earnings
confidence high
sentiment positive
materiality 0.75
Rockwell Automation Q3 sales up 13.7% YoY, beats EPS; raises FY2023 guidance
ROCKWELL AUTOMATION, INC
2023-Q3 EPS reported
$9.34
revenue$6,495,100,000
- GAAP EPS $3.45 vs $2.55 YoY; adjusted EPS $3.01 vs $2.66, both up >13%.
- Total ARR grew 17% YoY; Software & Control sales up 23.7% to $751M.
- Raises FY2023 diluted EPS guidance to $12.46-$12.86 (from $11.71-$12.41).
- Free cash flow $240M, down from $327M due to higher working capital and taxes.
- Intelligent Devices sales $968M (+10.2%) but segment margin down to 16.8% from 19.7%.