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TheStreet Open House

Rockwell Automation Reports Fourth Quarter And Full Year 2012 Results

“For the full year, we achieved record sales and earnings per share. Operating margin expanded by one point while we continued to invest for growth. Our EMEA region had a great year with 6 percent organic growth in the face of a recession. We continued our track record of returning cash to shareowners by increasing the dividend 11 percent and repurchasing 3.7 million shares.

"We delivered solid results in a challenging environment this year. I want to thank our employees for their dedication and our customers, suppliers and partners for their support throughout the year.”

Following is a discussion of fourth quarter results for both segments.

Architecture & Software

Architecture & Software fiscal 2012 fourth quarter sales were $671.3 million, a decrease of 2 percent from $683.3 million last year. Organic sales increased 3 percent and currency translation reduced sales by 5 percentage points. Fiscal 2012 fourth quarter sales were up 1 percent sequentially from the third quarter of fiscal 2012. Segment operating earnings were $166.5 million in the fourth quarter of fiscal 2012, compared to $177.9 million in the fourth quarter of fiscal 2011. Segment operating margin was 24.8 percent in the fourth quarter of fiscal 2012, compared to 26.0 percent a year ago.

Control Products & Solutions

Control Products & Solutions fiscal 2012 fourth quarter sales were $992.7 million, an increase of 2 percent from $971.0 million last year. Organic sales increased 6 percent and currency translation reduced sales by 4 percentage points. Fiscal 2012 fourth quarter sales were up 11 percent sequentially from the third quarter of fiscal 2012. Segment operating earnings increased to $128.8 million in the fourth quarter of fiscal 2012, compared to $120.2 million in the fourth quarter of fiscal 2011. Segment operating margin was 13.0 percent in the fourth quarter of fiscal 2012, compared to 12.4 percent a year ago.

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