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, Inc. (NYSE: ROK) has appointed Robert (Bob) Buttermore as senior vice president and Chief Supply Chain Officer, effective February 13. Buttermore will lead the Integrated Supply Chain (ISC) organization, overseeing Manufacturing Operations, Logistics, and Customer Care. He succeeds Brad Skogman, who served as interim head since June 2022. Buttermore has a notable career at Rockwell, joining in 1997 and holding various leadership roles, including vice president of the Power Control Business. The transition aims for continuity in the supply chain operations during dynamic industry conditions.
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Rockwell Automation (NYSE: ROK) reported Q1 FY2023 sales of $1,981 million, up 6.7% year over year, with organic sales increasing by 9.9%. Net income rose to $384 million ($3.31 per share), a significant increase from $242 million ($2.05 per share) in Q1 FY2022. Adjusted EPS was $2.46, reflecting a 15% growth. The company updated its FY2023 sales growth guidance to 10.0% - 14.0% and diluted EPS guidance to $10.99 - $11.79. Operating cash flow was $66.3 million, a notable recovery from the previous year's negative cash flow. The positive outlook is supported by strong customer demand and improved supply chain conditions.
Rockwell Automation (NYSE: ROK) is set to announce its first quarter fiscal 2023 results on January 26, before the market opens. The earnings report will be available on the company's Investor Relations website. Following the release, a conference call is scheduled for 7:30 a.m. CST to discuss the results, accessible by phone and via audio webcast. The materials and a replay of the call will be available on the website until February 26. Rockwell Automation is a leader in industrial automation, employing approximately 26,000 people globally.
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Zoovu announces the appointment of James Novak as CEO, bringing over two decades of experience in enterprise SaaS. Previously CEO of Fiix, Novak led its revenue growth by over 1,000% before its acquisition by Rockwell Automation (NYSE: ROK). His leadership will help Zoovu strengthen its AI-driven Discovery Experience Platform, targeting rapid growth within the exploding digital commerce market, projected to reach $17 trillion by 2030. With established operations in North America and EMEA, Zoovu continues to enhance its platform, serving over 250 enterprise customers.
Rockwell Automation (NYSE: ROK) has been selected by Ford Motor Company to be the primary controls and solutions provider for three new electric vehicle assembly sites. This collaboration aims to enhance production speed and meet increasing customer demands. The partnership, strengthening a 75-year relationship, focuses on aligning assembly tooling with industry standards. Rockwell's solutions will be implemented at Ford's facilities in Oakville, Ontario; Blue Oval City, Tennessee; and Avon Lake, Ohio. This initiative supports Ford's transition to electric vehicles.
ZEDEDA has entered a significant supply agreement with Rockwell Automation (NYSE:ROK) to enhance edge computing capabilities for manufacturers. This partnership allows Rockwell Automation to integrate ZEDEDA's technology into its edge management offerings, facilitating better management of edge devices and applications. The demand for edge technologies is on the rise, with a projected 76% investment increase in the sector this year. ZEDEDA's orchestration solution has gained traction with Global 500 companies and has recently secured $26 million in Series B funding, including investments from Rockwell Automation.
Rockwell Automation reported strong fiscal 2022 results, with total orders surpassing $10 billion, marking a 20% year-over-year increase. Q4 sales rose 17.6% to $2.126 billion, driven by a 20.5% organic sales boost. Diluted EPS for Q4 reached $2.91, a 300% increase year-over-year, while full-year diluted EPS was $7.97. The company expects fiscal 2023 sales growth between 7.5% and 11.5%, with diluted EPS guidance set at $9.54 to $10.34. Despite supply chain challenges, Rockwell is optimistic about its backlog and operational resilience.
Rockwell Automation (NYSE: ROK) has successfully acquired CUBIC, a provider of modular systems for electrical panels, enhancing its intelligent motor control capabilities. Founded in 1973, CUBIC operates in sectors like renewable energy and data centers from its base in Denmark. This acquisition allows Rockwell to leverage CUBIC’s advanced modular systems alongside its technology, aiming for faster market delivery and broader applications. It also facilitates market expansion into Asia, Europe, and Latin America.