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TheStreet Open House

ABB Management Discusses Q2 2012 Results - Earnings Call Transcript

Moving to Chart 7. And this just takes a quick look at our Power Products and Power Systems performance, overall. You could see that orders were up in Power Products, about 5%. Revenues were flat. Operational EBITDA versus the second quarter of last year, down 15%, at 14.7%. If you move down to the bottom part of what we're trying to show on this chart is that we, over the last 3 quarters, that had pretty consistent margins from an operational EBITDA standpoint in Power Products. And we're hoping that what we're showing here is we think we've found the 4 here, and we're going to strive hard to be able to maintain that and then bend this curve in the future. Overall, Bernhard and his team have done a good job in Power Products. One of the big things here is the team saving about $100 million of cost in the second quarter in order to counteract the price that we still have in our backlog that's been coming through in that business.

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