Welcome to our dedicated page for Rockwell Automat news (Ticker: ROK), a resource for investors and traders seeking the latest updates and insights on Rockwell Automat stock.
Rockwell Automation, Inc. (NYSE: ROK) generates a steady flow of news related to industrial automation, digital transformation, and manufacturing technology. As a global company headquartered in Milwaukee, Wisconsin and focused on automation and digital solutions, Rockwell Automation issues updates that cover product launches, technology collaborations, manufacturing investments, financial results and corporate governance developments.
News about Rockwell Automation often highlights new hardware, software and services introduced to support industrial customers. Recent announcements have included FactoryTalk Design Workbench software for micro control systems, edge‑based generative AI capabilities integrated with NVIDIA Nemotron Nano for FactoryTalk Design Studio and other workflows, and the SecureOT solution suite aimed at strengthening cybersecurity resilience in operations technology environments. The company also uses its Automation Fair event to unveil new controllers, networking equipment, industrial PCs, panel PCs, edge gateways, analytics software and managed services.
Investors and industry observers following ROK news will also see updates on strategic investments and manufacturing capacity. Rockwell Automation has announced plans for a new greenfield manufacturing site in Southeastern Wisconsin, described as a potential largest manufacturing campus for the company, as well as milestones such as the first OTTO autonomous mobile robots rolling off the production line at its Milwaukee headquarters. These developments illustrate how the company is expanding its production footprint and applying its own technologies in its facilities.
Financial and corporate news items include quarterly and full‑year results, guidance for upcoming fiscal years, changes to credit facilities, dividend declarations and share repurchase activity. Rockwell Automation also reports on governance matters through filings and related communications. For readers interested in industrial technology, cybersecurity, AI at the edge and manufacturing trends, the ROK news page provides a centralized view of the company’s announcements and disclosures over time.
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.
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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