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Dec 31, 2020
Rockwell Automation Q1 2021 Earnings Report
Rockwell Automation reported first quarter fiscal 2021 results and updated fiscal 2021 guidance.
Key Takeaways
Rockwell Automation's first quarter fiscal 2021 sales were $1,565.3 million, a 7.1% decrease year-over-year. Diluted EPS was $5.06 and Adjusted EPS was $2.38, which includes $0.45 from a favorable legal settlement. The company is updating fiscal 2021 Diluted EPS guidance to $11.07 - $11.47 and Adjusted EPS guidance to $8.70 - $9.10.
Reported sales down 7.1 percent year over year; organic sales down 9.7 percent
Total orders up double digits sequentially, exceeding pre-pandemic levels
Inorganic investments contributed 1.8 percent to reported sales growth
Diluted EPS of $5.06 and Adjusted EPS of $2.38 include $0.45 from a favorable legal settlement
Rockwell Automation
Rockwell Automation
Rockwell Automation Revenue by Segment
Rockwell Automation Revenue by Geographic Location
Revenue by Segment
Intelligent Devices Revenue
CapyFin.comLifecycle Services Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com Forward Guidance
Rockwell Automation updates fiscal 2021 Diluted EPS guidance to $11.07 - $11.47 and Adjusted EPS guidance to $8.70 - $9.10, based on strong order performance and assuming no increase in pandemic-related disruptions.
Positive Outlook
- Reported sales growth 8.5% - 11.5%
- Diluted EPS $11.07 - $11.47
- Organic sales growth 4.5% - 7.5%
- Adjusted EPS $8.70 - $9.10
- Inorganic sales growth ~1-1.5%
Challenges Ahead
- COVID-19 pandemic and global efforts to respond to it continue to evolve
- Our projections assume no increase in pandemic-related facility closures or disruptions to the supply chain.
- Macroeconomic factors, including global and regional business conditions
- The availability and price of components and materials
- Uncertainties of litigation, including liabilities related to the safety and security of the hardware and software products, solutions and services we sell
Revenue & Expenses
Visualization of income flow from segment revenue to net income