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Rockwell Automation, Inc. (ROK)

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212.56+0.43 (+0.20%)
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  • S
    S
    July 27, 2022--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK) today reported third quarter fiscal 2022 results.

    "Rockwell delivered a strong quarter, both on top line and bottom line, with Adjusted EPS growing over 15% year over year. Our continued order strength reflects the value our customers place on Rockwell’s differentiated offerings and the increased need for automation solutions. This, coupled with gradually improving supply chain, strong operating performance, and price/cost execution resulted in exceptional earnings in the quarter," said Blake Moret, Chairman and CEO.

    Fiscal Q3 2022 Financial Results

    Fiscal 2022 third quarter sales were $1,969 million, up 6.5% from $1,848 million in the third quarter of fiscal 2021. Organic sales increased 7.1%, currency translation decreased sales by 3.1%, and acquisitions increased sales by 2.5%.

    Fiscal 2022 third quarter net income attributable to Rockwell Automation was $298 million or $2.55 per share, compared to $271 million or $2.32 per share in the third quarter of fiscal 2021. The increases in net income attributable to Rockwell Automation and Diluted EPS are primarily due to higher sales, including price increases, lower pension and post-retirement costs, partially offset by fair value adjustments recognized in fiscal 2022 as compared to fiscal 2021 in connection with our investment in PTC (the "PTC adjustments"). Fiscal 2022 third quarter Adjusted EPS was $2.66, up 15% compared to $2.31 in the third quarter of fiscal 2021 primarily due to higher sales and higher margin. Price/cost was positive in the quarter.
    Total orders up 17% year over year

    Reported sales up 6.5% year over year; organic sales up 7.1%

    Acquisitions contributed 2.5%

    Currency reduced sales (3.1)%

    Total ARR up 59%; Organic ARR up 18%

    Diluted EPS of $2.55 and Adjusted EPS of $2.66; up 10% and 15% year over year, respectively

    Updates fiscal 2022 reported sales growth guidance to 10.5% - 12.5%; organic sales growth to 10% - 12%

    Updates fiscal 2022 Diluted EPS guidance to $7.74 - $8.14; Adjusted EPS guidance to $9.30 - $9.70
  • S
    S
    This really is a great get by Rockwell. "Rockwell Automation Inc (NYSE: ROK) agreed to acquire cloud-native innovative manufacturing platform Plex Systems for $2.22 billion in cash.

    Plex Systems' subscription-based innovative manufacturing platform accelerates customers' digital transformation and improves visibility into end-to-end production systems with easy-to-deploy, cloud-native solutions.

    A combination of cash and short-term and long-term debt will finance the acquisition.

    The acquisition is likely to close in Rockwell's Q4.

    Plex will be part of Rockwell's Software and Control operating segment.

    The acquisition is likely to be immediately accretive to Rockwell's operating margins.

    Plex acquisition is likely to accelerate Rockwell's annual recurring revenue goal achievement by two years.

    Rockwell will welcome over 500 new employees under the arrangement.

    Rockwell held $641.9 million in cash and equivalents as of March 31, 2021. It had $25.6 million in short-term debt and $1.98 billion in long-term debt."
  • S
    S
    Reported sales up 32.6 percent year over year; organic sales up 26.4 percent.
    Record orders of over $2 billion, up double digits year over year.
    Inorganic investments contributed 1.1 percent to reported sales growth.
    Diluted EPS of $2.32; Adjusted EPS of $2.31.
    Cash Flow from Operations of $461.5 million; Free Cash Flow conversion of 161%.
    Updating fiscal 2021 sales growth guidance to ~12% and organic sales growth guidance to ~8%.Updating fiscal 2021 Diluted EPS guidance to $12.85 - $13.05 and Adjusted EPS guidance to $9.10 - $9.30, including $(0.15) . They had a great quarter, but updated their guidance to negative growth due to covid-19 concerns and
    "continued supply chain constraints".
  • S
    S
    September 14, 2021--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK) and Ansys (NASDAQ: ANSS) today announced that the enhanced Studio 5000 Simulation Interface now connects with Ansys digital twins. This gives automation and process engineers new ways to use simulation to improve the design, deployment, and performance of industrial operations.
    "Connecting the digital and physical worlds with Studio 5000 Simulation Interface creates tremendous value for users," said Shane Emswiler, senior vice president of products, Ansys. "It can help them go from conceptual designs to physical equipment faster and at a lower cost. It can provide useful new insights during production. For instance, users can apply what-if scenarios to understand the impact of changes on a process. They can create virtual sensors to estimate values that are otherwise too expensive or not possible to get today, and they can predict outcomes like failures that hurt the bottom line."
    The Studio 5000 Simulation Interface allows users to connect a digital twin to either an emulated or physical controller. Connecting to an emulated controller can help them optimize production at the design stage before they have a physical controller or equipment. Connecting to a physical controller allows them to create a digital twin of how the equipment should run and compare it against actual performance.
  • S
    S
    adding to my position today. More robots and automation in store for the future, and Rockwell is a champion in automation.
  • S
    S
    Profits BEAT expectations and outlook tops forecast! 👌
    "We made great strides in the quarter on a number of fronts, despite the continuing effects of COVID and supply chain shortages. Record orders were broad based across all industries and businesses, and continued strategic investments including the Plex acquisition position us very well for the future," said Blake Moret, Chairman and CEO.

    Fiscal 2021 Q4 Financial Results

    Fiscal 2021 fourth quarter sales were $1,807.8 million, up 15.1% compared to $1,570.0 million in the fourth quarter of fiscal 2020. Organic sales increased 12.6%, currency translation increased sales by 1.5%, and acquisitions increased sales by 1.0%.

