Rockwell Automation sales take a dip
Rockwell Automation reported fiscal 2015 first quarter sales of $1.57 billion, down 1.1 percent from $1.59 billion in the first quarter of 2014.
Organic sales grew 2.1 percent, and currency translation reduced sales by 3.4 percent.
Total segment operating earnings were $346.8 million in the first quarter of fiscal 2015, up 6 percent from $328.0 million in the same period of fiscal 2014. Adjusted earnings per share of $1.64 was up 12 percent compared to $1.47 in the first quarter of fiscal 2014.
"Organic sales growth of 2 percent in the quarter was better than we expected, with particular strength in the Architecture & Software segment and the Latin America region. Although total sales were below last year due to the large currency headwind, adjusted EPS growth of 12 percent provided a good start to the fiscal year," said Keith D. Nosbusch, chairman and chief executive officer.
Architecture & Software fiscal 2015 first quarter sales were $707.8 million, an increase of 1.7 percent from $695.9 million in the same period last year. Organic sales increased 5.1 percent, and currency translation reduced sales by 3.6 percent.
Control Products & Solutions fiscal 2015 first quarter sales were $866.6 million, a decrease of 3.3 percent compared to $895.8 million in the same period last year. Organic sales decreased 0.3 percent, and currency translation reduced sales by 3.2 percent.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
