Summary
Rockwell Automation, Inc. reported results for the first quarter of fiscal year 2019, ending December 31, 2018. The company demonstrated a revenue increase of 3.5% year-over-year, with organic sales growing by 5.7%. This growth was primarily driven by strong performance in heavy industries and consumer sectors, although it was partially offset by a decline in the automotive segment. The Architecture & Software segment saw a 2.4% sales increase, while the Control Products & Solutions segment grew by 4.5%. The company's profitability saw a significant year-over-year improvement in Adjusted EPS, which rose to $2.21 from $1.96 in the prior year's comparable quarter. However, reported net income was $80.3 million, a substantial increase from the net loss of $(236.4) million in the prior year, largely influenced by a significant negative impact from investments in the current quarter, particularly related to PTC Inc. stock. Despite this, operating cash flow remained stable, and free cash flow was reported at $170.0 million.
Financial Highlights
49 data points| Revenue | $1.64B |
| Cost of Revenue | $903.60M |
| Gross Profit | $738.70M |
| SG&A Expenses | $386.70M |
| Interest Expense | $20.70M |
| Net Income | $80.30M |
| EPS (Basic) | $0.67 |
| EPS (Diluted) | $0.66 |
| Shares Outstanding (Basic) | 120.30M |
| Shares Outstanding (Diluted) | 121.50M |
Key Highlights
- 1Total sales increased by 3.5% to $1,642.3 million, with organic sales up 5.7%.
- 2Architecture & Software segment sales grew 2.4%, and Control Products & Solutions segment sales grew 4.5%.
- 3Reported net income turned positive at $80.3 million, a significant improvement from a net loss of $236.4 million in the prior year's quarter.
- 4Adjusted EPS increased to $2.21 from $1.96 in the prior year's quarter, excluding significant non-operating items.
- 5Operating cash flow remained strong at $212.0 million, while free cash flow was $170.0 million.
- 6The company repurchased approximately $292.8 million of its common stock during the quarter.