Rockwell Automation, Inc. - ROK STOCK NEWS

Rockwell Automation (NYSE:ROK) is collaborating with Italian drilling-rig specialist Drillmec to enhance efficiency and reduce emissions in carbon capture, usage, and storage (CCUS) facilities. Drillmec's innovative storage technologies, powered by Rockwell's PowerFlex® AC drives, enable more precise and targeted drilling for CCUS entry points. This collaboration aims to make the creation of new CCUS facilities faster, easier, safer, and more cost-effective.

The partnership focuses on optimizing drilling workflows to minimize emissions and maximize efficiency. Drillmec's vice president of marketing, Mohamed Housny, emphasized the importance of Rockwell's technology and expertise in achieving the required intelligence, precision, and control for their new drilling technology. This initiative supports Drillmec's goal of developing solutions that leverage their drilling and rig expertise to reduce emissions and meet environmental objectives.

Rockwell Automation (NYSE: ROK) has announced it will report its third quarter fiscal 2024 results on Wednesday, Aug. 7, before the market opens. The company will host a conference call at 7:30 a.m. CDT on the same day to discuss the quarterly results. The call will be audio webcast and accessible on Rockwell's Investor Relations website, along with presentation materials. Interested parties can dial in using specific numbers for U.S./Canada and other countries. A replay of the call and presentation materials will be available on the website through Sept. 6.

Rockwell Automation (NYSE:ROK), the world's largest industrial automation and digital transformation company, has announced Christian Rothe as its new senior vice president and chief financial officer, effective August 19. Rothe brings extensive experience from his 13-year tenure at Graco Inc., where he served as CFO and treasurer before leading global business divisions. He replaces Nick Gangestad, who is retiring after joining Rockwell in 2021.

CEO Blake Moret expressed confidence in Rothe's ability to accelerate the company's growth and margin expansion plans. Rothe, excited about joining Rockwell, highlighted the company's role in shaping the future of industrial operations worldwide. He will be based at Rockwell's global headquarters in Milwaukee, WI.

Rockwell Automation (NYSE: ROK) announced the success of its model predictive control solution in aiding Compagnie des Ciments Belges SA (CCB), part of Cementir Holding, in its sustainability efforts. This solution forms a key part of CCB’s 10-year roadmap to cut CO2 emissions by 2030. The program includes fossil fuel replacement, low-carbon cement development, and digitalization of manufacturing and maintenance processes. Over two months, the solution reduced energy consumption by 6% and boosted production rates by 8.5%, both exceeding targets.

On June 25, 2024, French renewable energy startup Sweetch Energy announced a partnership with Rockwell Automation (NYSE:ROK) to scale its innovative osmotic power generation technology. This zero-carbon technology, based on the natural salinity difference between freshwater and seawater, will be optimized using Rockwell's process control and visualization platform. The first demonstrator plant will be established at Barcarin lock in Port-Saint-Louis-du-Rhône, France.

Sweetch Energy plans to deploy multiple osmotic stations at the Rhône's mouth, aiming for up to 500 MW of carbon-free electricity, sufficient to power over 1.5 million people. This approach leverages environmentally friendly bio-sourced materials and produces no chemical waste, making it a sustainable and continuous energy source.

Rockwell's global expertise in process control and sustainability will assist in automating and optimizing these scalable, modular installations, supporting Sweetch Energy's international rollout of this innovative technology.

Rockwell Automation (NYSE: ROK) is partnering with Sherwin-Williams General Industrial to introduce Powdura® ECO, a powder paint featuring key sustainability attributes. This paint uses resins containing up to 25% post-consumer recycled plastic, reducing carbon emissions and promoting a circular economy. During the second half of FY24, Rockwell will switch most of its North American painted products, which represent over half of its global usage, to Powdura ECO. This transition aims to divert 4.1 million water bottles from landfills annually and save 1,232 tons of CO2 over a decade based on projected sales.

Rockwell Automation (NYSE:ROK) has announced a quarterly dividend of $1.25 per share on its common stock.

This dividend is scheduled for payment on September 10, 2024, to shareholders of record as of August 12, 2024.

The decision follows a regular review by the Board of Directors, underscoring the company's commitment to returning value to its shareholders.

Rockwell Automation is expanding its collaboration with NVIDIA to further develop intelligent automation and mobile robotics in manufacturing logistics. This partnership aims to enhance autonomous mobile robots (AMRs) using NVIDIA's AI technologies. OTTO Motors, a division of Rockwell, will leverage NVIDIA's Isaac robotics platform to improve efficiency and performance in industrial settings. Additionally, Rockwell is integrating NVIDIA Omniverse Cloud APIs with its Emulate3D software to facilitate data interoperability, live collaboration, and advanced graphics for digital twins of production systems. According to Rockwell's 'State of Smart Manufacturing Report,' 83% of manufacturers plan to use AI in 2024, highlighting the significance of this collaboration for future industrial advancements.

Rockwell Automation will be participating in the Wells Fargo Industrials Conference on June 11, 2024, in Chicago. Senior VP Tessa Myers and VP Aijana Zellner will represent the company. The event includes a webcast fireside chat starting at 11:00 a.m. CDT, accessible via Rockwell Automation's Investor Relations website.