This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rockwell Automation Reports Third Quarter 2012 Results

Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2012 third quarter sales of $1,560.4 million, up 3 percent from $1,516.2 million in the third quarter of fiscal 2011. Organic sales increased 7 percent and currency translation reduced sales by 4 percentage points. Income from continuing operations was $190.7 million ($1.33 per share) compared to $178.8 million ($1.22 per share) last year. Earnings per share from continuing operations increased 9 percent.

Total segment operating earnings were $284.0 million in the third quarter of fiscal 2012, up from $263.3 million in the same period of 2011. Total segment operating margin expanded to 18.2 percent from 17.4 percent a year ago.

Free cash flow was $232.2 million in the third quarter of fiscal 2012. Return on invested capital was 30.4 percent.

Organic sales, total segment operating earnings, total segment operating margin, free cash flow and return on invested capital are non-GAAP measures that are reconciled to GAAP measures in the attachments to this release.

Commenting on the results, Keith D. Nosbusch, chairman and chief executive officer, said, “We delivered solid 7 percent organic sales growth in the quarter with organic growth in all regions. Operating margin expanded almost a point and earnings per share grew 9 percent. It was a good quarter in the midst of a challenging macroeconomic environment.”


Commenting on the outlook, Nosbusch added, “Most economic indicators have weakened from a quarter ago and the global political environment remains unsettled. Based on this increased uncertainty and our sales performance in the third quarter, we now expect slower growth in the fourth quarter, particularly in Latin America and emerging Asia. Taking these factors into consideration, plus an increasing headwind from currency, we are reducing our sales outlook for the fiscal year to approximately $6.2 billion. Correspondingly, we are revising our fiscal 2012 earnings per share guidance range to $5.00 to $5.20, with about five cents of the reduction coming from currency. Sales and earnings in this range would represent another record year for the company.

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,812.77 +36.34 0.22%
S&P 500 1,979.83 -7.22 -0.36%
NASDAQ 4,740.0620 -41.2020 -0.86%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs