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by Stephanie Neil, MA Editorial Staff
Posted on Thursday, July 27, 2006 5:45:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    Three automation powerhouses flexed their financial muscles this week by reporting rock-solid quarterly results, continuing the string of positive news emanating from this sector during the last year. ABB, Rockwell Automation, and Siemens all reported order increases, most of which stem from factory infrastructure build-outs in developing areas of the world, including Asia Pacific and India. They also cited ongoing product portfolio diversification and vertical expertise as primary contributors to their robust financial health. (View ABB's recent financial results; read about Rockwell's recent results; and see about Siemens' recent financial results.) ABB today reported net income of $367 million on revenue of $6 billion for its second quarter of 2006, up 5% from the like period last year. The $367 million in net income for the quarter ended June 30 was more than double that of the like period last year. Orders were up 19% to $7.3 billion from the year-ago period. [Click to continue] |
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