Rockwell Automation cuts FY2024 guidance; CFO retires; Q2 sales down 6.6% YoY

ROCKWELL AUTOMATION, INC

2024-Q2 EPS reported $4.17 revenue$4,178,100,000

Q2 sales $2,126M (down 6.6% YoY); organic sales down 8.1%; diluted EPS $2.31, adjusted EPS $2.50.
FY2024 guidance slashed: reported sales growth (6.0)% to (4.0)% (prior 0.5%-6.5%); adjusted EPS $10.00-$11.00 (prior $12.00-$13.50).
Segment operating margin fell to 19.0% from 21.3% a year ago on lower sales volume.
CFO Nicholas Gangestad to retire; search for successor underway; he will serve until replacement appointed.
Total ARR up 20% YoY; free cash flow $68.6M vs $156M in prior-year quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

ROCKWELL AUTOMATION, INC reported quarter ended March 31, 2024 results: revenue $2,126 million, net income $266 million, EPS $2.31 per share.

Period: quarter ended March 31, 2024
Revenue: $2,126 million
Net income: $266 million
EPS: $2.31 per share
Result: reported results

Exact text from the filing

important product lines and in North America, our largest market," said Blake Moret, Chairman and CEO. Fiscal Q2 2024 Financial Results Fiscal 2024 second quarter sales were $2,126 million, down 6.6% from $2,275 million in the second quarter of fiscal 2023. Organic sales decreased 8.1%, currency translation increased sales by 0.1%, and acquisitions increased sales

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

ROCKWELL AUTOMATION, INC updated its fiscal year ended September 30, 2024 guidance (lowered).

Period: fiscal year ended September 30, 2024
Guidance: lowered
Result: guidance update

Exact text from the filing

Updates fiscal 2024 reported sales growth guidance to (6.0)% - (4.0)%; organic sales growth to (8.0)% - (6.0)%

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Source: SEC EDGAR

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