Chief Information Security Officers (CISOs) and security specialists examine the short-, medium- and long-term cybersecurity landscape The 11-video season comprises interviews with IT/OT thought leaders and chief information and security officers (CISO) from critical-infrastructure companies, supported by senior specialists and industry advocates from Rockwell Automation. Covering evolving cyber threats and the challenges of addressing stringent legislation, including NIS2, the series also uncovers the vari ...

Leading Italian machine builder IMA Automation is seeing significant simplification and speed benefits in the design and evolution of automotive application solutions IMA Automation, a division of IMA Group, has successfully demonstrated the capabilities of the RapidLaunch platform in the design, virtual test, and build of a prototype box cell developed for the assembly of electrical vehicle e-motors. The Italian machine builder is now looking to deploy it for future technologies it is developing for the as ...

Rockwell Automation Inc. (ROK) announced that it is expanding its collaborations with NVIDIA (NVDA) to accelerate the development of safer and smarter industrial AI mobile robots in manufacturing. This move will help customers improve performance and efficiency. Previously, in March 2024, the companies collaborated to accelerate a next-generation industrial architecture. ROK intends to transform the industry by designing the factory of the future, making it easier for automation customers to digitize indust ...

OTTO Motors by Rockwell Automation will create next-generation autonomous mobile robots enhanced with NVIDIA technologies BRUSSELS, June 3, 2024 /PRNewswire/ -- Rockwell Automation, Inc., the world's largest company dedicated to industrial automation and digital transformation, today announces further collaborations with NVIDIA to supercharge the development of safer and smarter industrial AI mobile robots. Earlier this year, Rockwell announced its ongoing work with NVIDIA to increase the scale and scope of ...

Core Insights - Warmflow, a family-owned home heating technology company, is set to become the first in Ireland to implement Rockwell Automation's Plex ERP, QMS, and MES solutions, aiming to enhance digital capabilities and empower employees [1][2]. Company Overview - Established in 1970, Warmflow is dedicated to digital innovation and aims to optimize operations and enhance efficiency through the adoption of the Plex Smart Manufacturing Platform [2]. - The Plex solution will consolidate multiple systems into a single cloud-based platform, improving manufacturing execution, enterprise resource planning, and quality management [2]. Project Outcomes - The implementation is expected to lead to significant reductions in capital investment in stock and improved production planning through real-time insight-driven forecasting [3]. - A value engineering assessment report indicated substantial savings and a rapid return on investment by addressing scheduling and stockholding challenges [5]. Collaboration and Implementation - The project was developed in collaboration with ControlSoft Automation Systems, a gold-level system integrator within the Rockwell Automation PartnerNetwork, which specializes in providing turnkey solutions for various industries [4]. - The cloud-based architecture of the Plex solution is designed to be scalable and quick to implement, making it suitable for mid-size companies [4]. Future Prospects - Warmflow's manufacturing director emphasized the importance of selecting the right partner for their ERP, QMS, and MES needs as they look to advance their operations and focus on R&D for sustainable technologies [6]. - The integration of all digital solutions will be supported by a unified LifecycleIQ Services contract, providing a single point of contact for support [6].

Partnership to help UK manufacturing startup begin production of customized EV batteries for smaller and mid-sized automotive OEMs BRUSSELS, May 21, 2024 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced a new multi-year, global partnership with IONETIC, a UK startup dedicated to making EV batteries affordable for small- to medium-sized automakers. About Rockwell Automation Rockwell Automation, In ...

Have you assessed how the international operations of Rockwell Automation (ROK) performed in the quarter ended March 2024? For this industrial equipment and software maker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth jour ...

USA News Group Commentary Issued on behalf of Integrated Cyber Solutions Inc. VANCOUVER, BC, May 13, 2024 /PRNewswire/ -- The necessity of cybersecurity measures continues to grow rapidly, with the costs of cybercrime soaring to an alarming $8 trillion. According to a report from McKinsey and Company, the global cybersecurity market is projected to explode tenfold to between $1.5-2 trillion in the next few years. In response, several major M&A deals are stirring in the sector, including Rockwell Automation, ...

