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Stock impact report

Rockwell Automation Reports Second Quarter 2024 Results; Updates Fiscal 2024 Guidance

Rockwell Automation, Inc. (ROK) 
Last rockwell automation, inc. earnings: 4/28 07:02 am Check Earnings Report
Company Research Source: Business Wire
Reported sales down 6.6% year over year; organic sales down 8.1% year over yearAcquisitions contributed 1.4% to growthTotal ARR up 20% year over yearDiluted EPS of $2.31 and adjusted EPS of $2.50; down (11)% and (17)% year over year, respectivelyUpdates fiscal 2024 reported sales growth guidance to (6.0)% - (4.0)%; organic sales growth to (8.0)% - (6.0)%Updates fiscal 2024 diluted EPS guidance to $8.80 - $9.80; adjusted EPS guidance to $10.00 - $11.00Announces upcoming retirement of Nicholas Gangestad, Senior Vice President and Chief Financial Officer MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK) today reported second quarter fiscal 2024 results."Execution in the second quarter was solid, and we continue to see sequential order improvement. However, there is more excess inventory at our customers, particularly machine builders, than we originally expected. As a result, we are not yet seeing the accelerated order ramp this fiscal year and are reducing our full-ye Show less Read more
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