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Dec 31, 2023
Rockwell Automation Q1 2024 Earnings Report
Rockwell Automation reported encouraging start to fiscal year 2024, with sales and customer order activity up.
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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