Rockwell Automation Ended Fiscal 2016 on a High Note
Rockwell Automation declares its fiscal 4Q16 earnings
Rockwell Automation (ROK), one of the world’s largest industrial automation companies, declared its fiscal 4Q16 results on November 7, 2016. The company reported adjusted earnings per share (or EPS) of $1.52 in the quarter, compared to $1.57 in fiscal 4Q15. ROK beat estimates by $0.04.
The company’s adjusted EPS figures looked better, partly on account of a 3% lower share count over the previous year’s quarter. Investors reacted positively to ROK’s earnings results, and its stock rose 5.7% in value on the day.
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Among other automation and electrical equipment (XLI) companies, Emerson Electric (EMR) and AMETEK (AME) declared their earnings on November 1, 2016. Investors can also check out our earnings release on Honeywell International (HON), a conglomerate with a significant focus on the automation business.
Blake D. Moret, president and CEO of Rockwell Automation, said about the company’s performance, “The results for the last quarter of fiscal 2016 were a little better than our expectations. We saw positive year-over-year organic growth in the Architecture & Software segment for the first time this year, and some heavy industry markets appear to be stabilizing.”
Moret continued, “For the full year, organic sales at minus 4 percent reflected challenging market conditions; however, I am pleased we were able to hold segment margin above 20 percent. I’m also pleased with our solid free cash flow performance and return on invested capital of 33 percent.”