earnings
confidence high
sentiment negative
materiality 0.80
Rockwell Automation Q3 sales down 8.4% YoY; cuts FY2024 guidance
ROCKWELL AUTOMATION, INC
2024-Q3 EPS reported
$6.19
revenue$6,228,700,000
- Q3 reported sales $2,051M (-8.4% YoY); diluted EPS $2.02 (down 41.4%) including $0.46 restructuring charge.
- Adjusted EPS $2.71 (-10.0%); total segment operating margin 20.8% vs 21.1% a year ago.
- Software & Control segment sales dropped 31.8% to $512M; segment margin fell to 23.6% from 34.8%.
- FY2024 guidance lowered: reported sales growth ~(8.5)% (prior -6% to -4%), adjusted EPS ~$9.60 (prior $10.00-$11.00).
- Total ARR up 17% YoY; Lifecycle Services sales grew 11.8% with margin expansion to 19.3%.