Rockwell Automation Q4 2020 Earnings Report
Key Takeaways
Rockwell Automation reported a decrease in fourth-quarter sales by 9.3% year-over-year, but sales were up 12.6% sequentially. The diluted EPS was $2.25, and the adjusted EPS was $1.87. The company introduced fiscal 2021 EPS guidance with diluted EPS expected to be between $8.07 and $8.47, and adjusted EPS between $8.45 and $8.85.
Fourth quarter reported sales decreased 9.3% year-over-year, with organic sales down 12.1% year-over-year.
Fourth quarter reported sales increased 12.6% sequentially; organic sales increased 9.9% sequentially.
Fourth quarter diluted EPS was $2.25, and adjusted EPS was $1.87.
Introduced fiscal 2021 EPS guidance: Diluted EPS $8.07 - $8.47; Adjusted EPS $8.45 - $8.85 (new definition).
Rockwell Automation
Rockwell Automation
Rockwell Automation Revenue by Segment
Rockwell Automation Revenue by Geographic Location
Forward Guidance
Rockwell Automation provided fiscal year 2021 guidance, anticipating continued recovery and growth.
Positive Outlook
- Reported sales growth 6% - 9%
- Organic sales growth 3.5% - 6.5%
- Inorganic sales growth 1.0% - 1.5%
- Currency translation ~ 1%
- Diluted EPS $8.07 - $8.47
Challenges Ahead
- The COVID-19 pandemic and global efforts to respond to it continue to evolve.
- Projections assume that a gradual recovery continues, with no increase in pandemic-related facility closures or disruptions to the supply chain.
- Fiscal 2021 guidance excludes estimates of adjustments on a forward-looking basis due to variability, complexity, and limited visibility of these items.
- Guidance is based on Adjusted Income attributable to Rockwell, which includes an adjustment for Schlumberger's non-controlling interest in Sensia.
- There is no specific negative guidance mentioned in the provided text.