Rockwell Automat Stock Price, News & Analysis

Rockwell Automation (NYSE: ROK) has joined CESMII, the Smart Manufacturing Institute, aiming to enhance smart manufacturing across the U.S. manufacturing sector. This partnership focuses on workforce development and sustainability, with Rockwell's VP of Sustainability, Tom O'Reilly, joining CESMII's board. Both organizations aim to reduce carbon footprints and improve efficiency through data-driven sustainability practices. Rockwell emphasizes the need for a skilled workforce capable of adapting to technological advancements in fast-paced modern manufacturing environments.

Rockwell Automation (NYSE: ROK) will have its Chairman and CEO, Blake Moret, present at the Morgan Stanley Laguna Conference on September 14, 2022, in Dana Point, California. The fireside chat is scheduled to begin at approximately 7:35 a.m. PDT and will be webcast live, accessible through the Rockwell Automation Investor Relations website.

As a leader in industrial automation, Rockwell Automation employs around 25,000 professionals across more than 100 countries, focusing on enhancing productivity and sustainability through technology.

Rockwell Automation, Inc. (NYSE: ROK) has announced that registration is open for the Automation Fair 2022 in Chicago from Nov. 14-17. The event expects over 10,000 attendees, focusing on industrial automation and digital transformation. It will feature immersive exhibits, technical training, and discussions on critical industry challenges. Highlights include the Process Solutions User Group on Nov. 14-15, and more than 150 educational sessions during the fair.

Rockwell Automation's subsidiary, Plex Systems, has been selected by ZEVx, Inc. to implement its Manufacturing Execution System (MES). This strategic partnership aims to drive production of electrification solutions, enhancing ZEVx's capacity for data intelligence and battery electric power systems. ZEVx intends to automate manual processes, improve data accuracy, and achieve compliance with IATF and ISO certifications through Plex MES. This collaboration reflects Rockwell's commitment to advancing the e-mobility sector.

Rockwell Automation reported a robust fiscal Q3 2022, with total sales reaching $1,969 million, marking a 6.5% increase year-over-year. Organic sales rose by 7.1%, bolstered by a 2.5% contribution from acquisitions, despite a 3.1% decline due to currency effects. Diluted EPS stood at $2.55, up 10%, while Adjusted EPS rose 15% to $2.66. The company updated its guidance for fiscal 2022, forecasting reported sales growth of 10.5% - 12.5% and diluted EPS between $7.74 and $8.14. Strong order demand and improving supply chain conditions were emphasized.

Rockwell Automation (NYSE: ROK) is set to announce its third quarter fiscal 2022 results on July 27, before the market opens. The results will be available on the company's Investor Relations website. A conference call to discuss these results is scheduled for 7:30 a.m. CDT on the same day, accessible via dial-in or webcast. Interested parties should log in 10 minutes early and use passcode 5499533. A replay and presentation materials will be accessible until August 26.

Plex Systems, a Rockwell Automation company, has launched a modularization approach for its Smart Manufacturing Platform to enhance scalability and accessibility in digital transformation for manufacturers. This innovative, cloud-native platform allows companies to initiate their digital journey through various entry points like quality management (QMS) or manufacturing execution systems (MES), enabling them to add features like production monitoring as needed. This flexible model is designed to address immediate manufacturing challenges while paving the way for future enhancements.

Kalypso, a Rockwell Automation business, has appointed Elaine Cowley as part of their leadership team to enhance their consumer practice in the EMEA region. Cowley brings over 20 years of experience in industrial consulting and sales, having previously worked with IBM Consulting Services and AT&T. Her expertise will be crucial for Kalypso as they aim to navigate significant changes in the consumer industry over the next decade. This strategic hire signals Kalypso's commitment to driving regional growth and delivering innovative solutions to clients.