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Mar 31, 2021
Rockwell Automation Q2 2021 Earnings Report
Rockwell Automation reported Q2 2021 results with sales up 5.6 percent and record orders over $2 billion.
Key Takeaways
Rockwell Automation reported a strong second quarter in fiscal year 2021, marked by record orders exceeding $2 billion. Sales increased by 5.6 percent year-over-year, driven by growth in core automation platforms, Information Solutions & Connected Services (IS/CS), and recent acquisitions. The company updated its fiscal 2021 sales growth guidance to 10.5% and organic sales growth guidance to 7% at the midpoint.
Reported sales increased by 5.6 percent year-over-year, with organic sales up 1.3 percent.
Orders exceeded $2 billion, showing double-digit growth sequentially and year-over-year.
Inorganic investments contributed 1.9 percent to reported sales growth.
Diluted EPS was $3.54, and Adjusted EPS was $2.41.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Rockwell Automation updated its fiscal 2021 guidance, projecting sales growth between 9.0% and 12.0% and organic sales growth between 5.5% and 8.5%. Diluted EPS is expected to be between $12.53 and $12.93, while Adjusted EPS is projected to be between $8.95 and $9.35.
Positive Outlook
- Strong orders performance
- Increased guidance
- Continued orders strength
- Helping customers meet current challenges
- Accelerate digital transformation
Challenges Ahead
- COVID-19 pandemic continues to evolve
- Continued supply chain constraints
- Disruptions to our business due to pandemics
- Availability and price of components and materials
- Macroeconomic factors
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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