Rockwell Automation(US:ROK)2024-01-31 18:43Q1 FY24 Financial Performance - Reported sales increased by 3.6% year-over-year, while organic sales grew by 1.0% year-over-year[11] - Currency fluctuations increased sales by 1.2%[3] - Adjusted EPS decreased by 17% year-over-year to $2.04[11] - Segment margin was 17.3%, a decrease of (290) bps year-over-year[36] - Free cash flow was $(35) million, a decrease of $(77) million compared to the previous year[41] Segment Performance - Intelligent Devices sales were $927 million, with organic growth of (4.5)%[42] - Software & Control sales were $604 million, with organic growth of 4.0%[42] - Lifecycle Services sales were $521 million, with organic growth of 8.1%[42] Industry Segment Performance - Discrete industry sales were down approximately 10%[4] - Hybrid industry sales were flat[4] - Process industry sales were up approximately 10%[4] FY24 Outlook - The company reaffirms total sales growth range of 0.5% - 6.5% and organic growth range of (2.0)% - 4.0%[40] - Acquisitions are expected to contribute approximately 1.5 percentage points to growth[40] - The company reaffirms adjusted EPS range of $12.00 - $13.50, up approximately 5% year-over-year at the midpoint[40] - Total ARR is still expected to grow ~15% YOY[7] Regional Performance - North America organic sales grew by 4.2%[38] - EMEA organic sales decreased by (2.2)%[14] - Asia Pacific organic sales decreased by (7.4)%[14] - Latin America organic sales decreased by (0.5)%[14]