Rockwell Automation, Inc. (NYSE:ROK) Q3 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Aijana Zellner – Head-Investor Relations and Market Strategy Blake Moret – Chairman and Chief Executive Officer Nick Gangestad – Chief Financial Officer Conference Call Participants Andy Kaplowitz – Citigroup Josh Pokrzywinski – Morgan Stanley Julian Mitchell – Barclays Jeff Sprague – Vertical Research Andrew Obin – Bank of America Steve Tusa – JPMorgan Noah Kaye – Oppenheimer Nigel Coe – Wol ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ to _______ Commission file number 1-12383 ______________________________ ...

Rockwell Automation Inc. (NYSE:ROK) Q2 2023 Results Conference Call April 27, 2023 8:30 AM ET Company Participants Aijana Zellner - Head of IR Blake Moret - Chairman and CEO Nick Gangestad - CFO Conference Call Participants Andy Kaplowitz - Citigroup Josh Pokrzywinski - Morgan Stanley Andrew Obin - Bank of America Julian Mitchell - Barclays Steve Tusa - JPMorgan Nigel Coe - Wolfe Research Rob Mason - Baird Phil Buller - Berenberg Jairam Nathan - Daiwa Operator Thank you for holding, and welcome to Rockwell ...

Financial Guidance - Reported sales growth guidance for 2023 is projected at 12.5% - 16.5% with organic sales growth expected to be between 13.0% - 17.0%[114] - Diluted EPS guidance is set at $11.71 - $12.41, while adjusted EPS is forecasted to be $11.50 - $12.20[114] - The effective tax rate for fiscal 2023 is expected to be approximately 17.5%[140] Sales Performance - Total sales for the three months ended March 31, 2023, were $2,275.4 million, a 25.8% increase year over year, while sales for the six months were $4,256.4 million, up 16.1% year over year[116] - Organic sales increased by 27.3% for the three months and 18.5% for the six months ended March 31, 2023, with pricing contributing approximately 6.5% and 7.0% to total sales, respectively[117] - International sales accounted for less than 50% of total sales, with persistent supply chain disruptions and labor shortages impacting performance[109][110] Segment Performance - Intelligent Devices segment sales rose 26.5% for the three months and 14.7% for the six months ended March 31, 2023, with organic sales increasing by 26.8% and 16.2%, respectively[128] - Software & Control segment sales increased by 38.5% for the three months and 25.3% for the six months ended March 31, 2023, with organic sales growth of 41.6% and 28.8%, respectively[131] - Lifecycle Services sales grew by 10.0% and 8.3% year over year for the three and six months ended March 31, 2023, with organic sales increasing by 11.7% and 11.0%[133] Income and Earnings - Net income attributable to Rockwell Automation was $300.3 million or $2.59 per share for the three months ended March 31, 2023, compared to $53.9 million or $0.46 per share in the same period of 2022[125] - Adjusted EPS for the three months ended March 31, 2023, was $3.01, an 81.3% increase from $1.66 in the same period of 2022[125] - Total segment operating earnings increased by 70.8% for the three months ended March 31, 2023, driven by higher sales volume and pricing increases[122] Cash Flow and Debt - Cash provided by operating activities was $253.4 million for the six months ended March 31, 2023, compared to $78.8 million for the same period in 2022[142] - Free cash flow for the six months ended March 31, 2023, was $197.7 million, compared to $(3.2) million for the same period in 2022[142] - As of March 31, 2023, short-term debt included commercial paper borrowings of $434.5 million with a weighted average interest rate of 4.84%[144] Strategic Initiatives - The company aims for free cash flow to equal about 100% of adjusted income and expects acquisitions to contribute at least one percentage point to long-term sales growth annually[105] - The company is focused on enhancing market access through building channel capabilities and expanding its partner network[106] - Supply chain management includes securing longer-term supply agreements and diversifying the supplier base to mitigate risks associated with component procurement[111][115] Market Conditions - In the second quarter of 2023, U.S. sales accounted for over 50% of total sales, with Manufacturing PMI readings below 50 indicating contraction in the manufacturing sector[107][110] - The Producer Price Index (PPI) year-over-year increase has declined over the past four quarters, with March 2023 PPI showing a 2.7% increase compared to the previous year[108] - The company anticipates continued improvement in electronic component availability, which is critical for meeting demand and reducing backlog[113] Future Outlook - Future revenue growth rates are expected to reflect significant growth over the next five years before moderating to long-term average inflationary rates[163] - Margin assumptions indicate that recent cost pressures will be compensated through pricing on future orders[163] - Demand for Sensia products is sensitive to industry volatility, including commodity prices and supply and demand dynamics[163] Compliance and Risk - Environmental compliance and claims have not materially changed as of March 31, 2023[166] - The company believes there has been no material change in exposure to foreign currency risk and interest rate risk as of March 31, 2023[168]

