Rockwell Automation reported a 1.5% increase in sales compared to the previous year. Adjusted EPS increased by 19% year over year, primarily driven by lower incentive compensation expenses. The company is updating its fiscal year 2020 diluted and adjusted EPS guidance due to the impact of COVID-19.
Reported sales increased by 1.5 percent year over year; organic sales were flat.
Inorganic investments contributed 3 percent to reported sales growth.
Diluted EPS was $1.13; Adjusted EPS was $2.43.
Cash Flow from Operations was $217.4 million, up 51 percent; Free Cash Flow was $197.8 million, up 89 percent.
Rockwell Automation updated its fiscal year 2020 sales growth and EPS guidance, taking into account the expected impacts of the COVID-19 pandemic and recent acquisitions.
Visualization of income flow from segment revenue to net income