MILWAUKEE — Rockwell
Automation Inc. said its third-quarter profit fell 2 percent
to $199.7 million, or $1.43 a share, from $203.7 million or
$1.45 a share a year earlier.
Its earnings fell to $1.49 from $1.54, excluding
non-recurring costs, the company said. The Milwaukee-based
supplier of automation technology said its quarterly revenue
increased 1.6 percent to $1.65 billion.
“Sales and earnings came in as expected this quarter. We
experienced strong year-over-year growth in architecture and
software, while sales in control products and solutions
declined modestly, primarily due to very strong sales in our
solutions and services businesses last year. I was pleased
to see solid sequential sales growth in both segments and
across most regions. Free cash flow continued to be strong,”
said Keith D. Nosbusch, chairman and chief executive
“Organic sales grew 5 percent for the first nine months of
the fiscal year and total segment operating margin expanded
by 70 basis points. These results reflect the ongoing
execution of our growth and performance strategy,” he added.