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.
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.
