Summary
Rockwell Automation, Inc.'s (ROK) report for the quarter ended December 31, 2014, indicates a slight decrease in total sales by 1.1% year-over-year to $1.57 billion, primarily due to unfavorable currency translations impacting reported figures. However, on an organic basis, sales increased by 2.1%, highlighting underlying business growth. Net income rose by 7.6% to $214.2 million, or $1.56 per diluted share, compared to the prior year's $198.1 million, or $1.41 per diluted share. The company demonstrated solid operational execution, with total segment operating earnings increasing by 6% and segment operating margin expanding to 22.0% from 20.6%. This growth was driven by strong productivity and favorable mix, particularly within the Architecture & Software segment.
Financial Highlights
48 data points| Revenue | $1.57B |
| Cost of Revenue | $886.90M |
| Gross Profit | $687.50M |
| SG&A Expenses | $386.90M |
| Interest Expense | $14.90M |
| Net Income | $214.20M |
| EPS (Basic) | $1.58 |
| EPS (Diluted) | $1.56 |
| Shares Outstanding (Basic) | 135.60M |
| Shares Outstanding (Diluted) | 136.90M |
Key Highlights
- 1Total sales for the quarter were $1.57 billion, a slight decrease of 1.1% year-over-year, influenced by currency headwinds.
- 2Organic sales grew by 2.1%, indicating underlying demand strength.
- 3Net income increased by 7.6% to $214.2 million, with diluted EPS rising to $1.56 from $1.41.
- 4Total segment operating earnings improved by 6% to $346.8 million.
- 5The Architecture & Software segment saw a 1.7% increase in sales and a margin expansion to 31.3%.
- 6Cash provided by operating activities significantly increased to $268.2 million, leading to robust free cash flow of $232.6 million.
- 7The company repurchased approximately $167.3 million of its common stock during the quarter.