earnings
confidence high
sentiment positive
materiality 0.75
Rockwell Automation Q1 sales up 6.7% to $1.98B; adj. EPS $2.46; raises FY23 guidance
ROCKWELL AUTOMATION, INC
2023-Q1 EPS reported
$3.31
revenue$1,981,000,000
- Reported sales $1,981M (+6.7% YoY); organic sales +9.9%; diluted EPS $3.31, adjusted EPS $2.46 (+15% YoY).
- Intelligent Devices sales $936M (+4%), margin 22.4%; Software & Control sales $573M (+11.6%), margin 29.2%; Lifecycle Services sales $472M (+6.4%), margin 5.2%.
- FY23 guidance raised: reported sales growth 10-14% (prior 7.5-11.5%); organic 11-15%; adjusted EPS $10.70-$11.50 (prior $10.20-$11.00).
- Free cash flow $42.1M vs -$49.1M YoY; share repurchases $156M; organic ARR up 14%.
- Pre-tax margin 23.6% (up from 15.2%) driven by PTC fair value adjustments; total segment operating margin 20.2%.