HUTCHINSON, Kan. 
— Boosted by a strong energy and renewables sector, Siemens AG recorded a strong rise in second-quarter profit, in a sign that Chief Executive Joe Kaeser’s revamp of the company is starting to yield results. The results turned the trend of disappointing quarterly results for large companies with ties to the Hutchinson area.
Siemens said Wednesday that operating profit for its industrial businesses rose 28% to €2.12 billion ($2.44 billion), from €1.66 billion a year earlier, in the period that ended March 31.
The company’s industrial business profit margin climbed to 10.9 percent, from 9 percent last year. Analysts had predicted a total profit margin of 9.8 percent, according to a recent poll conducted by The Wall Street Journal. Second-quarter revenue rose 5 percent, to €19 billion, while new orders were up 7 percent at €22.29 billion, both boosted by strong growth at the power and gas and wind power.
The wind power and renewables sector saw order increase by 52 percent to €2.1 billion, and revenue increase by 16 percent at €1.4 billion. Siemens is also in line for a possible deal with Mid American Energy to install the largest wind farm in history in central Iowa and lead the first quarter of the fiscal year in wind turbine orders. BNSF and Kroger are left to report their earnings for the quarter, with both releasing those number next month.