Rockwell Automation sales relatively flat
Rockwell Automation reported fiscal 2019 second quarter sales of $1,657.2 million, up 0.4 percent from $1,651.2 million in the second quarter of fiscal 2018.
Organic sales grew 3.6 percent. Currency translation decreased sales by 3.2 percentage points.
Fiscal 2019 second quarter net income was $346.0 million or $2.88 per share, compared to $227.4 million or $1.77 per share in the second quarter of fiscal 2018.
"Our results for the quarter reflect profitable growth in all regions, led by strong process industry performance. We saw accelerating growth in Information Solutions and Connected Services, reflecting adoption of the Connected Enterprise. Our growth was tempered by weaker-than-expected automotive sales, which impacted our product sales," said Blake D. Moret, chairman and chief executive officer.
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.
