Rockwell Automation Q3 Earnings Top Views

Loading...
Loading...
Rockwell Automation
ROK
reported upbeat earnings for its fiscal third quarter on Wednesday. The Milwaukee, Wisconsin-based company posted quarterly net income of $206.1 million, or $1.52 per share, compared to $199.7 million, or $1.43 per share, in the year-ago period. On an adjusted basis, the company's earnings rose to $1.59 per share from $1.49 per share. Its revenue slipped around 4.5 percent year-over-year to $1.58 billion from $1.65 billion. However, analysts were expecting earnings of $1.54 per share on revenue of $1.58 billion. The average estimate among 5 Estimize users was for earnings of $1.57 per share and revenue of $1.59 billion. Architecture & Software sales declined 4.4 percent to $683.5 million in the latest quarter, while Control Products & Solutions sales dropped 4.6 percent to $891.7 million. Total segment operating earnings climbed 5 percent year-over-year to $343.7 million in the third quarter, while segment operating margin widened to 21.8 percent from 19.8 percent. Pre-tax margin expanded to 18.1 percent, compared to 16.6 percent. During the third quarter, Rockwell Automation repurchased 956 thousand shares of its common stock at a total cost of $115.3 million. Keith D. Nosbusch, chairman and chief executive officer, said, "I am pleased with our performance in the quarter. We delivered another quarter of solid earnings growth, significant margin expansion, and strong free cash flow despite continued headwinds from currency and a low growth environment. Through three quarters, Adjusted EPS was up 12 percent on lower reported sales. Our results demonstrate excellent execution in these market conditions." Rockwell Automation narrowed its fiscal 2015 adjusted earnings forecast to $6.55 per share to $6.70 per share. Rockwell Automation shares gained 2.50 percent to close at $119.23 yesterday.
Loading...
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceprofit
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...