Leading automotive tier-one supplier leverages 'single source of truth' software platform to accelerate digital transformation, empower employees, and optimize production BRUSSELS, Feb. 5, 2025 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced that Bayrak Technik GmbH, a leading supplier of interior, exterior and chassis components for the global automotive industry, has expanded its deployment of ...

Toronto, Ontario--(Newsfile Corp. - January 28, 2025) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats'' or the "Company"), a global leader in software supply chain security, announces that it has signed a three-year agreement with Rockwell Automation, Inc. ("Rockwell") (NYSE: ROK), the world's largest pure-play industrial automation company.To view an enhanced version of this graphic, please visit:https://reportify-1252068037.cos.ap-beijing.myqcloud.com/media/production/n_image_adc293b1eb ...

Rockwell Automation Inc. (ROK) is anticipated to witness a decline in revenues and earnings when it reports first-quarter fiscal 2025 results next week. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for Rockwell Automation’s earnings has moved down over the past 60 days to $1.61 per share. The consensus mark implies a 21% plunge from the year-ago actual. The consensus estimate for revenues is pegged at $1.87 billion, indicating an 8.7% year-over-year dec ...

Team of researchers will help develop industrial technologies of the futureBRUSSELS, Jan. 23, 2025 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, is expanding its Advanced Technology team by opening a new research lab in Prague, Czech Republic. The purpose of the Advanced Technology team is to not only help Rockwell deliver new products and services, but to advance the entire automation industry through robust ...

I recommended a hold rating for Rockwell Automation (NYSE: ROK ) when I wrote about it last year as I expected the company to miss its FY24 guidance. Based on my current outlook and analysis, I recommendI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, ...

Rockwell Automation Inc. (ROK) is poised to benefit from optimizing its portfolio and price increase actions. Investments made by ROK across many end markets, coupled with higher automation and digital transformation, will support it. Recent acquisitions will also boost Rockwell Automation’s performance in the upcoming quarters. Let us delve deeper and analyze the factors that make this stock worth holding on to at present.Rockwell Automation’s Focus on Portfolio ExpansionROK is poised well to benefit from ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ 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. (Exact name of registrant as specified in its charter) Delaware 25-179761 ...

Have you assessed how the international operations of Rockwell Automation (ROK) performed in the quarter ended September 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 modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth p ...

Core Insights - Rockwell Automation Inc. reported adjusted earnings per share (EPS) of $2.47 for Q4 fiscal 2024, exceeding the Zacks Consensus Estimate of $2.40, but down 32% year over year due to lower sales volume [1][8] - Total revenues for Q4 were $2.04 billion, a decline of 20.6% from the prior year, missing the Zacks Consensus Estimate of $2.07 billion [2][9] - The company expects adjusted EPS for fiscal 2025 to be in the range of $8.60 to $9.80, indicating a potential year-over-year dip of 5% at the midpoint [12] Financial Performance - The cost of sales decreased by 16.1% year over year to $1.26 billion, while gross profit fell 27% to $771 million [3] - Consolidated segment operating income totaled $409 million, down 28.5% from the prior year, with a total segment operating margin of 20.1% [4] - For fiscal 2024, adjusted EPS was $9.71, beating the Zacks Consensus Estimate of $9.65, but down 20% year over year [8] Segment Analysis - Intelligent Devices segment reported net sales of $946 million, down 19.2% year over year, with operating earnings of $195 million [5] - Software & Control segment saw net sales fall 38.9% to $502 million, with operating earnings plunging 59.3% to $112 million [6] - Lifecycle Services segment reported net sales of $588 million, up 3% year over year, with operating earnings of $102 million [7] Cash Position and Share Repurchase - At the end of fiscal 2024, cash and cash equivalents were $0.47 billion, down from $1.07 billion at the end of fiscal 2023 [10] - The company repurchased 2.2 million shares for $594 million during fiscal 2024, with $1.3 billion remaining under the existing share-repurchase authorization [11] Market Performance - Over the past year, Rockwell Automation shares gained 16.5%, contrasting with a 7% decline in the industry [13]

Financial Data and Key Metrics - Q4 sales declined 21% YoY compared to 18% growth in Q4 of the previous year, primarily due to difficult YoY comparisons, channel destocking effects, and slower end-user demand [15] - Organic sales in the Intelligent Devices segment declined 20% YoY, with products down but configured-to-order offerings and acquisitions growing YoY [16] - Software & Control organic sales were down over 30% YoY, with logic shipments weaker due to slower end demand in product-centric markets [18] - Lifecycle Services organic sales grew about 2% YoY, with a book-to-bill ratio of 0.9, slightly below the historical average for Q4 [21] - Adjusted EPS for Q4 was $2.47, above expectations due to price and one-time items, including a $22 million benefit from an earn-out adjustment [40] - Free cash flow for Q4 was $367 million, $409 million lower than the prior year, primarily due to lower pretax income [41] Business Line Performance - Intelligent Devices segment margin was 20.6%, down 70 basis points YoY, driven by lower sales volume and unfavorable mix [42] - Software & Control segment margin was 22.3%, down about 1,100 basis points YoY, mainly due to lower shipments of Logix controllers [43] - Lifecycle Services segment margin was 17.4%, up 890 basis points YoY, driven by strong project execution and Sensia margin improvement [45] - Annual recurring revenue (ARR) grew 16% in the quarter, now representing over 10% of total revenue, with double-digit growth across software and services offerings [22] Market Performance - North America was the best-performing region, with sequential order growth in Q4, while Asia contributed the largest sequential decline [14] - Sales in discrete industries were impacted by declines in automotive and semiconductor markets, partially offset by growth in e-commerce and warehouse automation [23] - Automotive sector saw EV project delays, but the company continued to win business in traditional ICE and hybrid programs [24] - e-Commerce & Warehouse Automation sales increased 25% YoY, driven by continued investments in warehouse upgrades and data center investments [27] - Process industries saw sales growth impacted by difficult comps, with over 25% growth in Q4 of the previous year [31] Company Strategy and Industry Competition - The company is focusing on cost savings, with $110 million of cost reductions realized in the second half of fiscal 2024, $10 million above the initial target [10] - Rockwell is expanding its market share in the U.S., with modest gains over the past few years, and is broadening its cost-saving activities under the new CFO [9][10] - The company is investing in new product introductions, including both hardware and software, with a strong focus on innovation and customer support [64] - Rockwell is leveraging its acquisitions, such as ClearPath and Verve, to expand its customer value in production, logistics, and cybersecurity spaces [36] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about the U.S. manufacturing sector and the potential for policies that spur innovation and streamline project approvals [6] - The company expects Q1 orders to be flat sequentially, with sales down high single digits due to seasonality and slower orders in Q4 of fiscal 2024 [14] - For fiscal 2025, the company projects sales growth in the range of positive 2% to negative 4%, with gradual sequential improvement expected throughout the year [38] - Management anticipates $250 million in cost savings in fiscal 2025 from productivity and margin expansion projects [54] Other Important Information - The company repurchased approximately 450,000 shares in Q4 at a cost of $118 million, with $1.3 billion remaining under its repurchase authorizations [41] - Rockwell expects free cash flow conversion to return to 100% in fiscal 2025, with adjusted EPS guidance ranging from $8.60 to $9.80, with $9.20 at the midpoint [56] - The company plans to deploy $300 million in share repurchases during fiscal 2025 and expects corporate and other expenses to be around $130 million [63] Q&A Session Summary Question: Impact of U.S. Election and Potential Restocking - Management does not expect a rapid acceleration in restocking, with some distributors and machine builders already back to equilibrium [67] - The company did not see significant customer behavior changes during previous tariff implementations and is confident in its ability to adjust pricing if new tariffs are introduced [69] Question: Outlook for Discrete, Hybrid, and Process Markets in 2025 - Management expects a gradual recovery in discrete markets, with continued activity in hybrid and process markets, particularly in Life Sciences and e-commerce [72][73] - The company anticipates a sequential ramp in orders throughout fiscal 2025, with Lifecycle Services contributing positive growth due to its exposure to process markets [75] Question: Order Conversion Timeline and European Machine Builders - Orders for products are typically converted to shipments within weeks, while configure-to-order products and Lifecycle Services projects may take months [80] - European machine builders are expected to perform decently in fiscal 2025, with the Americas remaining the best-performing region [83] Question: Q1 2025 Guidance and Margin Expectations - Q1 margins are expected to be in the low to mid-teens, with gradual improvement throughout the year to reach the full-year segment margin target of just under 19% [57][105] Question: Intelligent Devices Segment and Channel Destocking - The step-down in Intelligent Devices revenue in Q1 is attributed to seasonal lows and the shipment of backlog in 2024, with end-user demand being the primary driver moving forward [108][111] Question: Non-R&D Investments and Facility Expansions - The company is making structural investments, including expanding CUBIC's footprint, a new facility in India, and IT infrastructure improvements, with a mix of OpEx and CapEx [116]