Categories Earnings, Technology
Earnings Summary: Rockwell Automation reports lower sales and profit for Q2 2024
Rockwell Automation, Inc. (NYSE: ROK), a global leader in industrial automation and digital transformation, on Tuesday announced financial results for the second quarter of 2024.
- Sales, on a reported basis, decreased 6.6% year-over-year to $2.13 billion in Q2; organic sales down 8.1%
- Q2 net income declined to $266 million or $2.31 per share from $300 million or $2.59 per share in the year-ago quarter
- On an adjusted basis, March-quarter earnings decreased to $2.50 per share from $3.01 per share a year earlier
- Pre-tax margin was 14.6% in the second quarter, compared to 15.4% in the same period last year
- Total segment operating earnings declined by 16.5% from last year to $404 million in Q2
- The management expects full-year 2024 sales to decline in the range of 6.0% to 4.0%
- Full-year organic sale is expected to decline between 8.0% and 6.0%
- The company is looking for FY24 earnings per share of $8.80-$9.80; adjusted EPS is expected to be $10.00-$11.00
- Rockwell announced the upcoming retirement of Nicholas Gangestad as senior vice president and CFO
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
