Rockwell Automation 2Q sales up 1.5 percent
Rockwell Automation said its second quarter sales were $1.6 billion, up 1.5 percent from $1.65 billion in the second quarter of fiscal 2019.
Organic sales declined 0.2 percent, currency translation decreased sales by 1.5 percentage points, and acquisitions increased sales by 3.2 percent.
Net income was $132.2 million, or $1.13 per share, compared to $346.0 million, or $2.88 per share, in the second quarter of fiscal 2019.
The decline in net income was primarily due to fair-value adjustments of Rockwell's $1 billion equity investment in PTC to align the respective smart factory technologies of the two companies.
Architecture & Software quarterly sales were $757.1 million, an increase of 2.4 percent compared to $739.7 million in the same period last year.
Control Products & Solutions quarterly sales were $924.2 million, an increase of 0.7 percent compared to $917.5 million in the same period last year.
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.
