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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) 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.
Rockwell Automation (ROK), RUC Mining, and Energy Power Systems Australia (EPSA) have introduced a regenerative energy storage solution for mine hoists. These hoists act similarly to industrial elevators, requiring minimal energy to lower but substantial energy to raise. The new system collects and reuses energy as the hoist lowers, then powers the ascent, enabling the hoists to operate solely on stored energy. Over 24 months, the system is expected to save approximately 1,427 kilolitres of diesel, reduce CO2 output by 3.85 tonnes, and cut greenhouse gas emissions by 42%. Additional benefits include lower operating costs, reduced plant operating hours and maintenance, and increased power system redundancy.
Rockwell Automation, Inc. (NYSE: ROK) reported second-quarter fiscal 2024 results with a 6.6% decrease in sales year over year. Diluted EPS was $2.31, and adjusted EPS was $2.50, both down year over year. The company updated its fiscal 2024 guidance for sales and EPS. Total ARR grew 20%, but organic sales were down 8.1% year over year. Nicholas Gangestad, CFO, announced upcoming retirement.
Rockwell Automation has partnered with Mahindra University to develop a 'Climate Solutions' course to equip students with sustainability best practices. The collaboration includes a hands-on climate solutions laboratory and joint research efforts. The goal is to prepare the future workforce with expertise in addressing sustainability challenges.
Rockwell Automation (NYSE: ROK) is expanding its presence in India by opening a new manufacturing facility in Chennai. The 98,000-square-foot facility aims to support supply chain resilience in the Asia Pacific region and globally, leveraging India's fast-growing economy. The facility is set to open in the first half of 2025, creating career opportunities for around 230 workers.
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