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Sep 30, 2022
Rockwell Automation Q4 2022 Earnings Report
Rockwell Automation reported strong Q4 2022 results, with double-digit growth in organic sales and earnings, driven by compelling customer value amidst supply chain challenges and inflation.
Key Takeaways
Rockwell Automation reported a strong finish to fiscal year 2022, with Q4 organic sales up 20.5% year-over-year and diluted EPS at $2.91, up over 300% year-over-year. Adjusted EPS was $3.04, a 30% increase year-over-year. The company introduced fiscal 2023 guidance, projecting continued growth.
Fourth quarter reported sales increased by 17.6% year-over-year, with organic sales up 20.5%.
Diluted EPS for the fourth quarter was $2.91, up over 300% year-over-year; Adjusted EPS was $3.04, up 30% year-over-year.
Full year orders exceeded $10 billion, representing a growth of over 20% year-over-year.
ARR grew 14% year-over-year, with total ARR exceeding 8% of revenue.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Rockwell Automation anticipates continued growth in fiscal year 2023, with reported sales growth of 7.5% - 11.5% and diluted EPS of $9.54 - $10.34. The guidance reflects record backlog and assumes continued supply chain stabilization.
Positive Outlook
- Record backlog.
- Underlying customer demand.
- More resilient operating model.
- Reported sales growth of 7.5% - 11.5%.
- Organic sales growth of 9.0% - 13.0%.
Challenges Ahead
- Assumes continued supply chain stabilization.
- Currency translation impact of approximately (2.5)%.
- Inorganic sales growth of approximately 1.0%.
- Potential for volatility in quarterly earnings due to investment in PTC Inc.
- Risks related to security vulnerabilities and breaches of hardware and software products.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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