rockwell automation inc (ROK) Key Developments
Rockwell Automation Names Thomas Donato as President for EMEA Region
May 21 15
Thomas Donato is appointed president of Rockwell Automation’s Europe, Middle East and Africa (EMEA) region. Donato was most recently Rockwell Automation’s regional vice president in Canada. He also served as regional sales director of Rockwell Automation’s Northern and Eastern European region. Previously, he was the business director for the company’s services and solutions business in EMEA. Donato is now responsible for driving growth in this important region. He has 18 years of automation industry experience, including the last 11 years
with Rockwell Automation.
Rockwell Seeks Acquisitions
May 18 15
Rockwell Automation Inc. (NYSE:ROK) is seeking acquisitions. Keith Nosbusch, Chairman and Chief Executive Officer of Rockwell Rockwell said, “Well, a lot of our acquisition interests are outside the US. So the answer would be, yes, we believe there are opportunities to utilize that cash both for acquisitions, as well as ongoing investments as we expand our footprint in some of the emerging markets. So we think we can do that.”
Rockwell Automation Introduces New OptiSIS Solution
May 7 15
Rockwell Automation has introduced its new OptiSIS solution, giving industrial operators a pre-engineered safety instrumented system that can help ease deployment and reduce lead times for small and midsized process applications. The OptiSIS solution is ideal for oil and gas, chemical and petrochemical producers with aging process-safety systems that are either noncompliant or can no longer be maintained. Replacing or upgrading a process-safety system using a custom-engineered approach can be costly and time-consuming. The OptiSIS solution can reduce lead time by more than 30%, faster and more cost-effective safety instrumented system deployments. The OptiSIS solution is designed for safety instrumented system applications of 50 or 100 I/O points, including emergency shutdown (ESD) systems, burner-management systems (BMS) and high-integrity pressure protection systems (HIPPS). The version for applications of up to 100 I/O points will be available in the fourth quarter of 2015.
Rockwell Automation Inc. Presents at Electrical Products Group 2015 Conference, May-18-2015 02:00 PM
May 4 15
Rockwell Automation Inc. Presents at Electrical Products Group 2015 Conference, May-18-2015 02:00 PM. Venue: The Resort at Longboat Key Club, Longboat Key, Florida, United States. Speakers: Keith D. Nosbusch, Chairman, Chief Executive Officer and President.
Rockwell Automation Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015; Provides Earnings Guidance for the Year 2015
Apr 30 15
Rockwell Automation Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company’s sales were $1,550.8 million against $1,600.5 million a year ago. Income before income taxes was $276.5 million against $248.4 million a year ago. Net income was $206.0 million or $1.51 diluted per share against $180.3 million or $1.28 diluted per share a year ago. Cash provided by operating activities was $285.2 million against $202.8 million a year ago. Capital expenditures were $18.0 million against $22.7 million a year ago. Adjusted income was $216.0 million or $1.59 diluted per share against $189.3 million or $1.35 diluted per share a year ago. Income from continuing operations was $206.0 million or $1.51 diluted per share against $180 million or $1.28 diluted per share a year ago.
For the quarter, the company’s sales were $3,125.2 million against $3,192.2 million a year ago. Income before income taxes was $564.0 million against $521.2 million a year ago. Net income was $420.2 million or $3.08 diluted per share against $378.4 million or $2.70 diluted per share a year ago. Cash provided by operating activities was $553.4 million against $406.3 million a year ago. Capital expenditures were $58.0 million against $58.3 million a year ago. Adjusted income was $440.8 million or $3.23 diluted per share against $396.4 million or $2.82 diluted per share a year ago. Income from continuing operations was $420.2 million or $3.08 diluted per share against $378.4 million or $2.70 diluted per share a year ago.
The company expects fiscal 2015 reported sales of about $6.4 billion. It also said that maintains its adjusted EPS guidance range of $6.50 to $6.80. The company expects diluted EPS from continuing operations to be $6.20 - $6.50.