Rockwell Automation Reports Third Quarter Fiscal 2020 Results and Announces New Operating Segments Beginning in Fiscal 2021
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Rockwell Automation (ROK) Tops Q3 EPS by 12c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
July 28, 2020 7:03 AM EDTRockwell Automation (NYSE: ROK) reported Q3 EPS of $1.27, $0.12 better than the analyst estimate of $1.15. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.38 billion.
Reported sales down 16.3 percent year over year; organic sales down 17.6 percentInorganic investments contributed 3 percent to reported salesDiluted EPS of $2.73; Adjusted EPS of $1.27Liquidity position further enhanced by strong cash flow generationUpdating fiscal 2020 Diluted EPS guidance to $8.06 - $8.26 and Adjusted EPS guidance to $7.40 - $7.60New operating segments effective Q1 fiscal 2021 to drive simplification and accelerate profitable... More