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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.
On December 14, 2021, Claroty, a leader in cybersecurity for cyber-physical systems, announced that Rockwell Automation is a co-lead investor in its $400 million Series E funding round. This funding will support Claroty's acquisition of Medigate, enhancing its capabilities in securing the Extended Internet of Things (XIoT) across various sectors. The total funding for Claroty now reaches $635 million, making it the most funded cybersecurity company in industrial, healthcare, and enterprise IoT sectors.
On November 23, 2021, PTC and Rockwell Automation refuted a Berenberg Capital Markets report alleging Rockwell is severing financial ties with PTC and selling its 8.98% stake. Both companies confirmed that the strategic alliance remains intact, providing value-added solutions to manufacturing customers. Since 2018, Rockwell's substantial $1 billion investment in PTC allows for potential share sales under certain conditions. A new resale registration statement has been filed by PTC to comply with contractual obligations, further securing the ongoing partnership.
Plex Systems, a Rockwell Automation company, has launched Plex Production Monitoring, a quick-start solution designed to enhance real-time visibility into plant floor operations. This new tool, an evolution of the previously acquired Plex Mach2, links to machines via PLC or edge devices, allowing for rapid deployment within days. It provides essential metrics, such as downtime and production efficiency, enabling continuous improvement. The launch addresses the pressing need for manufacturers to cut costs and improve quality in a competitive landscape.
Rockwell Automation (NYSE: ROK) announced a significant enhancement to its cybersecurity offerings through partnerships with Dragos and CrowdStrike, alongside the establishment of a new Cybersecurity Operations Center in Israel. These initiatives aim to equip customers with better defenses across the attack continuum. The partnership with Dragos focuses on incident response and threat intelligence, while collaboration with CrowdStrike will utilize its AI-driven Falcon platform for comprehensive security solutions. This investment reaffirms Rockwell's commitment to providing a robust cybersecurity infrastructure.
Claroty, an industrial cybersecurity company, has announced an integration of its Continuous Threat Detection (CTD) solution with Rockwell Automation's FactoryTalk® AssetCentre. This collaboration enables automatic discovery and management of operational technology and IoT assets in industrial networks. The CTD Connector, showcased at the Automation Fair on November 10-11, enhances asset protection and disaster recovery, optimizing visibility and risk management. Key benefits include a centralized asset inventory, ongoing risk assessment, and improved compliance efficiency.
Rockwell Automation (ROK) reported record quarterly orders of $2.2 billion, a 40% increase year-over-year. Fourth quarter sales rose by 15.1%, with an organic sales increase of 12.6%. Diluted EPS was $0.67 while adjusted EPS surged to $2.33. For the full year, reported sales were $6,997.4 million, up 10.5%, and net income increased to $1,358.1 million. The company projects fiscal 2022 sales growth of 16% - 19% and diluted EPS between $9.91 and $10.51.
Rockwell Automation (NYSE: ROK) has acquired AVATA, a prominent provider in supply chain and enterprise performance management solutions. This acquisition enhances Rockwell's capabilities in cloud-native technologies, aimed at improving supply chain visibility and digital transformation for manufacturers. AVATA will integrate into Rockwell’s Kalypso business, amplifying synergies from their existing partnership. The deal supports Rockwell's strategy of offering advanced cloud solutions, catering to increasing market demand for resilient and sustainable operations.
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