Data center orders reached a record EUR 1.8 billion , with “a bit more than half” of those orders larger in size. Smart Infrastructure’s backlog rose to an all-time high of EUR 20.2 billion , which Thomas said provides “excellent visibility” for fiscal 2026.CFO Ralf Thomas said Smart Infrastructure delivered an “outstanding performance,” with orders rising 22% to a record EUR 7.2 billion and book-to-bill reaching 1.30 . He attributed the increase to growth of 38% in the electrification business and 22% in e ...

Group 1 - Siemens Aktiengesellschaft has conducted a share buyback program, with 292,818 shares repurchased from September 15 to September 21, 2025 [2][4] - The total number of shares repurchased since the start of the program on February 12, 2024, amounts to 16,778,642 shares [4] - The share buyback transactions are executed exclusively on the electronic trading platform of the Frankfurt Stock Exchange (Xetra) [4] Group 2 - The share buyback activity included daily purchases, with specific volumes and prices recorded for each day from September 15 to September 19, 2025 [3] - The prices for the shares bought back during this period ranged from approximately €224.90 to €229.65 [3]

Core Viewpoint - Rockwell Automation is positioned to benefit from the U.S. government's tariffs aimed at boosting domestic manufacturing, as the company produces automation equipment that will be in demand with the onshoring trend [3][4][5]. Group 1: Impact of Tariffs - The tariffs imposed by the Trump administration, including a 25% tariff on Canadian and Mexican goods and a 10% tariff on Chinese products, are intended to make domestic products more competitive [1][2]. - Critics argue that these tariffs may lead domestic manufacturers to increase prices, potentially squeezing margins [2]. Group 2: Business Opportunities - Rockwell Automation specializes in automation equipment, including robots, which will be essential for new factories being established in the U.S. due to the onshoring trend [4][5]. - Major investments in the U.S., such as the $500 billion Stargate project and significant investments from companies like Apple and Taiwan Semiconductor Manufacturing Company, are expected to require Rockwell's industrial automation products and services [6]. Group 3: Competitive Advantage - Over 70% of Rockwell's products are manufactured in the U.S., which may allow the company to gain market share from competitors like Siemens and Mitsubishi Electric as onshoring revives domestic sales [7]. - Rockwell's focus on improving factory efficiency is likely to enhance margins for its customers, further solidifying its market position [7]. Group 4: Financial Performance - In the fiscal first quarter of 2025, Rockwell reported earnings per share (EPS) of $1.83, exceeding analyst estimates, although revenues fell 8.3% year-over-year to $1.88 billion [8]. - The company provided conservative guidance for fiscal 2025, with EPS expected between $8.60 and $9.80, and revenues forecasted around $8.1 billion [9]. Group 5: Management Outlook - CEO Blake Moret anticipates $250 million in productivity gains for fiscal 2025, driven by cost-cutting measures and expanding margins [10]. - Moret expressed confidence that Rockwell is well-positioned to benefit from tariffs, despite potential near-term disruptions in the global supply chain [11].