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].

Rockwell Automation, Inc. (NYSE:ROK) Q2 2024 Results Conference Call May 7, 2024 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 Nigel Coe - Wolfe Research Julian Mitchell - Barclays Noah Kaye - Oppenheimer Steve Tusa - JPMorgan Rob Mason - Baird Joe Ritchie - Goldman Sachs Joe O'Dea - Wells Fargo Operator Thank you for holding, and welcome to Rockwell Automation's quarterly conference cal ...

Rockwell Automation (ROK) reported $2.13 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 6.6%. EPS of $2.50 for the same period compares to $3.01 a year ago.The reported revenue represents a surprise of +4.22% over the Zacks Consensus Estimate of $2.04 billion. With the consensus EPS estimate being $2.15, the EPS surprise was +16.28%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Rockwell Automation (ROK) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $3.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.28%. A quarter ago, it was expected that this industrial equipment and software maker would post earnings of $2.62 per share when it actually produced earnings of $2.04, delivering a surprise of -22.14%.Over ...

Exhibit 99 1201 S. Second Street Milwaukee, WI 53204 USA News Release Contact Ed Moreland Media Relations Rockwell Automation 571.296.0391 Aijana Zellner Investor Relations Rockwell Automation 414.382.8510 Rockwell Automation Reports Second Quarter 2024 Results; Updates Fiscal 2024 Guidance MILWAUKEE (May 7, 2024) — Rockwell Automation, Inc. (NYSE: ROK) today reported second quarter fiscal 2024 results. "Execution in the second quarter was solid, and we continue to see sequential order improvement. However, ...

Included in Fiix Asset Risk Predictor, Fiix Prescriptive Maintenance transforms asset health predictions into actionable work orders BRUSSELS, May 2, 2024 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, is excited to add cutting-edge, generative artificial intelligence (GenAI) prescriptive work orders to Fiix Asset Risk Predictor software, creating the first complete predictive and prescriptive maintenance solu ...

Rockwell Automation Inc. (ROK) is expected to report a decline in both revenues and earnings when it reports second-quarter fiscal 2024 results later this month.The Zacks Consensus Estimate for ROK’s fiscal second-quarter revenues is pegged at $2.09 billion, indicating a 8.4% decline from the year-ago quarter’s actual. The same for earnings is pinned at $2.15 per share, suggesting a 28.6% plunge from the year-ago quarter’s reported figure.Q1 PerformanceIn the last reported quarter, the company reported lowe ...

Wall Street analysts forecast that Rockwell Automation (ROK) will report quarterly earnings of $2.15 per share in its upcoming release, pointing to a year-over-year decline of 28.6%. It is anticipated that revenues will amount to $2.09 billion, exhibiting a decline of 8.4% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 3.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsiderati ...