Rockwell Automation revenue up 25 percent
Rockwell Automation reported fiscal 2010 third quarter revenue of $1.2 billion, up 25 percent compared to $1.0 billion in the third quarter of fiscal 2009.
Fiscal 2010 third quarter revenue was up 9 percent sequentially compared to the second quarter of fiscal 2010. Fiscal 2010 third quarter net income was $119.4 million, or 83 cents per share, compared to $32.8 million, 23 cents per share, in the third quarter of fiscal 2009.
Total segment operating earnings were $198.0 million, up from $86.3 million in the same period of 2009.
"Our revenue growth was broad-based across all regions. China had an exceptional quarter with 42 percent year-over-year organic growth and Latin America rebounded strongly. Operating margin expanded and we increased spending to fuel future growth," said Keith D. Nosbusch, chairman and chief executive officer.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
