- Reported sales up 8.5 percent year over
year; organic sales up 8.2 percent
- Diluted EPS of $1.67; Adjusted EPS of
$1.76
- Increasing fiscal 2017 EPS guidance:
Diluted EPS $6.21 - $6.41; Adjusted EPS $6.60 - $6.80
Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2017
third quarter sales of $1,599.2 million, up 8.5 percent from
$1,474.0 million in the third quarter of fiscal 2016. Organic sales
grew 8.2 percent. Currency translation reduced sales by 0.9
percentage points, and acquisitions contributed 1.2 percentage
points to sales growth.
Fiscal 2017 third quarter net income was $216.9 million or $1.67
per share, compared to $191.0 million or $1.46 per share in the
third quarter of fiscal 2016. Fiscal 2017 third quarter Adjusted
EPS was $1.76, up 14 percent compared to $1.55 in the third quarter
of fiscal 2016.
Pre-tax margin was 17.3 percent in the third quarter of fiscal
2017 compared to 17.1 percent in the same period last year. Total
segment operating margin was 21.1 percent, unchanged from a year
ago. Total segment operating earnings were $337.0 million in the
third quarter of fiscal 2017, up 8 percent from $311.0 million in
the same period of fiscal 2016.
The increases in EPS, Adjusted EPS, pre-tax income, and total
segment operating earnings were primarily due to higher sales,
partially offset by higher incentive compensation.
Commenting on the results, Blake D. Moret, president and chief
executive officer, said, “We had another quarter of strong sales
and earnings performance. Organic sales grew 8 percent, in line
with our expectations. EPS was up double digits for the third
consecutive quarter, and free cash flow remained strong.
“I am pleased to see broad-based sales growth across regions and
industries. Growth was led by double-digit increases in Asia
Pacific and Latin America. The U.S., our largest market, was up 10
percent, including the contribution from acquisitions.
Transportation, food and beverage, and semiconductor were
strong."
Outlook
The following table provides updated guidance as it relates to
sales growth and earnings per share for fiscal 2017:
Sales Growth Guidance EPS Guidance
Reported sales growth ~ 7% Diluted EPS
$6.21 - $6.41 Organic sales growth ~ 6% Adjusted EPS $6.60 - $6.80
Currency translation ~ (0.5)% Acquisitions ~ 1.5%
Commenting on the outlook, Moret added, "The macro environment
remains solid. Our expectation for fiscal 2017 organic growth
remains unchanged at approximately 6 percent. Taking into account a
smaller headwind from currency, we now project our full-year sales
to be about $6.3 billion. Based on our third quarter earnings
performance we are increasing the Adjusted EPS guidance range to
$6.60 to $6.80.”
Moret continued, “Our Connected Enterprise strategy is working
and positions us well for the future. The pilots continue to
deliver tangible results across multiple industries."
Following is a discussion of fiscal 2017 third quarter results
for both segments.
Architecture &
Software
Architecture & Software quarterly sales were $731.9
million, an increase of 9.8 percent compared to $666.4 million in
the same period last year. Organic sales increased 10.5 percent,
currency translation reduced sales by 1.0 percentage points, and
acquisitions contributed 0.3 percentage points to sales growth.
Segment operating earnings were $204.3 million compared to $184.2
million in the same period last year. Segment operating margin
increased to 27.9 percent from 27.6 percent a year ago.
Control Products &
Solutions
Control Products & Solutions quarterly sales were
$867.3 million, an increase of 7.4 percent compared to $807.6
million in the same period last year. Organic sales increased 6.3
percent, currency translation reduced sales by 0.8 percentage
points, and acquisitions contributed 1.9 percentage points to sales
growth. Segment operating earnings were $132.7 million compared to
$126.8 million in the same period last year. Segment operating
margin decreased to 15.3 percent from 15.7 percent a year ago.
Other Information
In the third quarter of fiscal 2017 cash flow provided by
operating activities was $315.3 million and free cash flow was
$285.2 million. Return on invested capital was 38.8 percent.
Fiscal 2017 third quarter general corporate-net expense was
$16.5 million compared to $17.0 million in the third quarter of
fiscal 2016.
On a GAAP basis, the effective tax rate in the third quarter of
fiscal 2017 was 21.4 percent compared to 24.3 percent in the third
quarter of fiscal 2016. The Adjusted Effective Tax Rate for the
third quarter of fiscal 2017 was 22.4 percent compared to 25.1
percent a year ago. The lower tax rates were primarily due to
favorable discrete items. For fiscal 2017, the Company now expects
an effective tax rate of approximately 20 percent and an Adjusted
Effective Tax Rate of approximately 21 percent.
During the third quarter of fiscal 2017, the Company repurchased
740 thousand shares of its common stock at a cost of $116.1
million. At June 30, 2017, $643.0 million remained available
under the existing share repurchase authorization.
Organic sales, total segment operating earnings, total segment
operating margin, Adjusted Income, Adjusted EPS, Adjusted Effective
Tax Rate, free cash flow, and return on invested capital are
non-GAAP measures that are reconciled to GAAP measures in the
attachments to this release.
Conference Call
A conference call to discuss our financial results will take
place at 8:30 a.m. Eastern Time on Wednesday, July 26, 2017.
The call and related financial charts will be webcast and
accessible via the Rockwell Automation website
(http://www.rockwellautomation.com/investors/).
This news release contains statements (including certain
projections and business trends) that are “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. Words such as “believe”, “estimate”, “project”,
“plan”, “expect”, “anticipate”, “will”, “intend” and other similar
expressions may identify forward-looking statements. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties, many of which are beyond our control,
including but not limited to:
- macroeconomic factors, including global
and regional business conditions, the availability and cost of
capital, commodity prices, the cyclical nature of our customers’
capital spending, sovereign debt concerns and currency exchange
rates;
- laws, regulations and governmental
policies affecting our activities in the countries where we do
business;
- the successful development of advanced
technologies and demand for and market acceptance of new and
existing products;
- the availability, effectiveness and
security of our information technology systems;
- competitive products, solutions and
services and pricing pressures, and our ability to provide high
quality products, solutions and services;
- a disruption of our business due to
natural disasters, pandemics, acts of war, strikes, terrorism,
social unrest or other causes;
- our ability to manage and mitigate the
risk related to security vulnerabilities and breaches of our
products, solutions and services;
- intellectual property infringement
claims by others and the ability to protect our intellectual
property;
- the uncertainty of claims by taxing
authorities in the various jurisdictions where we do business;
- our ability to attract and retain
qualified personnel;
- our ability to manage costs related to
employee retirement and health care benefits;
- the uncertainties of litigation,
including liabilities related to the safety and security of the
products, solutions and services we sell;
- our ability to manage and mitigate the
risks associated with our solutions and services businesses;
- a disruption to our distribution
channels;
- the availability and price of
components and materials;
- the successful integration and
management of acquired businesses;
- the successful execution of our cost
productivity initiatives; and
- other risks and uncertainties,
including but not limited to those detailed from time to time in
our Securities and Exchange Commission (SEC) filings.
These forward-looking statements reflect our beliefs as of the
date of filing this release. We undertake no obligation to update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
Rockwell Automation, Inc. (NYSE: ROK), the world’s largest
company dedicated to industrial automation and information, makes
its customers more productive and the world more sustainable.
Headquartered in Milwaukee, Wis., Rockwell Automation employs
approximately 22,000 people serving customers in more than 80
countries.
ROCKWELL AUTOMATION, INC. SALES AND EARNINGS
INFORMATION (in millions, except per share amounts and
percentages) Three Months Ended
Nine Months Ended June 30, June 30,
2017 2016 2017 2016 Sales
Architecture & Software (a) $ 731.9 $ 666.4 $ 2,147.3 $ 1,938.8
Control Products & Solutions (b) 867.3 807.6
2,496.5 2,402.1 Total sales (c) $ 1,599.2 $
1,474.0 $ 4,643.8 $ 4,340.9 Segment
operating earnings Architecture & Software (d) $ 204.3 $ 184.2
$ 603.5 $ 515.0 Control Products & Solutions (e) 132.7
126.8 346.1 369.4 Total segment operating
earnings1 (f) 337.0 311.0 949.6 884.4 Purchase accounting
depreciation and amortization (5.6 ) (4.7 ) (16.8 ) (13.9 ) General
corporate—net (16.5 ) (17.0 ) (52.8 ) (54.5 ) Non-operating pension
costs (19.8 ) (18.9 ) (59.4 ) (56.7 ) Interest expense (19.1 )
(18.1 ) (56.7 ) (53.1 ) Income before income taxes (g) 276.0 252.3
763.9 706.2 Income tax provision (59.1 ) (61.3 ) (142.8 ) (161.7 )
Net income $ 216.9 $ 191.0 $ 621.1 $ 544.5
Diluted EPS $ 1.67 $ 1.46 $ 4.77
$ 4.13 Adjusted EPS2 $ 1.76 $ 1.55 $
5.06 $ 4.41 Average diluted shares 129.9
130.8 130.0 131.6 Segment
operating margin Architecture & Software (d/a) 27.9 % 27.6 %
28.1 % 26.6 % Control Products & Solutions (e/b) 15.3 % 15.7 %
13.9 % 15.4 % Total segment operating margin1 (f/c) 21.1 % 21.1 %
20.4 % 20.4 % Pre-tax margin (g/c) 17.3 % 17.1 % 16.4 % 16.3
%
1 Total segment operating earnings and total segment operating
margin are non-GAAP financial measures. We exclude purchase
accounting depreciation and amortization, general corporate – net,
non-operating pension costs, interest expense and income tax
provision because we do not consider these costs to be directly
related to the operating performance of our segments. We believe
that these measures are useful to investors as measures of
operating performance. We use these measures to monitor and
evaluate the profitability of our Company. Our measures of total
segment operating earnings and total segment operating margin may
be different from those used by other companies.
2 Adjusted EPS is a non-GAAP earnings measure that excludes the
non-operating pension costs and their related income tax effects.
See "Other Supplemental Information - Adjusted Income, Adjusted EPS
and Adjusted Effective Tax Rate" section for more information
regarding non-operating pension costs and a reconciliation to GAAP
measures.
ROCKWELL AUTOMATION, INC. CONDENSED CONSOLIDATED
STATEMENT OF OPERATIONS (in millions)
Three Months Ended Nine Months Ended June
30, June 30, 2017 2016 2017
2016 Sales $ 1,599.2 $ 1,474.0 $ 4,643.8 $ 4,340.9
Cost of sales (921.5 ) (857.2 ) (2,667.3 ) (2,517.3 ) Gross profit
677.7 616.8 1,976.5 1,823.6 Selling, general and
administrative expenses (386.8 ) (346.7 ) (1,166.0 ) (1,065.3 )
Other income 4.2 0.3 10.1 1.0 Interest expense (19.1 ) (18.1 )
(56.7 ) (53.1 ) Income before income taxes 276.0 252.3 763.9 706.2
Income tax provision (59.1 ) (61.3 ) (142.8 ) (161.7 )
Net income $ 216.9 $ 191.0 $ 621.1 $
544.5
ROCKWELL AUTOMATION, INC. CONDENSED
BALANCE SHEET INFORMATION (in millions)
June 30, September 30, 2017 2016
Assets Cash and cash equivalents $ 1,549.4 $ 1,526.4
Short-term investments 1,065.2 902.8 Receivables 1,111.9 1,079.0
Inventories 585.5 526.6 Property, net 568.8 578.3 Goodwill and
intangibles 1,301.6 1,329.2 Other assets 1,033.1 1,158.9
Total $ 7,215.5 $ 7,101.2
Liabilities and
Shareowners’ Equity Short-term debt $ 598.4 $ 448.6 Accounts
payable 610.1 543.1 Long-term debt 1,243.8 1,516.3 Other
liabilities 2,585.2 2,603.1 Shareowners’ equity 2,178.0
1,990.1 Total $ 7,215.5 $ 7,101.2
ROCKWELL
AUTOMATION, INC. CONDENSED CASH FLOW INFORMATION (in
millions) Nine Months Ended June
30, 2017 2016 Operating activities:
Income from continuing operations $ 621.1 $ 544.5 Depreciation and
amortization 124.0 129.2 Retirement benefits expense 129.2 117.5
Pension contributions (40.8 ) (31.8 )
Receivables/inventories/payables (26.0 ) 22.1 Advance payments from
