Rockwell Automation sales and earnings rise
Rockwell Automation reported fiscal 2014 second quarter sales of $1.6 billion, up 5 percent from the second quarter of fiscal 2013.
Organic sales increased 7 percent, and currency translation reduced sales by 2 percentage points.
Net income was $180.3 million, or $1.28 per share, compared to $175.9 million, or $1.24, in the second quarter of fiscal 2013.
Commenting on the results, Keith D. Nosbusch, chairman and chief executive officer, said, “Sales were strong in the quarter with 7 percent organic growth. I was particularly pleased to see growth in all regions for the first time in over a year. Adjusted earnings per share in the first half of the fiscal year grew a healthy 10 percent in spite of a significant headwind from a higher tax rate.”
Control Products & Solutions fiscal 2014 second quarter sales were $913.7 million, an increase of 3 percent from $883.6 million in the same period last year. Organic sales increased 5 percent.
Architecture & Software fiscal 2014 second quarter sales were $686.8 million, an increase of 7 percent from $639.2 million in the same period last year. Organic sales increased 9 percent.
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.
