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Posted July 30, 2014

Rockwell Automation earnings dip

Rockwell Automation reported fiscal 2014 third quarter sales of $1.64 billion, up 2 percent from $1.62 billion in the third quarter of fiscal 2013.


Organic sales also grew 2 percent.

Net income of $199.7 million, or $1.49 per share, was down from the $203.7 million, or $1.54 from the same period last year. The company said the decrease was related to a higher adjusted effective tax rate in the third quarter of fiscal 2014 compared to the same quarter in the prior year.

"Sales and earnings came in as expected this quarter. We experienced strong year-over-year growth in Architecture & Software, while sales in Control Products & Solutions declined modestly, primarily due to very strong sales in our solutions and services businesses last year. I was pleased to see solid sequential sales growth in both segments and across most regions," said Keith D. Nosbusch, chairman and chief executive officer.

By segment, Architecture & Software fiscal 2014 third quarter sales were $715.2 million, an increase of 7 percent from $671.0 million in the same period last year. Organic sales also increased 7 percent.

Control Products & Solutions fiscal 2014 third quarter sales were $934.3 million, a decrease of 2 percent compared to $953.2 million in the same period last year. Organic sales also decreased 2 percent.

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