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Rockwell Automation, Inc. (NYSE: ROK) delivers industrial automation solutions powering global manufacturing sector. Track all official company announcements and market-moving developments through this comprehensive news hub.
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Rockwell Automation (NYSE: ROK) announced the election of Robert Soderbery to its board of directors effective February 2, 2022. Soderbery, who has over 30 years of tech industry experience, is currently the executive vice president at Western Digital, overseeing a $10 billion flash memory business. His past roles include leadership positions at Cisco and Symantec. Chairman Blake Moret highlighted Soderbery's technology expertise as a valuable addition to the board, which aims to enhance the company’s strategic direction in industrial automation and digital transformation.
The Board of Directors of Rockwell Automation (NYSE: ROK) declared a quarterly dividend of $1.12 per share on its common stock. This dividend is payable on March 10, 2022, to shareholders of record as of February 14, 2022. Rockwell Automation is a global leader in industrial automation and digital transformation, with approximately 24,500 employees dedicated to enhancing productivity and sustainability across various industries.
Rockwell Automation reported record quarterly orders of $2.5 billion, reflecting over 40% year-over-year growth. Sales for Q1 fiscal 2022 reached $1.857 billion, up 18.7% year-over-year, with an organic sales increase of 16.8%. The company reaffirmed its fiscal 2022 sales growth guidance of 16%-19% and adjusted EPS guidance to $10.01-$10.61. Notably, diluted EPS was $2.05, a decrease from $5.06 in Q1 2021, mainly due to lower fair value gains from investments. Pre-tax margin fell to 15.2% from 44.8% last year, impacting net income.
Plex Systems, a Rockwell Automation company, has received the IDC 2021 SaaS CSAT Customer Satisfaction Award for ERP, ranking higher than competitors in data security, integration ease, and innovation. The award results from a survey of over 2,000 organizations, emphasizing Plex's strong performance amid challenges faced by technology buyers. The company maintains a best-in-class security rating and exceptional uptime of 99.99% in service levels. Plex's commitment to addressing customer needs drives its continuous innovation in cloud-delivered smart manufacturing solutions.
Rockwell Automation (NYSE: ROK) has appointed Gina Ayala Claxton as the new president for the Americas Region, effective immediately. Claxton, with a 20-year tenure at IBM, is recognized for her expertise in enterprise solutions and leadership. She succeeds Alejandro Capparelli, who has transitioned to a vice president role within the company. Claxton will focus on driving growth and simplifying operations in the Americas while advocating for diversity, equity, and inclusion, becoming the first Latina president in this region.
Rockwell Automation (NYSE: ROK) is set to announce its first quarter fiscal 2022 financial results on Thursday, Jan. 27, prior to market opening. The results will be accessible on the company's Investor Relations website. An audio webcast to discuss the results will occur at 7:30 a.m. CST on the same day, with presentation materials available beforehand. A replay will be available until Feb. 28.
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.
