Posted July 25, 2018

Rockwell Automation sales rise 6.2 percent

Rockwell Automation reported fiscal 2018 third quarter sales of $1.7 billion, up 6.2 percent from $1.6 billion in the third quarter of fiscal 2017.

Organic sales grew 5.7 percent. Currency translation increased sales by 1.8 percentage points, and the prior year divestiture reduced sales by 1.3 percentage points.

Net income was $198.6 million or $1.58 per share, compared to net income of $216.9 million or $1.67 per share in the third quarter of fiscal 2017. The decrease in net income and EPS was driven by $76.8 million of fair value adjustments recognized in connection with Rockwell's $1 billion equity investment in PTC Inc.