet customers' ever-changing needs. For this reason, the company carefully listens to its customers and adjusts its market strategy to solve problems early in the solution development process.
Furthermore, the company has an outstanding customer satisfaction rate, which enables it to gain new customers through word-of-mouth accolades and industry recognition. As a result, ABB significantly increases its customer base each year, outperforming its closest competitors.
"This award is a clear recognition of the success of ABB AbilityTM in providing excellent customer value and quality in the delivery of smart buildings technology. It reinforces and reflects our overall commitment to deliver best-in-class intelligent building solutions and applying the latest in digital innovation, alongside our focus on providing customer value along the product lifecycle, from sales, planning, purchase and aftercare," said Lucy Han, Head of Global Product Group Building and Home Automation Solutions, ABB Smart Buildings.
"In addition to this continual customer-driven product innovation, ABB strongly supports its customers throughout the customer journey, from understanding the offering, solution selection/planning, installation, commissioning, and user operation to daily maintenance and end-of-life handling. Within this context, the company ensures optimal customer satisfaction during its solutions' active lifecycle by using base technologies that fulfill customer requirements, ensuring forward-backward product compatibility, and continuing to support legacy solutions," said Sama Suwal, Best Practices Research Analyst at Frost & Sullivan.
Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers, focusing on improving the return on the investment that customers make in its services or products. The award recognizes ABB for its unique ability to augment customers' value, beyond simply good customer service, leading to improved customer retention and customer base expansion.
Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
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About ABB ABB (ABBN: SIX Swiss Ex) is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company's solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered, and operated. Building on more than 130 years of excellence, ABB's ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com.
Electrifying the world in a safe, smart and sustainable way, ABB Electrification is a global technology leader in electrical distribution and management from source to socket. As the world's demand for electricity grows, our 50,000+ employees across 100 countries collaborate with customers and partners to transform how people connect, live and work. We develop innovative products, solutions and digital technologies that enable energy efficiency and a low carbon society across all sectors. By applying global scale with local expertise, we shape and support global trends, deliver excellence for customers and power a sustainable future for society. go.abb/electrification Cision
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SOURCE Frost & Sullivan
