This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Rockwell Automation Reports Third Quarter 2013 Results

The following is a reconciliation 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,
2013   2012 2013   2012
Income from continuing operations $ 203.7 $ 190.7 $ 541.0 $ 541.8
Non-operating pension costs 19.6 8.8 59.0 26.4
Tax effect of non-operating pension costs (7.2 ) (3.1 ) (21.5 ) (9.4 )
Adjusted Income $ 216.1   $ 196.4   $ 578.5   $ 558.8  
Diluted EPS from continuing operations $ 1.45 $ 1.33 $ 3.83 $ 3.76
Non-operating pension costs per diluted share, before tax 0.14 0.06 0.42 0.18
Tax effect of non-operating pension costs per diluted share (0.05 ) (0.02 ) (0.16 ) (0.07 )
Adjusted EPS $ 1.54   $ 1.37   $ 4.09   $ 3.87  
Effective tax rate 20.9 % 22.1 % 22.9 % 23.8 %
Tax effect of non-operating pension costs 1.1 % 0.5 % 1.1 % 0.4 %
Adjusted Effective Tax Rate 22.0 % 22.6 % 24.0 % 24.2 %
Year Ended
Fiscal 2013 September 30,
Guidance 2012
Diluted EPS from continuing operations $5.15 - $5.35 $ 5.13
Non-operating pension costs per diluted share, before tax 0.56 0.25
Tax effect of non-operating pension costs per diluted share (0.21) (0.09 )
Adjusted EPS $5.50 - $5.70 $ 5.29  



(in millions)


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. We account for share-based compensation under U.S. GAAP, which requires that we report the excess income tax benefit from share-based compensation as a financing cash flow rather than as an operating cash flow. We have 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.

5 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs