Rockwell Automation Board of Directors Approves $1 Billion for Common Stock Repurchase
06 September 2024 - 7:00AM
Business Wire
Rockwell Automation (NYSE:ROK), the world’s largest company
dedicated to industrial automation and digital transformation,
today announced its Board of Directors authorized the company to
expend up to an additional $1 billion to repurchase shares of
Rockwell Automation common stock. This is in addition to the
authorization on May 2, 2022, to repurchase $1 billion worth of
common stock, of which approximately $353 million was remaining as
of Sept. 5, 2024.
“We remain committed to delivering value to our shareowners,”
said Blake Moret, Rockwell Automation Chairman and CEO. “Over the
past five years, we have returned almost $4.7 billion to
shareowners through dividends and share repurchases. This
underscores our strong financial position and our focus on
disciplined capital allocation.”
About Rockwell Automation
Rockwell Automation Inc. (NYSE: ROK), is a global leader in
industrial automation and digital transformation. We connect the
imaginations of people with the potential of technology to expand
what is humanly possible, making the world more productive and more
sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell
Automation employs approximately 29,000 problem solvers dedicated
to our customers in more than 100 countries. To learn more about
how we are bringing the Connected Enterprise to life across
industrial enterprises, visit www.rockwellautomation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240905604072/en/
Investor Relations contact: Aijana Zellner Head of
Investor Relations and Market Strategy +1 414-382-8510
azellner@rockwellautomation.com Media contact: Ed Moreland
Head of Government Affairs and Corporate Communications +1
571-296-0391 Edward.Moreland@RockwellAutomation.com
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