Manufacturers

Rockwell Automation Reports Second Quarter 2015 Results

MILWAUKEE — Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2015 second quarter sales of $1,550.8 million, down 3.1 percent from $1,600.5 million in the second quarter of fiscal 2014. Organic sales grew 2.7 percent, and currency translation reduced sales by 6.0 percent.

Fiscal 2015 second quarter Adjusted EPS was $1.59, up 18 percent compared to $1.35 in the second quarter of fiscal 2014. Total segment operating earnings were $334.2 million in the second quarter of fiscal 2015, up 11 percent from $302.1 million in the same period of fiscal 2014. Total segment operating margin expanded to 21.6 percent from 18.9 percent a year ago, primarily due to higher organic sales, strong productivity and favorable mix, partially offset by increased spending.

On a GAAP basis, fiscal 2015 second quarter net income was $206.0 million or $1.51 per share, compared to $180.3 million or $1.28 per share in the second quarter of fiscal 2014. Pre-tax margin increased to 17.8 percent in the second quarter of fiscal 2015 from 15.5 percent in the same period last year.

Commenting on the results, Keith D. Nosbusch, chairman and chief executive officer, said, “Earnings growth in the quarter was robust in spite of lower sales, as solid organic sales growth was more than offset by a large currency headwind. Margin expansion was very healthy and free cash flow was also strong in the quarter. I am extremely pleased with 15 percent first half growth in Adjusted EPS, an excellent result in this market environment. We have demonstrated that even in a lower growth environment, we can still grow earnings and deliver great value to shareowners.”

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