Welcome to our dedicated page for Rockwell Automation news (Ticker: ROK), a resource for investors and traders seeking the latest updates and insights on Rockwell Automation stock.
Rockwell Automation, Inc. (NYSE: ROK) is a leading American provider of industrial automation solutions, dedicated to enhancing productivity and sustainability. The company's renowned brands include Allen-Bradley, FactoryTalk software, and LifecycleIQ Services. As a pure-play automation competitor, Rockwell Automation develops hardware and software products alongside comprehensive services aimed at optimizing industrial operations.
Tracing its roots back to Rockwell International, Rockwell Automation emerged as an independent entity following the spin-off of Rockwell Collins in 2001. The company operates through three primary segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment encompasses drives, sensors, and industrial components, while the Software and Control segment focuses on information, network, and security software. The Lifecycle Services segment offers consulting, maintenance services, and includes Rockwell's joint venture with SLB, Sensia.
Rockwell Automation has been at the forefront of industrial advancements for over 120 years, driving efficiency and innovation across various sectors. The company's holistic strategy emphasizes sustainability, underscoring its commitment to environmental stewardship and resource optimization. Recent notable achievements include an agreement with 1PointFive to purchase carbon dioxide removal (CDR) credits from a Direct Air Capture (DAC) facility in Texas, reflecting Rockwell Automation's goal of achieving net-zero carbon neutrality by 2030.
In collaboration with 1PointFive, Rockwell Automation supports technologies that advance sustainability objectives by providing practical, transparent, and durable carbon removal solutions. This partnership is a testament to Rockwell's dedication to connecting technology with human potential to build a more connected, productive, and sustainable world.
Additionally, Rockwell Automation has partnered with ISAP India Foundation to modernize dairy farming in the water-scarce region of Antargaon, Maharashtra. This corporate social responsibility (CSR) project leverages innovative technologies and digital solutions to enhance livestock development, resulting in increased milk production and improved livelihoods for local farmers.
Rockwell Automation continues to set industry standards through its cutting-edge solutions and unwavering focus on sustainability and social impact, making it a pivotal player in the global industrial automation landscape.
The Board of Directors of Rockwell Automation (NYSE: ROK) has declared a quarterly dividend of $1.18 per share, payable on March 10, 2023, to shareholders of record as of February 21, 2023. This decision reflects the company’s ongoing commitment to returning value to its shareholders. Rockwell Automation, a leader in industrial automation and digital transformation, employs approximately 26,000 professionals worldwide and is dedicated to enhancing productivity and sustainability across various industries.
Rockwell Automation (NYSE: ROK) will have its Chairman and CEO, Blake Moret, speaking at the Barclays Industrial Select Conference on February 22 in Miami, Florida. The fireside chat is set to commence at approximately 9:45 a.m. EST and will be accessible via a webcast on the company's Investor Relations website.
Rockwell Automation is a leader in industrial automation and digital transformation, with a workforce of about 26,000 employees across more than 100 countries. For more insights, visit www.rockwellautomation.com/en-us/investors.html.
Rockwell Automation (NYSE: ROK) announces that Chairman and CEO Blake Moret will participate in a fireside chat at Citi’s 2023 Global Industrial Tech and Mobility Conference. The event will take place on February 21 in Miami, Florida, starting at approximately 11:20 a.m. EST. Investors and interested parties can access the live webcast through the Rockwell Automation Investor Relations website. Rockwell Automation is a leader in industrial automation and digital transformation, empowering customers worldwide with technology solutions.
Rockwell Automation, Inc. (NYSE: ROK) has appointed Robert (Bob) Buttermore as senior vice president and Chief Supply Chain Officer, effective February 13. Buttermore will lead the Integrated Supply Chain (ISC) organization, overseeing Manufacturing Operations, Logistics, and Customer Care. He succeeds Brad Skogman, who served as interim head since June 2022. Buttermore has a notable career at Rockwell, joining in 1997 and holding various leadership roles, including vice president of the Power Control Business. The transition aims for continuity in the supply chain operations during dynamic industry conditions.
Rockwell Automation (NYSE: ROK) reported Q1 FY2023 sales of $1,981 million, up 6.7% year over year, with organic sales increasing by 9.9%. Net income rose to $384 million ($3.31 per share), a significant increase from $242 million ($2.05 per share) in Q1 FY2022. Adjusted EPS was $2.46, reflecting a 15% growth. The company updated its FY2023 sales growth guidance to 10.0% - 14.0% and diluted EPS guidance to $10.99 - $11.79. Operating cash flow was $66.3 million, a notable recovery from the previous year's negative cash flow. The positive outlook is supported by strong customer demand and improved supply chain conditions.
Rockwell Automation (NYSE: ROK) is set to announce its first quarter fiscal 2023 results on January 26, before the market opens. The earnings report will be available on the company's Investor Relations website. Following the release, a conference call is scheduled for 7:30 a.m. CST to discuss the results, accessible by phone and via audio webcast. The materials and a replay of the call will be available on the website until February 26. Rockwell Automation is a leader in industrial automation, employing approximately 26,000 people globally.
Zoovu announces the appointment of James Novak as CEO, bringing over two decades of experience in enterprise SaaS. Previously CEO of Fiix, Novak led its revenue growth by over 1,000% before its acquisition by Rockwell Automation (NYSE: ROK). His leadership will help Zoovu strengthen its AI-driven Discovery Experience Platform, targeting rapid growth within the exploding digital commerce market, projected to reach $17 trillion by 2030. With established operations in North America and EMEA, Zoovu continues to enhance its platform, serving over 250 enterprise customers.
Rockwell Automation (NYSE: ROK) has been selected by Ford Motor Company to be the primary controls and solutions provider for three new electric vehicle assembly sites. This collaboration aims to enhance production speed and meet increasing customer demands. The partnership, strengthening a 75-year relationship, focuses on aligning assembly tooling with industry standards. Rockwell's solutions will be implemented at Ford's facilities in Oakville, Ontario; Blue Oval City, Tennessee; and Avon Lake, Ohio. This initiative supports Ford's transition to electric vehicles.
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