Posted July 25, 2019

Rockwell Automation sales decline 2 percent

Rockwell Automation reported fiscal 2019 third quarter sales of $1.66 billion, down 2.0 percent from $1.69 billion in the third quarter of fiscal 2018.

Organic sales grew 0.5 percent. 

Net income was $261.4 million or $2.20 per share, compared to $198.6 million or $1.58 per share in the third quarter of fiscal 2018.

"Globally, organic sales were up 0.5 percent. In general, we saw strong growth in our longer-cycle end markets, while shorter-cycle end markets weakened. Organic sales growth in the quarter was led by heavy industries, including oil and gas, pulp and paper, and mining, as well as life sciences, each of which grew double digits. Growth was tempered by year-over-year declines in automotive, semiconductor, and food and beverage," said Blake D. Moret, chairman and chief executive officer.