MILWAUKEE – Rockwell
Automation Inc. on Thursday said it ended its fiscal year with
record sales and per-share earnings, according to a company
The company is forecasting continued growth in the new fiscal
year, which began Oct. 1. In the three months ended Sept. 30,
which was the company’s final fiscal quarter, net income
increased 10 percent to $215.3 million, or $1.53 per share,
compared to $195.2 million or $1.38 per share in the fourth
quarter of fiscal 2012.
Milwaukee-based Rockwell is a supplier of automation systems and
software and is one of the global technology leaders that’s
headquartered in Southeastern Wisconsin.
It’s earnings gain came on a 3 percent increase in sales to $1.7
billion, with some of the most sluggish markets being China and
India. For the full 2013 fiscal year, the company reported
per-share earnings of $5.71, up from $5.29 a year earlier.
“We finished the year on a strong note, as both sales and
earnings per share came in at the high end of the guidance we
provided in July. I was particularly pleased with product sales
growth of over 6 percent in the quarter,” said Keith D. Nosbusch,
Rockwell’s chairman and CEO. “For the full year we achieved
record sales and earnings per share despite sluggish market
conditions. Our Latin America region had an outstanding year
with 12 percent organic growth. For the company, segment
operating margin increased by almost a point – a very good
result in a low growth environment.”
For the new fiscal year, Rockwell expects fiscal 2014 per-share
earnings to rise to $5.95 to $6.35, according to a company
On Wednesday, Rockwell announced a 12 percent increase in its
quarterly dividend to 58 cents per share, doubling its level
from four years ago.