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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.
ZEDEDA has entered a significant supply agreement with Rockwell Automation (NYSE:ROK) to enhance edge computing capabilities for manufacturers. This partnership allows Rockwell Automation to integrate ZEDEDA's technology into its edge management offerings, facilitating better management of edge devices and applications. The demand for edge technologies is on the rise, with a projected 76% investment increase in the sector this year. ZEDEDA's orchestration solution has gained traction with Global 500 companies and has recently secured $26 million in Series B funding, including investments from Rockwell Automation.
Rockwell Automation reported strong fiscal 2022 results, with total orders surpassing $10 billion, marking a 20% year-over-year increase. Q4 sales rose 17.6% to $2.126 billion, driven by a 20.5% organic sales boost. Diluted EPS for Q4 reached $2.91, a 300% increase year-over-year, while full-year diluted EPS was $7.97. The company expects fiscal 2023 sales growth between 7.5% and 11.5%, with diluted EPS guidance set at $9.54 to $10.34. Despite supply chain challenges, Rockwell is optimistic about its backlog and operational resilience.
Rockwell Automation (NYSE: ROK) has successfully acquired CUBIC, a provider of modular systems for electrical panels, enhancing its intelligent motor control capabilities. Founded in 1973, CUBIC operates in sectors like renewable energy and data centers from its base in Denmark. This acquisition allows Rockwell to leverage CUBIC’s advanced modular systems alongside its technology, aiming for faster market delivery and broader applications. It also facilitates market expansion into Asia, Europe, and Latin America.
The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) has declared a quarterly dividend of $1.18 per share, an increase from the previous $1.12. This dividend is payable on December 12, 2022, to shareholders of record by November 14, 2022. The decision reflects the company's strong operating performance and its commitment to returning value to shareholders.
Rockwell Automation, Inc. (NYSE: ROK) will announce its fourth quarter fiscal 2022 results on November 2, before market opening. The results will be accessible on the Investor Relations website. A conference call to discuss the findings is scheduled at 7:30 a.m. CDT on the same day, with audio webcast available. Interested participants can dial in using provided numbers. Presentation materials and a replay of the call will remain on the website until December 2.
Rockwell Automation (NYSE:ROK) has partnered with Cognite to enhance industrial data management through a new edge-to-cloud data hub. This collaboration aims to simplify access to manufacturing data, enabling real-time decision-making and effective workflow improvements. The offering combines Rockwell’s FactoryTalk® software with Cognite Data Fusion® to create a unified platform that helps manufacturers better manage their data without incurring excessive costs. This strategic move is expected to accelerate digital transformation across various industries.
Rockwell Automation has launched FactoryTalk® Design Hub™, a cloud-based solution aimed at enhancing collaboration and productivity for design teams in industrial automation. This innovative platform allows teams to access design tools remotely, thereby accelerating project timelines and reducing costs. The offering includes five core solutions: Design Studio, Optix, Twin Studio, Vault, and Remote Access, which together address collaboration, scalability, and productivity challenges.
Rockwell Automation (NYSE: ROK) is set to hold its annual investor meeting on November 16, coinciding with the Automation Fair at McCormick Place, Chicago. The public webcast will start at approximately 9:15 a.m. CST, featuring presentations by CEO Blake Moret and other executives. Investors can access the meeting via the Rockwell Automation Investor Relations website. Rockwell Automation, headquartered in Milwaukee, provides industrial automation solutions globally, employing around 25,000 people in over 100 countries.
Rockwell Automation (NYSE: ROK) has appointed Robin Saitz as the new Vice President and Chief Marketing Officer. Saitz, who reports to Scott Genereux, will lead global marketing initiatives for Rockwell’s extensive portfolio, focusing on demand generation and brand development. She previously held significant roles in the company following the acquisition of Plex Systems in September 2021. Saitz's engineering background and marketing expertise are expected to enhance Rockwell's market presence, particularly in key areas like digital transformation and sustainability.
Rockwell Automation (NYSE: ROK) has announced its acquisition of CUBIC, a modular systems provider for electrical panel construction, headquartered in Denmark. The acquisition aims to enhance Rockwell’s intelligent motor control offerings, targeting fast-growing sectors like renewable energy and data centers. CUBIC is projected to generate over
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