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10-QPeriod: Q2 FY2025

ROCKWELL AUTOMATION, INC Quarterly Report for Q2 Ended Mar 31, 2025

Filed May 7, 2025For Securities:ROK

Summary

Rockwell Automation, Inc. (ROK) reported its financial results for the quarter ending March 31, 2025, showing a decrease in total sales compared to the prior year, driven by volume declines across its segments, particularly in Intelligent Devices and Software & Control. While pricing initiatives provided a partial offset, currency translation also had a negative impact on reported sales. Despite the top-line pressure, the company's focus on cost reduction and margin expansion initiatives appears to be yielding some positive results, particularly in the Software & Control segment, which saw improved operating margin. However, the Intelligent Devices and Lifecycle Services segments experienced declines in operating earnings. The company also reported a decrease in both net income attributable to Rockwell Automation and diluted Earnings Per Share (EPS) year-over-year for both the three and six-month periods. Free cash flow generation improved significantly in the first six months of fiscal 2025 compared to the prior year, primarily due to a lack of incentive compensation payouts. Looking ahead, Rockwell Automation anticipates sequential improvement in sales and margins through the remainder of 2025.

Financial Statements
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Key Highlights

  • 1Total sales for the three months ended March 31, 2025, decreased by 6% to $2,001 million compared to $2,126 million in the prior year period.
  • 2Net income attributable to Rockwell Automation for the three months ended March 31, 2025, was $252 million, a decrease from $266 million in the prior year period.
  • 3Diluted Earnings Per Share (EPS) for the three months ended March 31, 2025, was $2.22, down from $2.31 in the comparable period of the prior year.
  • 4Organic sales decreased by 4% for the three months and 6% for the six months ended March 31, 2025, indicating underlying business performance challenges.
  • 5The Software & Control segment showed resilience with a significant increase in segment operating margin to 30.1% for the three-month period, driven by cost controls and pricing.
  • 6Free cash flow generation improved substantially, reaching $464 million for the six months ended March 31, 2025, compared to $34 million in the prior year, largely due to a favorable comparison on incentive compensation payouts.
  • 7The company repurchased approximately 467,848 shares of common stock during the quarter ended March 31, 2025, at an average price of $275.35 per share.

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