Rockwell Automat - ROK STOCK NEWS

Rockwell Automation (NYSE: ROK) launches its 33rd annual Automation Fair® 2024 in Anaheim, California, bringing together over 10,000 industry leaders and innovators. The event, themed 'Make It Matter,' features more than 130 interactive exhibits, 275+ educational sessions, and 450+ hours of advanced training. The fair focuses on driving innovation, collaboration, and simplification to achieve resilience, agility, and sustainability in industrial automation.

The event includes daily keynotes, an expo spanning half-million square feet, hands-on labs, product demonstrations, and off-site tours to local industrial facilities. Attendees can customize their experience through various training sessions and networking opportunities with industry experts.

Rockwell Automation (NYSE:ROK) and Kezzler have partnered to address food traceability challenges in response to new FDA requirements. The collaboration combines Rockwell's Plex and FactoryTalk solutions with Kezzler's digital ID technology to enable comprehensive food tracking from origin to finished product. This initiative aims to help companies comply with the FDA Food Safety Modernization Act (FSMA) requirements, which mandate additional record-keeping for high-risk foods by January 20, 2026. The solution helps track ingredients through Traceability Lot Codes, enhancing compliance, operational efficiency, and consumer safety in response to the WHO's estimate that 600 million people globally fall ill from contaminated food annually.

Rockwell Automation (NYSE: ROK) announces integration of NVIDIA Omniverse APIs into its Emulate3D digital twin software, planned for early 2025. The integration aims to enhance factory operations through AI and physics-based simulation technology. The collaboration will enable improved visualization and simulation capabilities for manufacturing environments, allowing multiple dynamic digital twins to be combined and visualized as a complete factory through a web app.

The solution offers hyperscale capabilities, cloud-based deployment options, vendor-agnostic connectivity, and a unified web app for stakeholder visualization. This technology particularly targets industries like consumer packaged goods, food and beverage, life sciences, semiconductor manufacturing, automotive, and material handling.

Rockwell Automation reported Q4 2024 and full year results, highlighting significant declines. Q4 reported and organic sales were down 21% year-over-year, with diluted EPS at $2.09 (down 20%) and adjusted EPS at $2.47 (down 32%). Full year reported sales decreased 9% and organic sales were down 10%. Full year diluted EPS was $8.28 (down 31%), and adjusted EPS was $9.71 (down 20%). Cash flow from operations was $864 million (down 37%) and free cash flow was $639 million (down 47%).

Fiscal 2025 guidance projects reported and organic sales growth between (4)% to 2%, with diluted EPS ranging from $7.65 to $8.85 and adjusted EPS from $8.60 to $9.80. Despite lower-than-expected orders, there was solid operating performance, particularly in the Lifecycle Services segment, which saw a 3% increase in Q4 sales and a 17.4% operating margin.

Divcon Controls has partnered with Rockwell Automation (NYSE: ROK) as a Best-in-Class Partner to deliver innovative solutions for mission-critical data center customers. The partnership leverages Rockwell's advanced Programmable Logic Controllers (PLCs) to improve energy efficiency, asset reliability, and sustainability. Divcon recently implemented a three-tiered redundancy control system solution for a customer, featuring Basic, Intermediate, and Advanced levels of redundancy. The Advanced solution includes dual Programmable Controllers with an internal redundancy network, ensuring continuous operation even during component failures.

Rockwell Automation (NYSE: ROK) has announced an increase in its quarterly dividend to $1.31 per share, up from the previous $1.25. The dividend will be paid on December 10, 2024, to shareholders of record as of November 18, 2024. This dividend increase demonstrates the company's strong financial position and commitment to shareholder returns.

Rockwell Automation (NYSE: ROK) has announced it will release its fourth quarter and full year fiscal 2024 financial results and fiscal 2025 guidance on Thursday, November 7, before market open. The company will host a conference call at 7:30 a.m. CDT on the same day to discuss the results. The earnings release, presentation materials, and audio webcast will be available on Rockwell's Investor Relations website. Investors can join the call using the provided U.S. and international dial-in numbers with passcode 5499533. Materials and call replay will remain accessible through December 6.

Rockwell Automation (NYSE:ROK) has appointed Brian Hovey as the new vice president, Global Marketing and Chief Marketing Officer. Reporting to Scott Genereux, Senior VP and Chief Revenue Officer, Hovey will lead the marketing of Rockwell's full portfolio globally, focusing on driving demand and building the brand. His responsibilities include overseeing industry strategy, marketing communications, analyst relations, demand generation, and commercial marketing.

Hovey brings over 25 years of global leadership experience, most recently serving as VP of Sales Excellence, Safety and Productivity Solutions at Honeywell. He also held marketing leadership roles at Honeywell and spent 14 years leading marketing organizations at Dell Technologies. Hovey holds a bachelor's degree in mechanical engineering from the University of Illinois Urbana-Champaign and an MBA in marketing from the University of Michigan.

Rockwell Automation (NYSE:ROK) has pledged $100,000 to the American Red Cross for Hurricane Helene disaster relief efforts. Hurricane Helene is the second-deadliest mainland US Hurricane in the past 50 years, with over 200 lives lost and hundreds still missing. The hurricane has impacted 32 million people and 12 million households, with 15% of those affected living below the poverty level.

The American Red Cross is providing essential supplies, food, medicine, and shelter to those in need. Ashley Johnson, Rockwell's Community Relations manager, expressed sympathy for those affected and emphasized the company's longstanding relationship with the Red Cross in supporting front-line relief efforts.