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Sep 30, 2023
Rockwell Automation Q4 2023 Earnings Report
Rockwell Automation reported strong Q4 2023 results, with sales and earnings growth and introduced fiscal 2024 guidance.
Key Takeaways
Rockwell Automation reported a strong fourth quarter with a 20.5% increase in sales and a 19.7% increase in adjusted EPS. The company's performance was driven by strong execution and improved lead times, with double-digit sales growth in all regions and business segments. Fiscal 2024 guidance was introduced, projecting continued growth.
Fourth quarter reported sales up 20.5% year over year, with organic sales up 17.7%.
Fourth quarter diluted EPS of $2.61, down (10)% year over year; adjusted EPS of $3.64, up 20% year over year.
Full year reported sales up 16.7% year over year; organic sales up 16.9% year over year.
Total ARR grew 16% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Rockwell Automation provided fiscal year 2024 guidance, including reported sales growth of 0.5% - 6.5%, organic sales growth of (2.0)% - 4.0%, and diluted EPS of $11.49 - $12.99; Adjusted EPS of $12.00 - $13.50.
Positive Outlook
- Confident in Rockwell’s ability to grow share
- Helping customers scale new production facilities
- Addressing workforce challenges
- Strengthening overall business resilience with new technologies and services
- Streamlined organization and strong focus on productivity enable us to continue to grow earnings
Challenges Ahead
- Dynamic macro environment
- Order normalization
- Sales Growth Guidance: Reported sales growth of 0.5% - 6.5%
- Sales Growth Guidance: Organic sales growth of (2.0)% - 4.0%
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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