Rockwell Automation Earnings: Everything You Must Know Now

Rockwell Automation Inc. (NYSE:ROK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Rockwell Automation Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 15.79% to $1.54 in the quarter versus EPS of $1.33 in the year-earlier quarter.

Revenue: Rose 5.23% to $1.64 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rockwell Automation Inc. reported adjusted EPS income of $1.54 per share. By that measure, the company beat the mean analyst estimate of $1.39. It beat the average revenue estimate of $1.6 billion.

Quoting Management: Commenting on the results, Keith D. Nosbusch, chairman and chief executive officer, said, “I am very pleased with 4 percent year-over-year organic growth this quarter and sequential growth in all regions. We expected to see an improvement in sales in the second half of our fiscal year, and the third quarter results support that. Adjusted EPS in the quarter was up 12 percent with strong operating margin performance. Free cash flow was very good again this quarter.
“Through nine months, organic sales are up 1 percent year over year and segment operating margin has expanded 30 basis points. Our entire organization has done a great job driving productivity in what continues to be a low growth environment.”

Key Stats (on next page)…

Revenue increased 7.83% from $1.52 billion in the previous quarter. EPS increased 15.79% from $1.33 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.55 to a profit $1.53. For the current year, the average estimate has moved down from a profit of $5.51 to a profit of $5.48 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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