Rockwell Automation Q4 2021 Earnings Report
Key Takeaways
Rockwell Automation reported a 15.1% increase in fourth-quarter sales, reaching $1,807.8 million. Adjusted EPS rose by 20.7% to $2.33, while diluted EPS was $0.67. The company introduced fiscal year 2022 guidance, projecting sales growth of 16% - 19% and adjusted EPS of $10.50 - $11.10.
Record quarterly orders of $2.2 billion, up over 40% year over year.
Fourth quarter reported sales up 15.1% year over year; organic sales up 12.6% year over year.
Fourth quarter diluted EPS $0.67; Adjusted EPS $2.33.
Organic ARR grew 18%; total ARR now over 8% of revenue.
Rockwell Automation
Rockwell Automation
Rockwell Automation Revenue by Segment
Rockwell Automation Revenue by Geographic Location
Forward Guidance
Rockwell Automation introduced fiscal 2022 guidance, projecting reported sales growth of 16% - 19% ($8.2 billion at mid-point) and organic sales growth of 14% - 17%. Diluted EPS is expected to be $9.91 - $10.51, and Adjusted EPS is projected at $10.50 - $11.10.
Positive Outlook
- Strong demand
- Record backlog entering into fiscal year 2022
- Sales expected to exceed $8B as component supply improves
- Major new product introductions
- Recent acquisitions will fuel continued orders growth globally across all industry segments
Challenges Ahead
- Supply chain challenges remain dynamic
- Projections assume gradual improvement over the course of the year
- Diluted EPS $9.91 - $10.51
- Adjusted EPS $10.50 - $11.10
- Effective tax rate ~ 16.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income