Posted November 8, 2017

Rockwell Automation sales up 8.4 percent

Rockwell Automation reported fiscal 2017 fourth quarter sales of $1.7 billion, up 8.4 percent from $1.5 billion in the fourth quarter of fiscal 2016.

Organic sales grew 5.6 percent. Currency translation increased sales by 1.5 percentage points, and acquisitions contributed 1.3 percentage points to sales growth.

Net income was $204.6 million or $1.57 per share, compared to $185.2 million or $1.43 per share in the fourth quarter of fiscal 2016.

For the full year, sales were $6.3 billion in fiscal 2017, up 7.3 percent from $5.9 billion in fiscal 2016. Organic sales grew 6.1 percent.

“We saw positive contributions from all regions and broad-based growth across most verticals, particularly automotive, food and beverage, semiconductor, chemicals, and metals. Importantly, we saw oil and gas return to meaningful growth in the quarter, which helped our process business grow above the company average," said Blake D. Moret, president and chief executive officer.