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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%.
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 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.
- Availability and price of components and materials.
Revenue & Expenses
Visualization of income flow from segment revenue to net income