Rockwell Automation’s third quarter sales decline 4.5%

Freeman Staff

July 29, 2015

MILWAUKEE - Rockwell Automation, Inc. reported Wednesday that its third quarter sales were $1,575.2 million, down 4.5 percent from $1,649.5 million in the third quarter of fiscal 2014.

Organic sales grew 2.2 percent, and currency translation reduced sales by 6.8 percent.

Fiscal 2015 third quarter adjusted EPS was $1.59, up 7 percent compared to $1.49 in the third quarter of fiscal 2014, according to the Milwaukee-based company.

“I am pleased with our performance in the quarter. We delivered another quarter of solid earnings growth, significant margin expansion, and strong free cash flow despite continued headwinds from currency and a low growth environment. Through three quarters, Adjusted EPS was up 12 percent on lower reported sales. Our results demonstrate excellent execution in these market conditions,” said Keith D. Nosbusch, chairman and chief executive officer, in a statement.