Rockwell 1Q sales decline 9.4 percent
Rockwell Automation reported fiscal 2016 first quarter sales of $1.42 billion, down 9.4 percent from $1.57 billion in the first quarter of fiscal 2015.
Organic sales declined 3.3 percent, and currency translation reduced sales by 6.1 percent.
Fiscal 2016 first quarter adjusted EPS was $1.49, down 9 percent compared to $1.64 in the first quarter of fiscal 2015. Total segment operating earnings were $295.9 million in the first quarter of fiscal 2016, down 15 percent from $346.8 million in the same period of fiscal 2015.
"As expected, we had a weak start to the fiscal year with organic sales down 3 percent due to challenging market conditions in the U.S. and Asia Pacific. Heavy industry end markets continued to soften globally, particularly oil and gas in the U.S. I am pleased with the continued solid growth we are seeing in EMEA and Latin America," said Keith D. Nosbusch, chairman and chief executive officer.
Architecture & Software quarterly sales were $642.9 million, a decrease of 9.2 percent compared to $707.8 million in the same period last year.
Control Products & Solutions quarterly sales were $783.7 million, a decrease of 9.6 percent compared to $866.6 million in the same period last year.
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.
