Rockwell Automation Q1 sales up 3.6% but diluted EPS falls 44% to $1.86; guidance narrowed

ROCKWELL AUTOMATION, INC

2024-Q1 EPS reported $1.86 revenue$2,052,100,000

Reported sales $2.05B (+3.6% YoY), organic +1.0%; diluted EPS $1.86, adj. EPS $2.04 (down 17% YoY).
Total segment operating margin 17.3% vs 20.2% a year ago; free cash flow negative $(35.3)M.
FY2024 diluted EPS guidance narrowed to $11.24-$12.74 (from $11.49-$12.99); adj. EPS reaffirmed $12.00-$13.50.
Intelligent Devices sales down 1.0% (organic -4.5%); Software & Control up 5.3%; Lifecycle Services up 10.5%.
Total ARR grew 20% (organic 18%); share repurchases $120.3M in Q1.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ROCKWELL AUTOMATION, INC reported first quarter fiscal 2024 results: revenue $2,052 million, net income $215 million, EPS $1.86. Guidance reaffirmed.

Period: first quarter fiscal 2024
Revenue: $2,052 million
Net income: $215 million
EPS: $1.86
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the growing value of our recurring software and services," said Blake Moret, Chairman and CEO. Fiscal Q1 2024 Financial Results Fiscal 2024 first quarter sales were $2,052 million, up 3.6% from $1,981 million in the first quarter of fiscal 2023. Organic sales increased 1.0%, currency translation increased sales by 1.2%, and acquisitions increased sales by

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