Rockwell Automation sales up 7 percent
Rockwell Automation reported fiscal 2014 first quarter sales of $1.59 billion, up 7 percent from $1.48 billion in the first quarter of fiscal 2013.
Organic sales growth was also 7 percent as the net effect of acquisitions and currency translation was negligible.
Total segment operating earnings were $328.0 million, or $1.47 per share, compared to $276.0 million, or $1.23, in the same period of fiscal 2013.
“Sales in the U.S. were robust and I was pleased to see the Asia Pacific region return to growth. Overall organic sales growth of 7 percent and Adjusted Earnings per Share growth of 20 percent provide a strong start to the fiscal year,” said Keith D. Nosbusch, chairman and chief executive officer.
Architecture & Software fiscal 2014 first quarter sales were $695.9 million, an increase of 6 percent from $657.5 million in the same period last year.
Control Products & Solutions fiscal 2014 first quarter sales were $895.8 million, an increase of 8 percent from $831.7 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.
