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.
Rockwell Automation (NYSE: ROK) and PTC announced the expansion and early extension of their strategic alliance to enhance their digital transformation offerings. This collaboration aims to improve sales and product development while introducing PTC's software as a service and product lifecycle management solutions. The companies plan to leverage their resources and expertise to provide comprehensive digital solutions, including the FactoryTalk InnovationSuite, which integrates IIoT, analytics, and augmented reality, fostering operational efficiency for manufacturers.
Rockwell Automation has launched the FactoryTalk Edge Gateway, enhancing IT/OT convergence by simplifying the aggregation of operational data from various sources. This innovative solution enriches operational technology data with critical context, enabling enterprises to derive actionable insights efficiently. It promises up to a 70% reduction in data preparation efforts, ultimately facilitating double-digit operational improvements for users. The gateway integrates seamlessly with major platforms like Microsoft Azure, supporting digital transformation initiatives.
Rockwell Automation (NYSE: ROK) is set to announce its fourth quarter fiscal 2020 results on November 10, prior to market opening. Interested investors can access the results on its website. A conference call will follow at 8:30 a.m. EST to discuss the results, available via audio webcast. Call-in details are provided, with a passcode for access. Presentation materials will be available before the call, and a replay will be accessible until December 10.
Rockwell Automation (NYSE: ROK) will host its annual investor meeting virtually on November 17, coinciding with the Automation Fair at Home. The webcast will start at 10:30 a.m. CST, featuring presentations from Chairman and CEO Blake Moret and CFO elect Steve Etzel, followed by an interactive Q&A session. The event aims to engage investors and provide insights into the company's strategies and performance. For more details, interested parties can access the webcast on Rockwell Automation's official website.
Rockwell Automation (NYSE: ROK) announced that CFO Patrick Goris will leave the company for a role at Carrier Global Corporation, effective November 13, 2020. Goris has been with Rockwell for 14 years, contributing to the company's financial strategies. Steve Etzel, a 30-year veteran of Rockwell, will step in as interim CFO. The company will search for both internal and external candidates for a permanent replacement. CEO Blake Moret expressed confidence in Etzel's ability to ensure a smooth transition while maintaining the company's commitment to delivering value to shareholders.
Rockwell Automation (NYSE: ROK) announced the reversal of temporary salary reductions and the reinstatement of the 401(k) company match for U.S. employees by the end of November 2020. CEO Blake Moret highlighted the company's disciplined cost management and improving market conditions as key factors enabling this decision. He emphasized that the company's technology and recent acquisitions position Rockwell well for future growth. The company will release its 4th quarter results on November 10, 2020, followed by an Investor Day on November 17, 2020.
Rockwell Automation (NYSE: ROK) has announced that registration is now open for its 29th annual Automation Fair At Home event, scheduled for Nov. 16-20. The event will primarily be held virtually, featuring keynotes, product demos, training, and industry forums. Limited in-person experiences may occur at its Milwaukee headquarters, depending on conditions. The fair aims to connect customers with the latest innovations in industrial automation and digital transformation.
Rockwell Automation (NYSE: ROK) has launched the PlantPAx® 5.0 distributed control system (DCS), which enhances plant operations through scalable, digital solutions. This version introduces native process functionality, cybersecurity certification, and analytics capabilities that help lower lifecycle costs and operational risks. New features include reduced system footprint, project consistency, and streamlined workflows, allowing for improved user experiences. These advancements support industrial producers in their digital transformation journey, enabling faster profit realization and operational excellence.
Rockwell Automation (NYSE: ROK) and Microsoft (NASDAQ: MSFT) have expanded their five-year partnership to deliver integrated solutions for industrial customers, enhancing digital agility through cloud technology. This collaboration aims to reduce infrastructure costs and improve productivity by connecting information across development, operations, and maintenance teams. Over 20 use cases have previously been co-developed across various industries. The next phase of co-innovation is set for Q1 2021, further augmenting existing offerings.
Rockwell Automation (NYSE: ROK) has acquired Oylo, a Barcelona-based industrial cybersecurity services provider, enhancing its cybersecurity capabilities. This acquisition aligns with Rockwell's commitment to offer best-in-class cybersecurity solutions, particularly as smart devices are increasingly utilized in manufacturing. Oylo specializes in industrial control system (ICS) cybersecurity, providing assessments, implementations, and incident response services. The deal's terms remain undisclosed, and Oylo will be integrated into Rockwell's Lifecycle Services segment.
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