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Rockwell Automation Inc. Message Board

  • bluecheese4u bluecheese4u Jul 25, 2012 9:18 AM Flag

    Rockwell Automation Reports Third Quarter 2012 Results

    Rockwell Automation Reports Third Quarter 2012 Results
    • Sales up 3 percent; organic sales up 7 percent
    • Diluted EPS of $1.33
    • Company revises EPS guidance range for fiscal 2012 to $5.00 - $5.20

    MILWAUKEE--(BUSINESS WIRE)--Jul. 25, 2012-- Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2012 third quarter sales of $1,560.4 million, up 3 percent from $1,516.2 million in the third quarter of fiscal 2011. Organic sales increased 7 percent and currency translation reduced sales by 4 percentage points. Income from continuing operations was $190.7 million ($1.33 per share) compared to $178.8 million ($1.22 per share) last year. Earnings per share from continuing operations increased 9 percent.

    Total segment operating earnings were $284.0 million in the third quarter of fiscal 2012, up from $263.3 million in the same period of 2011. Total segment operating margin expanded to 18.2 percent from 17.4 percent a year ago.

    Free cash flow was $232.2 million in the third quarter of fiscal 2012. Return on invested capital was 30.4 percent.

    Organic sales, total segment operating earnings, total segment operating margin, free cash flow and return on invested capital are non-GAAP measures that are reconciled to GAAP measures in the attachments to this release.

    Commenting on the results, Keith D. Nosbusch, chairman and chief executive officer, said, “We delivered solid 7 percent organic sales growth in the quarter with organic growth in all regions. Operating margin expanded almost a point and earnings per share grew 9 percent. It was a good quarter in the midst of a challenging macroeconomic environment.”

    Outlook

    Commenting on the outlook, Nosbusch added, “Most economic indicators have weakened from a quarter ago and the global political environment remains unsettled. Based on this increased uncertainty and our sales performance in the third quarter, we now expect slower growth in the fourth quarter, particularly in Latin America and emerging Asia. Taking these factors into consideration, plus an increasing headwind from currency, we are reducing our sales outlook for the fiscal year to approximately $6.2 billion. Correspondingly, we are revising our fiscal 2012 earnings per share guidance range to $5.00 to $5.20, with about five cents of the reduction coming from currency. Sales and earnings in this range would represent another record year for the company.

    “We are monitoring business conditions closely and will continue to balance near-term financial performance with longer-term growth opportunities. The additional share repurchase authorization and 11 percent dividend increase announced in June support our commitment to provide superior returns to shareowners."

    Following is a discussion of third quarter results for both segments.

    Architecture & Software

    Architecture & Software fiscal 2012 third quarter sales were $663.8 million, a decrease of 1 percent from $672.9 million last year. Organic sales increased 3 percent and currency translation reduced sales by 4 percentage points. Segment operating earnings were $182.3 million in the third quarter of fiscal 2012, compared to $175.9 million in 2011. Segment operating margin increased to 27.5 percent in the third quarter of fiscal 2012, from 26.1 percent a year ago.

    Control Products & Solutions

    http://phx.corporate-ir.net/phoenix.zhtml?c=196186&p=irol-newsArticle&ID=1718096&highlight=

    Presentation [PDF]
    http://www.rockwellautomation.com/investors/get/q3-2012charts.pdf

 
ROK
116.23Jul 28 4:02 PMEDT