Rockwell Automation, Inc. - ROK STOCK NEWS

Rockwell Automation, Inc. (NYSE: ROK) reported strong fiscal Q3 2021 results, with sales reaching $1,848.2 million, up 32.6% year-over-year. Organic sales grew by 26.4%, boosted by high demand for automation solutions. GAAP net income was $271.3 million ($2.32/share), down from $317.8 million ($2.73/share) due to lower fair-value gains related to PTC investments. Adjusted EPS surged 75% to $2.31. The company raised its fiscal 2021 guidance, projecting sales growth of ~12% and EPS between $12.85 - $13.05, reflecting confidence in ongoing demand despite anticipated supply chain constraints.

Kalypso, a professional services firm, has been named PTC System Integrator Partner of the Year for demonstrating excellence in helping clients accelerate digital transformation. The firm also received the award for Greatest Growth of ACV, indicating significant growth in the sale of PTC solutions. Kalypso's collaboration with PTC and Rockwell Automation has led to substantial impacts for clients, focusing on delivering real business results. This recognition showcases Kalypso's commitment to PTC technologies as essential for business growth.

Rockwell Automation (NYSE: ROK) announced a partnership with Kezzler AS to enhance product traceability in supply chains using cloud-based solutions. This collaboration aims to support manufacturers in the life sciences, food, and consumer goods sectors by ensuring compliance with regulations and meeting sustainability standards. The integration of Rockwell’s capabilities with Kezzler’s digitization technologies will provide real-time visibility across the supply chain, facilitating safety and quality control. Rockwell plans to merge these solutions with its forthcoming acquisition of Plex Systems for improved functionalities.

Rockwell Automation (NYSE: ROK) will announce its third quarter fiscal 2021 results on July 27, 2021, before market opening. The results will be available on the Investor Relations website. An audio webcast conference call discussing the results is scheduled for 8:30 a.m. EST the same day, and presentation materials will be accessible before the call. The call can be joined via specific phone numbers with a passcode. A replay will be available until August 27, 2021.

Rockwell Automation, Inc. (NYSE: ROK) announced the appointment of Cyril Perducat as senior vice president and Chief Technology Officer, effective July 1. He succeeds Sujeet Chand, who is retiring after over 35 years at the company. Perducat brings extensive experience from Schneider Electric, focusing on Internet of Things and Digital Offers. Rockwell's CEO Blake Moret expressed confidence that Perducat’s innovative approach will enhance the company’s technology offerings and maintain its leadership in industrial automation and digital transformation.

Francisco Partners has agreed to sell Plex Systems, a cloud-native smart manufacturing platform, to Rockwell Automation (NYSE: ROK) for $2.22 billion in cash. Plex's software streamlines manufacturing operations, serving over 700 customers globally and executing more than 8 billion transactions daily. This transaction, expected to close in Rockwell's fiscal fourth quarter, follows a significant growth in Plex's subscription revenues, which increased more than fivefold during Francisco Partners' ownership. The sale is anticipated to enhance Rockwell's industry position.

Rockwell Automation (NYSE: ROK) announced an agreement to acquire Plex Systems for $2.22 billion in cash. Plex is recognized as the leading cloud-native smart manufacturing platform, managing over 8 billion transactions daily for more than 700 customers. This acquisition aims to enhance Rockwell’s software revenue growth and strengthen its annual recurring revenue streams through advanced manufacturing capabilities. It is expected to close in Rockwell’s fiscal fourth quarter, pending regulatory approval.

The Board of Directors of Rockwell Automation (NYSE: ROK) has declared a quarterly dividend of $1.07 per share on its common stock. This dividend is payable on September 10, 2021 to shareholders of record as of the close of business on August 16, 2021. Rockwell Automation is a leader in industrial automation, employing around 24,000 individuals globally and serving customers in over 100 countries.

Rockwell Automation (NYSE: ROK) will participate in Bernstein’s 37th Annual Strategic Decisions Conference on June 4. Chairman and CEO Blake Moret, along with CFO Nick Gangestad, will engage in a fireside chat starting at 8:00 a.m. Central Time. Investors can watch the presentation live via Rockwell Automation's Investor Relations website. The company, headquartered in Milwaukee, Wisconsin, is a leader in industrial automation, with around 24,000 employees in over 100 countries, working towards enhancing productivity and sustainability.