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.
Plex Systems, a Rockwell Automation company, announced enhancements to its Quality Management System (QMS) to comply with updated Ford Motor Company's IATF 16949:2016 requirements. The enhanced Plex QMS will assist automotive suppliers in achieving compliance in as little as five weeks, integrating features for Failure Mode and Effects Analysis (FMEA). These updates aim to drive quality through digitalization, reduce compliance costs, and improve supplier performance. Plex's solutions will be showcased at the upcoming AIAG Quality Summit and Automation Fair.
Rockwell Automation (NYSE: ROK) has joined CESMII, the Smart Manufacturing Institute, aiming to enhance smart manufacturing across the U.S. manufacturing sector. This partnership focuses on workforce development and sustainability, with Rockwell's VP of Sustainability, Tom O'Reilly, joining CESMII's board. Both organizations aim to reduce carbon footprints and improve efficiency through data-driven sustainability practices. Rockwell emphasizes the need for a skilled workforce capable of adapting to technological advancements in fast-paced modern manufacturing environments.
Rockwell Automation (NYSE: ROK) will have its Chairman and CEO, Blake Moret, present at the Morgan Stanley Laguna Conference on September 14, 2022, in Dana Point, California. The fireside chat is scheduled to begin at approximately 7:35 a.m. PDT and will be webcast live, accessible through the Rockwell Automation Investor Relations website.
As a leader in industrial automation, Rockwell Automation employs around 25,000 professionals across more than 100 countries, focusing on enhancing productivity and sustainability through technology.
Rockwell Automation, Inc. (NYSE: ROK) has announced that registration is open for the Automation Fair 2022 in Chicago from Nov. 14-17. The event expects over 10,000 attendees, focusing on industrial automation and digital transformation. It will feature immersive exhibits, technical training, and discussions on critical industry challenges. Highlights include the Process Solutions User Group on Nov. 14-15, and more than 150 educational sessions during the fair.
Rockwell Automation's subsidiary, Plex Systems, has been selected by ZEVx, Inc. to implement its Manufacturing Execution System (MES). This strategic partnership aims to drive production of electrification solutions, enhancing ZEVx's capacity for data intelligence and battery electric power systems. ZEVx intends to automate manual processes, improve data accuracy, and achieve compliance with IATF and ISO certifications through Plex MES. This collaboration reflects Rockwell's commitment to advancing the e-mobility sector.
Rockwell Automation reported a robust fiscal Q3 2022, with total sales reaching $1,969 million, marking a 6.5% increase year-over-year. Organic sales rose by 7.1%, bolstered by a 2.5% contribution from acquisitions, despite a 3.1% decline due to currency effects. Diluted EPS stood at $2.55, up 10%, while Adjusted EPS rose 15% to $2.66. The company updated its guidance for fiscal 2022, forecasting reported sales growth of 10.5% - 12.5% and diluted EPS between $7.74 and $8.14. Strong order demand and improving supply chain conditions were emphasized.
Rockwell Automation (NYSE: ROK) is set to announce its third quarter fiscal 2022 results on July 27, before the market opens. The results will be available on the company's Investor Relations website. A conference call to discuss these results is scheduled for 7:30 a.m. CDT on the same day, accessible via dial-in or webcast. Interested parties should log in 10 minutes early and use passcode 5499533. A replay and presentation materials will be accessible until August 26.
Plex Systems, a Rockwell Automation company, has launched a modularization approach for its Smart Manufacturing Platform to enhance scalability and accessibility in digital transformation for manufacturers. This innovative, cloud-native platform allows companies to initiate their digital journey through various entry points like quality management (QMS) or manufacturing execution systems (MES), enabling them to add features like production monitoring as needed. This flexible model is designed to address immediate manufacturing challenges while paving the way for future enhancements.
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