Summary
Rockwell Automation, Inc. (ROK) reported strong performance for the fiscal year ended September 30, 2008, with total sales reaching $5.7 billion, a 14% increase over the previous year. This growth was driven by a 6% organic sales increase, complemented by favorable currency translations and strategic acquisitions. The company's global expansion efforts are evident, with approximately 50% of sales generated outside the U.S., particularly strong growth in the Asia-Pacific and Latin America regions. The company's two primary operating segments, Architecture & Software and Control Products & Solutions, both contributed positively to sales, with Architecture & Software sales up 9% and Control Products & Solutions up 18%. Despite increased investment in growth and technology, and the impact of acquisitions, Rockwell Automation managed its expenses effectively, leading to a 9% increase in income from continuing operations year-over-year. The company also continued its commitment to shareholder returns through consistent dividend payments and share repurchases.
Financial Highlights
54 data points| Revenue | $5.70B |
| Cost of Revenue | $3.36B |
| Gross Profit | $2.34B |
| R&D Expenses | $191.30M |
| SG&A Expenses | $1.48B |
| Operating Income | $577.60M |
| Interest Expense | $68.20M |
| Net Income | $577.60M |
| EPS (Basic) | $3.94 |
| EPS (Diluted) | $3.89 |
| Shares Outstanding (Basic) | 146.50M |
| Shares Outstanding (Diluted) | 148.10M |
Key Highlights
- 1Total sales increased by 14% to $5.7 billion, with a 6% organic sales growth, reflecting robust demand and effective market penetration.
- 2The company achieved a 50% revenue contribution from non-U.S. customers, highlighting successful global expansion and diversification.
- 3Architecture & Software segment sales grew by 9%, driven by strong performance in Logix platform sales.
- 4Control Products & Solutions segment sales saw an 18% increase, bolstered by growth initiatives and strong performance in resource-based end markets.
- 5Income from continuing operations increased by 9% to $577.6 million, demonstrating effective cost management and operational efficiency.
- 6The company maintained its commitment to shareholder value by declaring and paying dividends totaling $1.16 per share.
- 7Strategic acquisitions in 2008, including CEDES, Incuity, and Pavilion, are expected to enhance market share and broaden the company's technology portfolio.