customers and deferred revenue 30.1 13.8 Compensation and benefits
105.7 (81.1 ) Income taxes (22.4 ) (54.8 ) Other 6.2 15.9
Cash provided by operating activities 927.1 675.3
Investing activities: Capital expenditures (97.5 )
(79.4 ) Acquisition of businesses, net of cash acquired (1.1 )
(21.2 ) Purchases of investments (916.8 ) (801.5 ) Proceeds from
maturities and sales of investments 650.9 596.2 Proceeds from sale
of property 0.8 0.4 Cash used for investing
activities (363.7 ) (305.5 )
Financing activities: Net
(repayment) issuance of short-term debt (100.2 ) 354.0 Cash
dividends (293.2 ) (284.7 ) Purchases of treasury stock (304.6 )
(374.1 ) Proceeds from the exercise of stock options 160.3 28.0
Excess income tax benefit from share-based compensation —
2.4 Cash used for financing activities (537.7 ) (274.4 )
Effect of exchange rate changes on cash (2.7 ) (13.4 )
Increase
in cash and cash equivalents $ 23.0 $ 82.0
ROCKWELL AUTOMATION, INC. OTHER
SUPPLEMENTAL INFORMATION (in millions)
Organic Sales
Our press release contains information regarding organic sales,
which we define as sales excluding the effect of changes in
currency exchange rates and acquisitions. We believe this non-GAAP
measure provides useful information to investors because it
reflects regional and operating segment performance from our
activities without the effect of changes in currency exchange rates
and/or acquisitions. We use organic sales as one measure to monitor
and evaluate our regional and operating segment performance. We
determine the effect of changes in currency exchange rates by
translating the respective period’s sales using the currency
exchange rates that were in effect during the prior year. When we
acquire businesses, we exclude sales in the current year for which
there are no comparable sales in the prior period. Organic sales
growth is calculated by comparing organic sales to reported sales
in the prior year. Sales are attributed to the geographic regions
based on the country of destination.
The following is a reconciliation of reported sales to organic
sales for the three and nine months ended June 30, 2017
compared to sales for the three and nine months ended June 30,
2016:
Three Months Ended June 30, 2017 2016 Sales
Effect of
Changes in
Currency
Sales
Excluding
Effect of
Changes in
Currency
Effect of
Acquisitions
Organic
Sales
Sales United States $ 881.0 $ 0.3 $ 881.3 $ (17.2 ) $ 864.1 $ 799.6
Canada 82.2 3.5 85.7 — 85.7 82.2 Europe, Middle East, Africa 297.3
6.5 303.8 (0.4 ) 303.4 303.7 Asia Pacific 226.3 3.0 229.3 — 229.3
188.3 Latin America 112.4 (0.3 ) 112.1 — 112.1
100.2 Total $ 1,599.2 $ 13.0 $ 1,612.2
$ (17.6 ) $ 1,594.6 $ 1,474.0 Nine Months Ended June
30, 2017 2016 Sales Effect of
Changes in
Currency
Sales
Excluding
Effect of
Changes in
Currency
Effect of
Acquisitions
Organic
Sales
Sales United States $ 2,569.8 $ 0.7 $ 2,570.5 $ (58.3 ) $ 2,512.2 $
2,391.7 Canada 249.9 1.0 250.9 (0.1 ) 250.8 237.1 Europe, Middle
East, Africa 869.0 18.8 887.8 (6.4 ) 881.4 852.5 Asia Pacific 630.4
7.9 638.3 (2.4 ) 635.9 540.7 Latin America 324.7 9.4
334.1 (0.1 ) 334.0 318.9 Total $ 4,643.8 $
37.8 $ 4,681.6 $ (67.3 ) $ 4,614.3 $ 4,340.9
The following is a reconciliation of reported sales to organic
sales for our operating segments for the three and nine months
ended June 30, 2017 compared to sales for the three and nine
months ended June 30, 2016:
Three Months Ended June 30, 2017 2016 Sales
Effect of
Changes in
Currency
Sales
Excluding
Effect of
Changes in
Currency
Effect of
Acquisitions
Organic
Sales
Sales Architecture & Software $ 731.9 $ 6.5 $ 738.4 $ (2.1 ) $
736.3 $ 666.4 Control Products & Solutions 867.3 6.5
873.8 (15.5 ) 858.3 807.6 Total $ 1,599.2
$ 13.0 $ 1,612.2 $ (17.6 ) $ 1,594.6 $
1,474.0 Nine Months Ended June 30, 2017 2016 Sales Effect of
Changes in
Currency
Sales
Excluding
Effect of
Changes in
Currency
Effect of
Acquisitions
Organic
Sales
Sales Architecture & Software $ 2,147.3 $ 17.7 $ 2,165.0 $
