Rockwell Automation sales fall 5.5 percent
Rockwell Automation said its fiscal 2020 sales were $6,.3 billion, down 5.5 percent from $6.7 billion in fiscal 2019.
Organic sales decreased 7.8 percent, currency translation decreased sales by 1.2 percentage points, and acquisitions increased sales by 3.5 percent.
Net income was $1 billion or $8.77 per share, compared to $695.8 million or $5.83 per share in fiscal 2019. The increase was primarily due to production tax credit adjustments.
Fiscal 2020 fourth quarter sales were $1,570.0 million, down 9.3 percent compared to $1,730.2 million in the fourth quarter of fiscal 2019. Organic sales decreased 12.1 percent, currency translation decreased sales by 0.3 percentage points, and acquisitions increased sales by 3.1 percentage points.
For the fourth quarter, net income was $262.7 million or $2.25 per share, compared to $8.1 million or 7 cents per share in the fourth quarter of fiscal 2019.
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.
