Rockwell Automation: Fiscal Q4 Earnings Snapshot

Nov 2, 2022, 12:18 AM | Updated: 12:36 pm

MILWAUKEE (AP) — Rockwell Automation Inc. (ROK) on Wednesday reported fiscal fourth-quarter earnings of $338.9 million.

On a per-share basis, the Milwaukee-based company said it had net income of $2.91. Earnings, adjusted for non-recurring costs, came to $3.04 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.

The industrial equipment and software maker posted revenue of $2.13 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.11 billion.

For the year, the company reported profit of $932.2 million, or $7.97 per share. Revenue was reported as $7.76 billion.

Rockwell Automation expects full-year adjusted earnings in the range of $10.20 to $11 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROK at https://www.zacks.com/ap/ROK

___

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE --A man stands at the entrance of a hospital in Frankfurt, Friday, Nov. 19, 2021. (AP Photo/Mi...
Associated Press

Panel proposes major overhaul of German hospital financing

BERLIN (AP) — An expert panel unveiled a proposal Tuesday for a major overhaul of Germany’s system for funding hospitals that it says would promote quality over quantity, ending what some described as a “hamster wheel” system where clinics tried to perform as many procedures as possible. The government-appointed panel of independent experts suggested putting […]
1 day ago
President Joe Biden and first lady Jill Biden walk on the South Lawn of the White House in Washingt...
Associated Press

White House invites in state lawmakers before 2023 sessions

WASHINGTON (AP) — The White House is playing host to roughly 50 Democratic state lawmakers from 31 states this week as legislatures prepare for their upcoming sessions, aiming to talk over strategy on top issues like climate change, gun violence, abortion rights and voting rights. Those expected to attend the meetings on Tuesday and Wednesday […]
1 day ago
FILE - Virginia Gov. Glenn Youngkin speaks to supporters as he attends a campaign rally on Monday, ...
Associated Press

Youngkin’s early shine faces test as he eyes White House bid

RICHMOND, Va. (AP) — Glenn Youngkin swept into office as a Republican sensation with a fresh formula for victory as the GOP contemplated its future beyond Donald Trump. But one year after Youngkin became the first Republican in more than a decade to win the Virginia governorship, some in his party believe the shine of […]
1 day ago
Associated Press

Latvia revokes license of independent Russian TV channel

TALLINN, Estonia (AP) — Latvia has revoked the license of an independent Russian TV channel exiled in the Baltic country for, among other things, voicing support for the Russian military and including Crimea in its map of Russia, media authorities said on Tuesday. The decision by the Latvian National Electronic Mass Media Council was based […]
1 day ago
FILE - President Joe Biden speaks about manufacturing jobs and the economy at SK Siltron CSS, a com...
Associated Press

Biden to visit Arizona computer chip site, highlight jobs

President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority. Biden has staked his legacy in large part on major […]
1 day ago
Associated Press

First delivery of S. Korean heavy weapons comes to Poland

GDYNIA, Poland (AP) — Polish President Andrzej Duda and the country’s defense minister on Tuesday took delivery of a first shipment of tanks and howitzers from South Korea, hailing the swift implementation of a deal signed in the summer in the face of the war in neighboring Ukraine. Duda and Mariusz Blaszczak were in the […]
1 day ago

Sponsored Articles

Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Rockwell Automation: Fiscal Q4 Earnings Snapshot