Financial Data and Key Metrics Changes - Total sales grew almost 7% year-over-year, with organic sales up 10% [104] - Adjusted EPS grew 15% year-over-year, reaching $2.46 [124] - Segment operating margin expanded to 20.2%, a 110 basis point increase year-over-year [124] - Free cash flow of $42 million was $91 million higher compared to last year [124] Business Line Data and Key Metrics Changes - Intelligent Devices organic sales increased about 7% year-over-year [105] - Software and Control organic sales grew almost 16% year-over-year, driven by redesign efforts [105] - Lifecycle Services organic sales were up 10% year-over-year, with a book-to-bill ratio of 1.21 [106] - Information Solutions and Connected Services saw double-digit year-over-year growth [106] Market Data and Key Metrics Changes - North America organic sales grew 8% year-over-year, while EMEA sales increased by over 13% [121] - Semiconductor sales grew over 20% year-over-year, reflecting strong demand [117] - Food and beverage sales were up over 15% year-over-year, indicating robust market activity [119] Company Strategy and Development Direction - The company is focusing on automation to address customer challenges and enhance productivity [68] - There is an emphasis on expanding the annual recurring revenue (ARR) streams through software and services [5] - The company is positioning itself for a resilient and sustainable future, leveraging strong market share in the U.S. [68] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the improving supply chain landscape, although challenges remain [12] - The company anticipates a high backlog at the end of fiscal 2023, setting up for strong growth in 2024 [38] - There is a recognition of macroeconomic concerns, but the company expects continued strong demand across key verticals [82] Other Important Information - The company is increasing its adjusted EPS guidance to $10.70 to $11.50, representing 17% growth [66] - The fiscal 2023 guidance projects total reported sales growth of 12% and organic sales growth of 13% [122] - The company repurchased approximately 600,000 shares at a cost of $156 million during the quarter [133] Q&A Session Summary Question: How is the current cycle for CapEx affecting recurring revenues? - Management highlighted a focus on adding annual recurring revenue (ARR) and noted double-digit growth in this area, although it remains a small part of the total business [4][5] Question: What is the status of electronics availability? - Management characterized the landscape as generally improving, with ongoing efforts to mitigate supply chain risks [11][12] Question: Are customer order patterns still impacted by lead times? - Management indicated that while lead times are still a factor, they are seeing improvements and strong demand continues [24][82] Question: How is the Inflation Reduction Act impacting customer investment decisions? - Management acknowledged that some customers are waiting for clarity on treasury guidance, which could influence their investment decisions [20] Question: What are the expectations for backlog and CapEx plans? - Management confirmed that backlog levels will remain high, driven by strong demand across various industries [38][130]

STATEMENT PUBLIC | Copyright ©2023 Rockwell Automation, Inc. | 2 ▶ Cancellations flat to prior quarter and remain in low single digits ▶ Acquisitions contributed 0.8% ▶ Segment margin of 20.2%, up 110 bps YOY Q1 FY23 vs. Q1 FY22 Semiconductor up ~20% e-Commerce & Warehouse Automation down low teens DISCRETE ~ 30% Up mid single digits | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------------------|------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2022 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ to _______ Commission file number 1-12383 __________________________ ...

Rockwell Automation, Inc. (NYSE:ROK) Q4 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Aijana Zellner – Head-Investor Relations Blake Moret – Chairman and Chief Executive Officer Nick Gangestad – Chief Financial Officer Conference Call Participants Scott Davis – Melius Research Andrew Obin – Bank of America Jeff Sprague – Vertical Research Josh Pokrzywinski – Morgan Stanley Julian Mitchell – Barclays Brendan Luecke – Bernstein Steve Tusa – JPMorgan Andy Kaplowitz – Citi Phil ...

| --- | --- | --- | --- | --- | |---------------------------------|-------|-------|--------------------------------------|------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | VININ | | | | | | on expanding human possibility® | | | Q4 Fiscal 2022 Earnings Presentation | November 2, 2022 | nt Safe Harbor Statement 2 THIS PRESENTATION INCLUDES GUIDANCE AND OTHER STATEMENTS RELATED TO THE EXPECTED FUTURE RESULTS OF THE COMPANY AND ARE THEREFORE FO ...

Rockwell Automation, Inc. (NYSE:ROK) Q3 2022 Earnings Conference Call July 27, 2022 8:30 AM ET Company Participants Aijana Zellner – Head-Investor Relations Blake Moret – Chairman and Chief Executive Officer Nick Gangestad – Chief Financial Officer Conference Call Participants Scott Davis – Melius Research Josh Pokrzywinski – Morgan Stanley Andy Kaplowitz – Citigroup Julian Mitchell – Barclays Noah Kaye – Oppenheimer & Company Steve Tusa – J.P. Morgan Andrew Obin – Bank of America Operator Thank you for hol ...