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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
Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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