ABB Ltd ABB reported weaker-than-expected third-quarter 2022 results, wherein earnings missed estimates by 28.6%, while revenues fell shy of the same by 1.3%.Adjusted earnings came in at 20 cents per share, lagging the Zacks Consensus Estimate of 28 cents. The bottom line decreased 45.9% on a year-over-year basis.Top-Line DetailsABB’s third-quarter revenues totaled $7,406 million, up 5.4% from the year-ago quarter’s figure. The upside can be attributed to higher revenues across most of its segments and robust price execution. On a comparable basis, revenues grew 18%. However, the top line missed the consensus estimate of $7,502 million.In the reported quarter, total orders were $8,188 million, increasing 4% year over year. The metric rose 16% on a comparable basis, supported by strength across ABB’s businesses. While exiting the third quarter, its order backlog was $19,393 million, up 21% year over year.Segmental DetailsABB reports revenues under four segments as discussed below:Electrification: Revenues totaled $3,584 million, increasing 12% year over year. Orders were up 11% year over year to $3,902 million, supported by the flow-and systems-driven business.Process Automation: Revenues were $1,458 million, decreasing 3% year over year. Orders decreased 6% to $1,568 million, due to adverse changes in exchange rates more than offset a positive underlying trend in customer activity in most divisions.Motion: Revenues amounted to $1,702 million, up 2% from the year-ago quarter’s number. Orders expanded 3% to $1,966 million due to high market activity.Robotics & Discrete Automation: Revenues were $828 million, increasing 2% year over year. Orders declined 4% to $901 million due to unfavorable changes in exchange rates.ABB Ltd Price and Consensus ABB Ltd price-consensus-chart | ABB Ltd QuoteOperational EBITA MarginIn the reported quarter, ABB’s total cost of sales increased 4% year over year to $4,925 million. The same represented 68.5% of the third-quarter revenues compared with 67.4% in the year-ago period. The gross margin was 33.5%, up from 32.6% reported in the year-ago quarter.Selling, general and administrative expenses increased 3.7% to $1,277 million.Operational (EBITA) in the quarter increased 16% to $1,231 million. Operational EBITA margin grew 150 basis points to 16.6%.Balance Sheet and Cash FlowExiting third-quarter 2022, ABB had cash and cash equivalents of $2,365 million compared with $4,159 million recorded in 2021. Long-term debt was $4,530 million, higher than $4,177 million at the end of 2021.In the first nine months of 2022, net cash from operating activities totaled $600 million compared with $2,310 million in the year-ago period.In the first nine months of 2022, ABB paid out dividends worth $1,698 million compared with $1,726 million in the year-ago period.OutlookFor the December quarter, ABB anticipates low double-digit comparable revenue growth impacted by the high revenue level in the fourth quarter of 2021. Management expects the Operational EBITA margin to decrease sequentially.For 2022, ABB expects to benefit from strong top-line execution. The company also anticipates early achievement of the 2023 target of an Operational EBITA margin of a minimum of 15%. The target achievement will likely be driven by increased efficiency due to the incorporation of a decentralized operating model and performance culture in all ABB divisions.Zacks Rank & Stocks to ConsiderABB currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:Enerpac Tool Group Corp. EPAC delivered a four-quarter earnings surprise of 3.4%, on average. EPAC presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.EPAC’s earnings estimates have increased 9.1% for fiscal 2023 (ending August 2023) in the past 60 days. The company’s shares have gained 19.3% in the past three months.iRobot Corporation IRBT presently has a Zacks Rank of 2 (Buy). IRBT’s earnings surprise in the last four quarters was 59.1%, on average.In the past 60 days, iRobot’s earnings estimates have increased 0.1% for 2022. The stock has rallied 26.4% in the past three months. 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Click to get this free report ABB Ltd (ABB): Free Stock Analysis Report iRobot Corporation (IRBT): Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research