    Fiscal 2021 fourth quarter net income attributable to Rockwell Automation was $78.5 million or $0.67 per share, compared to $262.7 million or $2.25 per share in the fourth quarter of fiscal 2020. The decreases in net income attributable to Rockwell Automation and EPS were primarily due to fair-value adjustments recognized in the fourth quarter of fiscal 2021 and fiscal 2020 in connection with our investment in PTC (the "PTC adjustments"). Fiscal 2021 fourth quarter Adjusted EPS was $2.33, up 20.7% compared to $1.93 in the fourth quarter of fiscal 2020, primarily due to higher sales and a lower tax rate.

    Pre-tax margin was 0.2% in the fourth quarter of fiscal 2021, compared to 19.1% in the same period last year. The decrease in pre-tax margin was primarily due to the PTC adjustments.

    Total segment operating margin was 17.9% in the fourth quarter compared to 20.2% a year ago. The decrease in segment operating margin was primarily due to higher planned spend, the reinstatement of incentive compensation, and the reversal of temporary pay actions, partially offset by higher sales. Total segment operating earnings were $323.2 million in the fourth quarter of fiscal 2021, flat compared to $317.9 million in the same period of fiscal 2020.

    Cash flow provided by operating activities in the fourth quarter of fiscal 2021 was $204.1 million, compared to $325.8 million in the fourth quarter of fiscal 2020. Free cash flow was $160.4 million compared to $303.8 million in the fourth quarter of fiscal 2020, primarily due to higher working capital.

    Guidance 
    Our guidance reflects strong demand as well as record backlog entering into fiscal year 2022. Supply chain challenges remain dynamic, and our projections assume gradual improvement over the course of the year. 2022 will be a breakout year for Rockwell, with sales expected to exceed $8B as component supply improves. Major new product introductions and recent acquisitions will fuel continued orders growth globally across all industry segments. I'm excited to see our great people bring our strategy to life.
  • D
    Daniella
    it is good to save money but very wise to invest, cause your money works for you and grows more profit at the same thing while you just sit back and earn 100% income
    Its every moms dream to work from home to save on commuting and to be able to save on childcare and be there for their kids, that's the dream for me as well
  • E
    Eveldrive
    They beat estimates and upped guidance, and the stock tanks. What am I missing?
  • S
    S
    longs that have been invested in Rockwell Automation for many years understand the issue with the supply chain and inflation. I'm not buying more until the fed gets inflation under control, BUT I'm also not selling this top company. HOLD and be happy with the dividend. Management will work through this, even with the challenging circumstances. GLTA
  • B
    Bill
    Why I love ROK and other companies to booster productivity.
    Manufacturers and other businesses can sustain and even increase production, even in the services sector, by investing more in technologies that boost productivity. And it's already happening. The Q2 GDP reports shows that the amount of goods and services that were produced was 1% greater than the total amount of goods and services produced in Q4 of 2019, well before the pandemic struck. That is, GDP has fully recovered and then some to pre-pandemic levels. But more surprising is that all the goods and services produced in Q2 of this year were produced with 4.4% fewer workers than was the case in Q4 of 2019, as measured by nonfarm payrolls. Productivity has been soaring in recent quarters. With workers in short supply in some industries, companies have a greater incentive to invest in labor saving technologies. That seems to be an unexpected silver lining to the pandemic. When workers were lining up to be hired at an low wages there was much less interest in finding ways to increase worker productivity. Consider that the productivity boom of the late 1990s coincided with tight labor markets and rising real wages without runaway inflation.
  • T
    Timothy
    Most people remain poor because friends and relatives discourage and advised them against investing and trading for ex while the wise one keeps investing and growing higher financially..
  • w
    william
    Ok “S”, ROK A NEW ALL TIME 😎. Volume is only 170k @ 1:45 vs. average of 700k. Nobody’s selling! What do you think?
  • S
    S
    ROK hit a new 52 week high today! $300 soon. $350 by the end of Q3. IMO 👏
  • S
    S
    the senate passed 1 trillion infrastructure bill. Once (IF) the house passes it, Rockwell will benefit greatly! If we have a dip this week I will add. In the meantime we keep having new highs each week.
  • B
    Barnacle Barney
    Why is this trading at a 14% discount to a mostly cash offer ?
  • S
    S
    October 28, 2021--The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK), following its regular review, today declared a quarterly dividend of $1.12 per share on its outstanding common stock, payable December 10, 2021 to shareowners of record at the close of business on November 15, 2021. This increase of 5% from last quarter’s dividend of $1.07 reflects continued strong cash generation and reinforces the company’s commitment to returning cash to shareowners.
  • S
    S
    I think Rockwell is looking at $350-$400 by EOY. Too much automation demand, and demand in a "living wage" is just going to destroy more and more (human) jobs.
  • G
    Ground Zero Mind
    Just Sold Short 560 shares of ROK at $182.02. This is a Pure Earnings play. ROK reports before market open tomorrow and I think there is significant risk of a bad ER, and a significant sell-off tomorrow as a direct result. This stock is over-valued and there is every reason to expect the ER will be bad. Coronavirus impacts will be felt more on ER's going forward, than in previous months. I think this could get a 5-15% haircut tomorrow and the risk/reward ratio of this Short play is very good.
  • w
    william
    Big props to “S”! Thousands of shareholders and only S has
    a post. Sad. Another fabulous quarter from ROK.
    Thanks S.
  • C
    Coldone
    Consistently creeping higher. Looks like a buyout target...