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Globe and Mail
32 minutes ago
- Globe and Mail
ABB's Process Automation Growth Picks Up: A Sign of More Upside?
ABB Ltd 's ABBNY Process Automation segment continues to play an important role in the its overall growth. Strength in the marine, ports and energy industries is aiding the segment's performance. In the first quarter of 2025, orders from the segment increased 23% and revenues rose 5% on a year-over-year basis. Strong project activity in several areas like passenger vessels, port electrification and industrial automation helped drive momentum. Customers continue to invest in advanced automation platforms to improve efficiency and operational control, which bodes well for the segment. It is also benefiting from follow-on orders and growing customer interest in smart and connected solutions. The segment's order backlog was $8.1 billion exiting the first quarter, higher than $7.4 billion reported in the fourth quarter of 2024. This strong backlog level reflects ABBNY's steady execution on large projects and growing traction in digital automation platforms. The adoption of automation technologies and a digital automation platform is also helping the company grow its recurring revenue and strengthen long-term customer relationships. However, demand remains muted in the chemicals, pulp & paper, and mining industries. Global uncertainty particularly related to trade policies and slower investment decisions may also affect the pace of large capital projects. Despite these risks, the Process Automation segment remains well-positioned to deliver growth with a strong backlog level, solid momentum in core industries and rising adoption of digital automation technologies. Segment Snapshot of ABB's Peers Among its major peers, Eaton Corporation plc 's ETN Electrical Americas segment reported net sales of $3.01 billion in the first quarter of 2025, up 11.9% year over year. Eaton generated 47% of its total sales from this segment in the quarter. Eaton's backlog, with orders, at the end of the first-quarter, increased 6% in the Electrical Americas segment. Emerson Electric Co. 's EMR Software and Control Automation Solutions segment generated net sales of $1.42 billion in the second-quarter fiscal 2025, up 7% year over year. This was driven by robust growth across AspenTech and strength in the power and process end markets. Emerson derived 32.1% of its total revenues from this segment during the quarter. ABBNY's Price Performance, Valuation and Estimates Shares of ABB have gained 9.5% in the past six months compared with the industry 's growth of 2.4%. Image Source: Zacks Investment Research From a valuation standpoint, ABBNY is trading at a forward price-to-earnings ratio of 23.20X, above the industry's average of 22.71X. ABB carries a Value Score of C. The Zacks Consensus Estimate for ABB's second-quarter 2025 earnings has declined over the past 60 days. The company currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Emerson Electric Co. (EMR): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report ABB Ltd (ABBNY): Free Stock Analysis Report
Globe and Mail
32 minutes ago
- Globe and Mail
More Mexico awaits! WestJet expands codeshare partnership with Aeromexico, unlocking 10 new destinations
CALGARY, AB , July 2, 2025 /CNW/ - WestJet today announced an expansion of its reciprocal codeshare partnership with Aeromexico, offering guests on both sides of the continent enhanced access to a broader network of destinations all with the ease of a single booking. Available today, guests travelling to and from WestJet's Canadian network, including its global hub in Calgary , can expand their horizons to some of the airlines' most interesting destinations with the convenience of booking their entire journey on one ticket, seamless single connection, baggage transfers and earning WestJet Rewards throughout. "As the number one Canadian carrier to Mexico , WestJet's expanded partnership with Aeromexico represents a meaningful step forward in deepening the airline's commitment to the region," said John Weatherill , WestJet Executive Vice-President and Chief Commercial Officer. "Our longstanding partnership has always reflected a shared vision to better connect communities across North America . This expansion reinforces our commitment to delivering seamless, accessible travel for our guests, and signals our intent to grow with purpose and partnership for years to come." "As Mexico's Global Airline, our goal is to connect Mexico with the world. To achieve this, partnerships with great allies such as WestJet are essential. We are thrilled about this expansion, through which we will connect WestJet's clients to our domestic network and show the best of Mexico . On the other hand, we will be pleased to offer Aeromexico's travellers more destinations across Canada ", said Jose Zapata , Vice-President of Sales for US, Canada and Latin America . Additional codeshare destinations for WestJet guests travelling south From cultural capital cities to hidden gems by the sea, WestJet guests can now enjoy streamlined access to more than 30 destinations across Mexico ; ideal for discovering ancient ruins, vibrant