Summary
Rockwell Automation, Inc. (ROK) has filed an 8-K report detailing significant changes to its financial reporting structure and non-GAAP metric definitions, effective for fiscal year 2021. These changes are primarily informational and do not alter the company's consolidated financial results. The company is reorganizing its reporting segments and refining its definitions of Adjusted Income and Adjusted EPS. Investors should note that the definition of Adjusted Income and Adjusted EPS will now exclude purchase accounting depreciation and amortization expenses and their related tax impacts. Similarly, the Adjusted Effective Tax Rate definition will be adjusted to align with these exclusions. The filing includes recast segment information and reconciliations under the new definitions for fiscal years 2018, 2019, and 2020, which will also be available on the company's investor website. This information is being furnished, not filed, under Regulation FD.
Key Highlights
- 1Restructuring of operating segments for reporting purposes, effective FY2021.
- 2Modification of Adjusted Income and Adjusted EPS definitions to exclude purchase accounting depreciation and amortization.
- 3Changes are effective for fiscal year 2021 and beyond.
- 4Recast segment information for FY2018, FY2019, and FY2020 is provided.
- 5Recast reconciliations for Adjusted Income, Adjusted EPS, and Adjusted Effective Tax Rate under new definitions are included.
- 6Information will be available on the Rockwell Automation investor website.
- 7This disclosure is made under Regulation FD and is furnished, not filed.