Rockwell Automation Inc. (ROK) reported adjusted earnings per share (EPS) of $2.50 in second-quarter fiscal 2024 (ended Mar 31, 2024), surpassing the Zacks Consensus Estimate of $2.15. The bottom line declined 17% year over year, primarily attributed to lower sales volume and operating margins in the Intelligent Devices, and Software & Control segments. This was somewhat offset by the improved performance of the Lifecycle Services segment.Including one-time items, earnings were $2.31 per share compared with ...

Sales Performance - Total sales for the second quarter of 2024 were $2,126.0 million, a decrease of 6.6% compared to $2,275.4 million in the same quarter of 2023[123]. - Intelligent Devices segment sales were $973.5 million, down from $1,023.2 million year-over-year, reflecting a decline of 4.9%[123]. - Software & Control segment sales decreased by 23.1% to $570.0 million from $741.1 million in the prior year[123]. - Lifecycle Services segment sales increased by 14.0% to $582.5 million compared to $511.1 million in the same quarter of 2023[123]. - Total company sales decreased by 6.6% and 1.8% year over year for the three and six months ended March 31, 2024, respectively, with organic sales down 8.1% and 3.9%[124]. - North America sales for the three months ended March 31, 2024, were $1,293.6 million, a decrease of 1.3%, while Latin America saw an increase of 13.5% to $163.6 million[125]. - For the three months ended March 31, 2024, reported sales totaled $2,126.0 million, with organic sales at $2,090.8 million, reflecting a decrease from $2,275.4 million in the same period of 2023[163]. - For the six months ended March 31, 2024, total company sales were $4,178.1 million, compared to $4,256.4 million in the same period of 2023, showing a decline in overall sales performance[164]. - The Intelligent Devices segment reported sales of $973.5 million for the three months ended March 31, 2024, down from $1,023.2 million in the same period of 2023[164]. - The Asia Pacific region experienced a decline in reported sales to $269.9 million for the three months ended March 31, 2024, compared to $334.2 million in the prior year[163]. Financial Performance - Net income attributable to Rockwell Automation for the second quarter of 2024 was $266.2 million, down from $300.3 million in the same quarter of 2023, representing a decline of 11.3%[123]. - Diluted EPS for the second quarter of 2024 was $2.31, compared to $2.59 in the same quarter of 2023, a decrease of 10.8%[123]. - Income before income taxes was $310.4 million for the three months ended March 31, 2024, down from $351.4 million in the same period last year[127]. - Total segment operating margin for the second quarter of 2024 was 19.0%, down from 21.3% in the same quarter of 2023[123]. - Adjusted EPS for the six months ended March 31, 2024, was $4.54, down 17.2% compared to $5.48 in the same period last year[132]. - Net income attributable to Rockwell Automation for the six months ended March 31, 2024, was $481.4 million, a decrease of 29.7% compared to $684.3 million for the same period in 2023[145]. - The effective tax rate for the three months ended March 31, 2024, was 14.5%, down from 16.1% in the same period last year[129]. - The effective tax rate for the six months ended March 31, 2024, was 16.1%, down from 17.8% in the same period of 2023[145]. Cash Flow and Capital Expenditures - Cash provided by operating activities was $152.4 million for the six months ended March 31, 2024, compared to $253.4 million for the same period in 2023, reflecting a decrease of 40%[146]. - Free cash flow for the six months ended March 31, 2024, was $33.3 million, significantly lower than $197.7 million for the same period in 2023, a decline of 83.2%[147]. - Capital expenditures increased to $119.1 million for the six months ended March 31, 2024, compared to $55.7 million in the same period of 2023, representing a 113% increase[147]. - The company expects future cash uses to include working capital, capital expenditures, dividends, and acquisitions, funded by existing cash, operating cash flows, and credit facilities[151]. - The company had approximately $625.3 million remaining for share repurchases under its existing board authorization as of March 31, 2024[150]. Restructuring and Future Outlook - The company anticipates approximately $100 million in savings from restructuring actions in the second half of 2024, offset by estimated restructuring costs of about $60 million[116]. - The company aims to achieve faster secular growth in traditional markets driven by customer needs for resiliency and sustainability[118]. - The company expects approximately $3.8 million of pre-tax net unrealized gains on cash flow hedges to be reclassified into earnings over the next 12 months[159]. - The company believes there has been no material change to its contractual cash obligations as of March 31, 2024, compared to the previous reporting period[160]. - The company engaged a third-party valuation specialist for the fair value allocation of intangible assets acquired through the acquisition of Clearpath, with a technology asset valued at $269.9 million[166].