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Jun 30, 2023
Rockwell Automation Q3 2023 Earnings Report
Rockwell delivered double-digit sales and earnings growth with improved electronic component availability.
Key Takeaways
Rockwell Automation reported a strong third quarter in fiscal year 2023, with a 13.7% increase in sales compared to the same period last year. Diluted EPS increased by 35% and adjusted EPS increased by 13%. The company has updated its fiscal year 2023 guidance for reported and organic sales growth to 14.0% - 16.0%, and diluted EPS guidance to $12.46 - $12.86.
Reported sales were up 13.7% year over year, with organic sales up 13.2%.
Total ARR increased by 17% year over year.
Diluted EPS was $3.45 and adjusted EPS was $3.01, up 35% and 13% year over year, respectively.
Fiscal 2023 reported sales growth guidance was updated to 14.0% - 16.0%, with organic sales growth also at 14.0% - 16.0%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Rockwell Automation updated its fiscal year 2023 guidance, reflecting performance to date and assuming continued supply chain improvement.
Positive Outlook
- Reported sales growth updated to 14.0% - 16.0%.
- Organic sales growth updated to 14.0% - 16.0%.
- Inorganic sales growth remains at approximately 1.0%.
- Diluted EPS guidance updated to $12.46 - $12.86.
- Adjusted EPS guidance updated to $11.70 - $12.10.
Challenges Ahead
- Currency translation is expected to decrease sales by approximately (1.0)%.
- Potential volatility in reported quarterly earnings due to changes in the market value of PTC Inc. stock.
- Risks associated with managing solutions and services businesses.
- Uncertainties of litigation, including liabilities related to the safety and security of hardware and software products.
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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