(20.8 ) $ 2,144.2 $ 1,938.8 Control Products & Solutions
2,496.5 20.1 2,516.6 (46.5 ) 2,470.1
2,402.1 Total $ 4,643.8 $ 37.8 $ 4,681.6 $
(67.3 ) $ 4,614.3 $ 4,340.9
ROCKWELL AUTOMATION, INC. OTHER
SUPPLEMENTAL INFORMATION (in millions, except per share
amounts and percentages)
Adjusted Income, Adjusted EPS and
Adjusted Effective Tax Rate
Our press release contains financial information and earnings
guidance regarding Adjusted Income, Adjusted EPS and Adjusted
Effective Tax Rate, which are non-GAAP earnings measures that
exclude non-operating pension costs and their related income tax
effects. We define non-operating pension costs as defined benefit
plan interest cost, expected return on plan assets, amortization of
actuarial gains and losses and the impact of any plan curtailments
or settlements. These components of net periodic benefit cost
primarily relate to changes in pension assets and liabilities that
are a result of market performance; we consider these costs to be
unrelated to the operating performance of our business. We believe
that Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate
provide useful information to our investors about our operating
performance and allow management and investors to compare our
operating performance period over period. Adjusted EPS is also used
as a financial measure of performance for our annual incentive
compensation. Our measures of Adjusted Income, Adjusted EPS and
Adjusted Effective Tax Rate may be different from measures used by
other companies. These non-GAAP measures should not be considered a
substitute for income from continuing operations, diluted EPS and
effective tax rate.
The following are the components of operating and non-operating
pension costs for the three and nine months ended June 30,
2017 and 2016:
Three Months Ended Nine Months Ended
June 30, June 30, 2017 2016
2017 2016 Service cost $ 24.2 $ 22.1 $ 72.5 $
66.0 Amortization of prior service credit (0.9 ) (0.7 ) (2.8 ) (2.1
) Operating pension costs 23.3 21.4 69.7 63.9
Interest cost 37.8 42.5 113.4 127.2 Expected return
on plan assets (56.2 ) (54.8 ) (168.6 ) (163.9 ) Amortization of
net actuarial loss 38.2 31.2 114.4 93.4 Settlements — —
0.2 — Non-operating pension costs 19.8
18.9 59.4 56.7 Net
periodic pension cost $ 43.1 $ 40.3 $ 129.1 $
120.6
The following are reconciliations of income from continuing
operations, diluted EPS from continuing operations, and effective
tax rate to Adjusted Income, Adjusted EPS and Adjusted Effective
Tax Rate:
Three Months Ended Nine Months Ended
June 30, June 30, 2017 2016
2017 2016 Income from continuing operations $
216.9 $ 191.0 $ 621.1 $ 544.5 Non-operating pension costs 19.8 18.9
59.4 56.7 Tax effect of non-operating pension costs (7.2 ) (6.8 )
(21.7 ) (20.5 ) Adjusted Income $ 229.5 $ 203.1 $
658.8 $ 580.7 Diluted EPS from continuing
operations $ 1.67 $ 1.46 $ 4.77 $ 4.13 Non-operating pension costs
per diluted share 0.15 0.14 0.46 0.43 Tax effect of non-operating
pension costs per diluted share (0.06 ) (0.05 ) (0.17 ) (0.15 )
Adjusted EPS $ 1.76 $ 1.55 $ 5.06 $ 4.41
Effective tax rate 21.4 % 24.3 % 18.7 % 22.9 % Tax
effect of non-operating pension costs 1.0 % 0.8 % 1.3 % 1.0 %
Adjusted Effective Tax Rate 22.4 % 25.1 % 20.0 % 23.9 %
Fiscal 2017 Guidance
Year Ended September 30,
2016
Diluted EPS from continuing operations $6.21 - $6.41 $ 5.56
Non-operating pension costs per diluted share 0.61 0.58 Tax effect
of non-operating pension costs per diluted share (0.22) (0.21 )
Adjusted EPS $6.60 - $6.80 $ 5.93 Effective tax rate
~ 20 % 22.6 % Tax effect of non-operating pension costs ~ 1 % 1.0 %
Adjusted Effective Tax Rate ~ 21 % 23.6 %
ROCKWELL AUTOMATION, INC. OTHER
SUPPLEMENTAL INFORMATION (in millions, except
percentages)
Free Cash Flow
Our definition of free cash flow, which is a non-GAAP financial
measure, takes into consideration capital investments required to
maintain the operations of our businesses and execute our strategy.