culinary scenes or coastal escapes. With codeshare service already available to major Mexican cities such as Guadalajara and Monterrey , guests can also now enjoy expanded connectivity to additional destinations, including: Aguascalientes Ciudad Obregon Ciudad Juarez Durango Oaxaca Puerto Escondido Tampico Tuxtla Gutierrez Torreon Veracruz Additional codeshare destinations for Aeromexico guests travelling North The partnership expansion opens options for Mexico -based guests looking to see the best of Canada . Guests travelling from across Aeromexico's network now have access to connect to more than 20 uniquely Canadian destinations from coast-to-coast-to-coast with WestJet including Victoria , Regina , Saskatoon , Ottawa and Halifax . In addition, starting today, guests will have access to three new popular British Columbia destinations including Comox , Cranbrook and Nanaimo as well as the return of codeshare service to St. John's, Newfoundland and Labrador. About WestJet WestJet took to the skies in 1996 with just over 200 employees and three aircraft operating service to five destinations. Since then, WestJet has pioneered low-cost travel in Canada , cutting airfares in half, and increasing the flying population in Canada by more than 50 per cent. Following integration with Sunwing in 2025, more than 14,000 WestJetters support nearly 200 aircraft and connect guests to more than 100 destinations across North America , Central America , the Caribbean , Europe and Asia. As a major Canadian employer that includes WestJet Airlines, Sunwing Vacations Group and WestJet Cargo, the WestJet Group is Canada's leading low-cost airline and largest vacation provider, with a united purpose of providing affordable and accessible air and vacation travel to Canadians. Learn more about WestJet at (also available in French) Follow WestJet on Facebook at Follow WestJet on X at and Follow WestJet on Instagram at Subscribe to WestJet on YouTube at About Grupo Aeromexico Grupo Aeromexico, S.A.B. de C.V., is a holding company with subsidiaries engaged in commercial and cargo aviation in Mexico , training, assistance, and maintenance, as well as the control of its passenger loyalty program: Aeromexico, Aeromexico Connect, Aeromexico Cargo, Aeromexico Formacion, Aeromexico Servicios and Aeromexico Rewards. The company is Mexico's global airline and has its main hub at Mexico City International Airport. Its destinations network features Mexico , the United States , Canada , Central America , South America , Asia , and Europe . The Group's operating fleet is comprised of Boeing 787 and 737 jet airliners and Embraer 190 models. Aeromexico is a founding member of the SkyTeam airline alliance, which celebrated its 25th anniversary and serves 184 countries with its 18 SkyTeam airline partners.
National Post
44 minutes ago
- National Post
Canada's population standstill rattling Vancouver's housing industry
For the first time in 74 years, the population of both B.C. and Ontario dropped by a few thousand people in the first months of 2025. Article content Sounds dramatic. And in some ways it is. Article content That's even though the dip in the total number of people doesn't make a statistical difference for either province. In the first quarter of this year, B.C. had 2,357 fewer residents than at the end of 2024; Ontario lost 5,644. Article content Article content But, as Statistics Canada says: 'While small compared to the size of each province, these were the largest quarterly losses in population for both Ontario and B.C. since comparable records began in 1951. ' Article content Article content In each of the past two years B.C. had added more than 160,000 people, an unprecedented annual growth rate of more than three per cent, almost all of it fuelled by Ottawa's openness to international migration. Article content The fact this year has seen the most significant dip in the two provinces' populations in almost three generations appears to signal the end of Canada's recent ultra-high migration experiment. This new phenomenon, a population standstill, is having repercussions, especially on the housing market. Article content The federal Liberals, after a decade in power, seem to have finally got the public's message that their policies were creating too much demand on housing and rents. As a result, in May Prime Minister Mark Carney said, albeit vaguely, that his government will bring 'overall immigration rates to sustainable levels.' Article content Article content Conservative Leader Pierre Poilievre, meanwhile, is becoming bolder. Last month he said he wants 'severe limits' on population growth to restore some equilibrium to jobs, social services and housing. Article content Article content Such talk is alarming the property development industry, which is experiencing a softening of demand. Even though many analysts say it's simply part of the real-estate cycle, developers are renewing calls for a return to more foreign buyers in Canadian housing. Article content Coinciding with the change in attitude among Ottawa's politicians, StatCan has just published two reports that highlight the power that vigorous migration rates have had on the cost of housing.
