- Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2017
third quarter sales of $1,599.2 million, up 8.5 percent from
$1,474.0 million in the third quarter of fiscal 2016. Organic sales
grew 8.2 percent. Currency translation reduced sales by 0.9
percentage points, and acquisitions contributed 1.2 percentage
points to sales growth.
third quarter net income was $216.9 million or $1.67 per share,
compared to $191.0 million or $1.46 per share in the third quarter
of fiscal 2016. Fiscal 2017 third quarter Adjusted EPS was $1.76, up
14 percent compared to $1.55 in the third quarter of fiscal 2016.
was 17.3 percent in the third quarter of fiscal 2017 compared to
17.1 percent in the same period last year. Total segment operating
margin was 21.1 percent, unchanged from a year ago. Total segment
operating earnings were $337.0 million in the third quarter of
fiscal 2017, up 8 percent from $311.0 million in the same period of
The increases in
EPS, Adjusted EPS, pre-tax income, and total segment operating
earnings were primarily due to higher sales, partially offset by
higher incentive compensation.
the results, Blake D. Moret, president and chief executive officer,
said, "We had another quarter of strong sales and earnings
performance. Organic sales grew 8 percent, in line with our
expectations. EPS was up double digits for the third consecutive
quarter, and free cash flow remained strong.
"I am pleased to
see broad-based sales growth across regions and industries. Growth
was led by double-digit increases in Asia Pacific and Latin America.
The U.S., our largest market, was up 10 percent, including the
contribution from acquisitions. Transportation, food and beverage,
and semiconductor were strong."