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Rockwell Automation, Inc. (NYSE: ROK) delivers industrial automation solutions powering global manufacturing sector. Track all official company announcements and market-moving developments through this comprehensive news hub.
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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.
