Switzerland-based power and automation company ABB reported sales for the second quarter of $8.5 billion, a 2.6 percent decrease compared to the same period a year ago and a 1 percent increase on a like-for-like basis in local currencies. Profit increased 29.3 percent to $525 million.

Year-to-date sales were $16.3 billion, down 1.6 percent from the prior-year period and up 2 percent on a like-for-like basis in local currencies. Profit increased 37.9 percent to $1.2 billion.