Posted July 28, 2010
Rockwell Automation revenue up 25 percent
Rockwell Automation reported fiscal 2010 third quarter revenue of $1.2 billion, up 25 percent compared to $1.0 billion in the third quarter of fiscal 2009.
Fiscal 2010 third quarter revenue was up 9 percent sequentially compared to the second quarter of fiscal 2010. Fiscal 2010 third quarter net income was $119.4 million, or 83 cents per share, compared to $32.8 million, 23 cents per share, in the third quarter of fiscal 2009.
Total segment operating earnings were $198.0 million, up from $86.3 million in the same period of 2009.
"Our revenue growth was broad-based across all regions. China had an exceptional quarter with 42 percent year-over-year organic growth and Latin America rebounded strongly. Operating margin expanded and we increased spending to fuel future growth," said Keith D. Nosbusch, chairman and chief executive officer.
