Rockwell Automation Sales Up 22% in Fourth Quarter

Resource from: Rockwell Automation, Inc. Likes:3047

Nov 09,2011

(November 8, 2011) Rockwell Automation, Inc. (NYSE: ROK), Milwaukee, WI, reported fourth-quarter sales of $1.7 billion, up 22 percent over the same period a year ago. Profit increased 54 percent to $201.8 million. For the fiscal year ended Sept. 30, 2011, sales were $6 billion, up 24 percent over the prior year period. Profit increased 50 percent to $697.8 million. "Despite an uncertain global economic picture and moderating growth rates, we are cautiously optimistic that market growth will continue in 2012," CEO Keith Nosbusch said. Architecture & Software fiscal 2011 fourth quarter sales were $683.3 million, a year-over-year increase of 19 percent from $575.9 million last year. Currency translation contributed 5 percentage points to the increase. Segment operating earnings were $177.9 million in the fourth quarter of fiscal 2011, compared to $128.4 million in 2010. Control Products & Solutions fiscal 2011 fourth quarter sales were $971 million, an increase of 24 percent from $781 million last year. Currency translation and acquisitions contributed 6 percentage points to the increase. Segment operating earnings increased to $120.2 million in the fourth quarter of fiscal 2011, compared to $76.7 million in 2010.

(Rockwell Automation, Inc.)

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