Summary
Rockwell Automation, Inc.'s (ROK) Q1 FY17 report for the period ending December 31, 2016, shows solid top-line growth with a 4.5% increase in sales to $1.49 billion, driven by a 3.8% organic sales increase. Both of its segments, Architecture & Software and Control Products & Solutions, contributed to this growth. The company also demonstrated improved profitability, with net income rising to $214.7 million, a 15.7% increase year-over-year, and diluted EPS growing to $1.65. This performance was bolstered by strong operating margin expansion in the Architecture & Software segment.
Financial Highlights
49 data pointsBeta
Financial Statements
Beta
| Revenue | $1.49B |
| Cost of Revenue | $848.00M |
| Gross Profit | $642.30M |
| SG&A Expenses | $370.00M |
| Interest Expense | $18.70M |
| Net Income | $214.70M |
| EPS (Basic) | $1.67 |
| EPS (Diluted) | $1.65 |
| Shares Outstanding (Basic) | 128.30M |
| Shares Outstanding (Diluted) | 129.70M |
Key Highlights
- 1Total sales increased by 4.5% to $1.49 billion, with organic sales up 3.8% year-over-year, indicating underlying business growth.
- 2Net income grew by 15.7% to $214.7 million, and diluted Earnings Per Share (EPS) rose to $1.65 from $1.40 in the prior year's comparable quarter.
- 3The Architecture & Software segment showed robust performance with sales up 8.3% and operating margin expanding significantly to 30.0% from 27.4%.
- 4Operating earnings for the Control Products & Solutions segment saw a decrease of 10% due to higher incentive compensation, despite a slight increase in sales.
- 5Cash provided by operating activities surged by 68.2% to $310.8 million, leading to a substantial increase in free cash flow to $271.4 million from $145.3 million.
- 6The company repurchased approximately $80.8 million of its common stock during the quarter, underscoring a commitment to returning capital to shareholders.
- 7The effective tax rate decreased to 16.7% from 21.7% in the prior year, primarily due to favorable discrete tax items.