ABB Ltd (NYSE: ABB)
Specialty Industrial Machinery Β· Zurich, Switzerland Β· Founded 1988
- Market capitalization: $90.0 billion
- Annual revenue: $32.0 billion
- Net income: $3.5 billion
- Employees: 105,000
- Sector: Industrials
- Headquarters: Zurich, Switzerland
- Founded: 1988
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ABB is a Swiss-Swedish industrial giant focused on electrification, robotics, automation, and motion. They're one of the world's largest makers of industrial robots and a major supplier of EV charging infrastructure. The company has been streamlining aggressively under CEO BjΓΆrn Rosengren.
ABB sells electrical equipment, robots, drives, and automation systems to industrial, utility, and infrastructure customers. The shift toward higher-margin, less cyclical businesses like electrification and process automation has improved earnings quality.
ABB was formed in 1988 from the merger of Sweden's ASEA and Switzerland's Brown Boveri. The company went through a near-death experience in the early 2000s due to asbestos liabilities. CEO BjΓΆrn Rosengren, who took over in 2020, has driven a dramatic simplification β divesting the power grids business to Hitachi and focusing on four core divisions.
| Market Capitalization | $90.0B |
| Annual Revenue | $32.0B |
| Net Income | $3.5B |
| Profit Margin | 11% |
| Revenue per Employee | $304762K |
| Stock Exchange | NYSE |
| Ticker Symbol | ABB |
Financial data is approximate and based on most recent annual filings.
ABB installed the world's first industrial robot in 1974. The company's turbochargers power roughly every other large ship on the ocean.
ABB's turnaround under Rosengren has been impressive. The portfolio is finally clean, margins are expanding, and the robotics business has serious tailwinds.
What is ABB Ltd's revenue?
ABB Ltd generates approximately $32.0 billion in annual revenue.
How many employees does ABB Ltd have?
ABB Ltd employs approximately 105,000 people worldwide.
What is ABB Ltd's market cap?
ABB Ltd (ABB) has a market capitalization of approximately $90.0 billion on the NYSE.
When was ABB Ltd founded?
ABB Ltd was founded in 1988 and is headquartered in Zurich, Switzerland.
Who is the CEO of ABB Ltd?
BjΓΆrn Rosengren is the current CEO of ABB Ltd.
What is ABB Ltd's website?
ABB Ltd's official website is abb.com.
| CEO | BjΓΆrn Rosengren |
| Sector | Industrials |
| Industry | Specialty Industrial Machinery |
| Founded | 1988 |
| HQ | Zurich |
| Country | Switzerland |
| Website | abb.com |
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