Rockwell Automation sales and earnings rise
Rockwell Automation reported fiscal 2013 fourth quarter sales of $1.71 billion, up 3 percent from $1.66 billion in the fourth quarter of fiscal 2012.
The Milwaukee-based manufacturer of industrial automation equipment said organic sales growth was also 3 percent. Net income was $215.3 million, or $1.62 per share, compared to $195.2 million, or $1.42, in the fourth quarter of fiscal 2012.
Architecture & Software fiscal 2013 fourth quarter sales were $714.3 million, an increase of 6 percent from $671.3 million in the same period last year.
Control Products & Solutions fiscal 2013 fourth quarter sales were $1,001.4 million, an increase of 1 percent from $992.7 million in the same period last year.
Full-year sales were $6.35 billion, up 1.5 percent compared to $6.25 billion in fiscal 2012. Organic sales increased 1.7 percent. Net income for the year was $756.3 million, or $5.71 per share, compared to $737, or $5.29 per share, last year.
“We finished the year on a strong note, as both sales and earnings per share came in at the high end of the guidance we provided in July. I was particularly pleased with product sales growth of over 6 percent in the quarter," said Keith D. Nosbusch, chairman and chief executive officer.
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.
