Rockwell Automation Q1 2024 Earnings Report
Key Takeaways
Rockwell Automation's Q1 2024 results showed a 3.6% increase in reported sales year-over-year, with organic sales up by 1.0%. The company saw an upward inflection in customer order activity, with total orders up double digits sequentially. Diluted EPS was $1.86, and adjusted EPS was $2.04, which were down 44% and 17% year-over-year, respectively.
Reported sales increased by 3.6% year-over-year, with organic sales up by 1.0%.
Acquisitions contributed 1.4% to sales growth.
Total Annual Recurring Revenue (ARR) increased by 20% year-over-year.
Diluted EPS was $1.86, and adjusted EPS was $2.04, representing decreases of 44% and 17% year-over-year, respectively.
Rockwell Automation
Rockwell Automation
Rockwell Automation Revenue by Segment
Rockwell Automation Revenue by Geographic Location
Forward Guidance
Rockwell Automation expects low-single-digit topline growth in FY24, with modest EPS growth weighted to the second half of the year as orders continue to rebound.
Positive Outlook
- Reaffirms fiscal 2024 reported sales growth guidance of 0.5% - 6.5%.
- Reaffirms fiscal 2024 organic sales growth of (2.0)% - 4.0%.
- Updates fiscal 2024 diluted EPS guidance to $11.24 - $12.74.
- Reaffirms adjusted EPS guidance of $12.00 - $13.50.
- Focused on winning share, meeting near-term profitability targets, and investing for the most attractive future opportunities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income