In the first quarter of fiscal year 2017, we adopted a new
share-based compensation accounting standard that requires the
excess income tax benefit from share-based compensation to be
classified as an operating, rather than as a financing, cash flow.
In previous periods, we added this benefit back to our calculation
of free cash flow in order to generally classify cash flows arising
from income taxes as operating cash flows. Beginning in the first
quarter of fiscal year 2017, no adjustment is necessary as this
benefit is already included in operating cash flows.
In our opinion, free cash flow provides useful information to
investors regarding our ability to generate cash from business
operations that is available for acquisitions and other
investments, service of debt principal, dividends and share
repurchases. We use free cash flow, as defined, as one measure to
monitor and evaluate our performance, including as a financial
measure for our annual incentive compensation. Our definition of
free cash flow may be different from definitions used by other
companies.
The following table summarizes free cash flow by quarter:
Quarter Ended Dec. 31, Mar. 31,
Jun. 30, Sep. 30, Dec.
31, Mar. 31, Jun. 30, 2015
2016 2016 2016 2016 2017
2017 Cash provided by continuing operating activities $
184.8 $ 214.5 $ 276.0 $ 272.0 $ 310.8 $ 301.0 $ 315.3 Capital
expenditures (40.2 ) (12.4 ) (26.8 ) (37.5 ) (39.4 ) (28.0 ) (30.1
) Excess income tax benefit from share-based compensation 0.7
0.5 1.2 0.9 — — —
Free cash flow $ 145.3 $ 202.6 $ 250.4 $ 235.4
$ 271.4 $ 273.0 $ 285.2
Return On Invested
Capital
Our press release contains information regarding Return On
Invested Capital (ROIC), which is a non-GAAP financial measure. We
believe that ROIC is useful to investors as a measure of
performance and of the effectiveness of the use of capital in our
operations. We use ROIC as one measure to monitor and evaluate our
performance, including as a financial measure for our annual
incentive compensation. Our measure of ROIC may be different from
that used by other companies. We define ROIC as the percentage
resulting from the following calculation:
(a) Income from continuing operations, before
interest expense, income tax provision, and purchase accounting
depreciation and amortization, for the most recent twelve months;
divided by
(b) average invested capital for the year,
calculated as a five quarter rolling average using the sum of
short-term debt, long-term debt, shareowners’ equity, and
accumulated amortization of goodwill and other intangible assets,
minus cash and cash equivalents and short-term and long-term
investments; multiplied by
(c) one minus the effective tax rate for the
twelve-month period.
ROIC is calculated and reconciled to GAAP measures as
follows:
Twelve Months Ended June 30, 2017
2016 (a) Return Income from continuing
operations $ 806.3 $ 745.8 Interest expense 74.9 69.8 Income tax
provision 194.5 239.3 Purchase accounting depreciation and
amortization 21.3 19.1 Return 1,097.0 1,074.0
(b) Average invested capital Short-term debt 536.6
158.5 Long-term debt 1,352.6 1,504.2 Shareowners’ equity 2,107.4
2,277.2 Accumulated amortization of goodwill and intangibles 826.4
807.9 Cash and cash equivalents (1,524.1 ) (1,469.9 ) Short-term
and long-term investments (1,018.9 ) (784.0 ) Average invested
capital 2,280.0 2,493.9
(c) Effective tax rate
Income tax provision 194.5 239.3 Income from continuing operations
before income taxes $ 1,000.8 $ 985.1 Effective tax
rate 19.4 % 24.3 %
(a) / (b) * (1-c) Return On Invested
Capital 38.8 % 32.6 %
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170726005251/en/
Rockwell AutomationKeith LesterMedia
Relations414.382.4871orRockwell AutomationSteve EtzelInvestor
Relations414.382.8510
Rockwell Automation (NYSE:ROK)
Historical Stock Chart
From Apr 2024 to May 2024
Rockwell Automation (NYSE:ROK)
Historical Stock Chart
From May 2023 to May 2024