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 2013 Results

Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2013 third quarter sales of $1,624.2 million, up 4 percent from $1,560.4 million in the third quarter of fiscal 2012. Organic sales growth was also 4 percent as acquisitions and currency translation had a negligible impact. Fiscal 2013 third quarter sales were up 7 percent sequentially compared to the second quarter of fiscal 2013.

Fiscal 2013 third quarter Adjusted EPS was $1.54, up 12 percent compared to Adjusted EPS of $1.37 in the third quarter of fiscal 2012. Total segment operating earnings were $317.8 million compared to $292.1 million in the same period of 2012. Total segment operating margin increased to 19.6 percent from 18.7 percent a year ago, primarily due to volume leverage and productivity.

On a GAAP basis, fiscal 2013 third quarter net income was $203.7 million or $1.45 per share, compared to $190.7 million or $1.33 per share in the third quarter of fiscal 2012. Pre-tax margin increased to 15.8 percent from 15.7 percent in the same period last year.

In order to provide transparency into the operating results of its business, effective with the first quarter of fiscal 2013, the Company is providing non-GAAP measures (Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate) that exclude non-operating pension costs and their related tax effects. The Company defines 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. In addition, the Company has redefined segment operating earnings to exclude non-operating pension costs. Prior year results are provided on a comparable basis.

Commenting on the results, Keith D. Nosbusch, chairman and chief executive officer, said, “I am very pleased with 4 percent year-over-year organic growth this quarter and sequential growth in all regions. We expected to see an improvement in sales in the second half of our fiscal year, and the third quarter results support that. Adjusted EPS in the quarter was up 12 percent with strong operating margin performance. Free cash flow was very good again this quarter.

1 of 8

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
AAPL $95.51 2.00%
FB $117.71 -0.73%
GOOG $695.06 -0.45%
TSLA $233.01 -3.60%
YHOO $36.09 -1.20%


Chart of I:DJI
DOW 17,741.91 -149.25 -0.83%
S&P 500 2,064.91 -16.52 -0.79%
NASDAQ 4,775.3820 -42.2120 -0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs