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Jun 30, 2021
Rockwell Automation Q3 2021 Earnings Report
Rockwell Automation reported strong Q3 2021 results with significant sales growth and record orders.
Key Takeaways
Rockwell Automation reported a strong third quarter with sales up 32.6% year over year and organic sales up 26.4%. The company also reported record orders of over $2 billion and updated its fiscal year 2021 guidance.
Reported sales increased by 32.6% year-over-year, with organic sales up 26.4%.
Record orders exceeded $2 billion, showing double-digit growth year-over-year.
Diluted EPS was $2.32, and Adjusted EPS was $2.31.
Cash Flow from Operations reached $461.5 million, with a Free Cash Flow conversion of 161%.
Rockwell Automation
Rockwell Automation
Rockwell Automation Revenue by Segment
Rockwell Automation Revenue by Geographic Location
Revenue by Segment
Intelligent Devices Revenue
CapyFin.comLifecycle Services Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com Forward Guidance
Rockwell Automation updated its fiscal 2021 sales growth guidance to approximately 12% and organic sales growth guidance to approximately 8%. Diluted EPS guidance is updated to $12.85 - $13.05, and Adjusted EPS guidance is updated to $9.10 - $9.30.
Positive Outlook
- Strong quarterly performance
- Raised outlook reflecting high level of execution
- Organic and inorganic investments to accelerate strategy
- Continued orders strength
- Talented, engaged employees
Challenges Ahead
- COVID-19 pandemic and global efforts to respond to it continue to evolve
- Anticipation of continued supply chain constraints
- Estimated impact of pending Plex acquisition of $(0.15)
- Lower fair-value gains in fiscal 2021 versus fiscal 2020 due to PTC adjustments
- Higher effective tax rate in the third quarter of fiscal 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income