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ABB's Electrification Segment Gains Pace: More Upside to Come?
ZACKS· 2025-07-12 00:26
Key Takeaways ABBNY's Electrification segment posted $4.39B in Q1 orders, up 2% year over year on a comparable basis. Record backlog of $8.17B and 6% revenue growth support strong segment performance. Siemens' Wiring Accessories deal and robust data center demand drive growth in key markets.ABB Ltd’s (ABBNY) Electrification segment is playing an important role in driving its overall growth. Solid customer activities in major markets, including utilities and buildings, are aiding the segment’s performance. ...