Rockwell Automation Q1 2021 Earnings Report
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
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