Rockwell Automat Stock Price, News & Analysis

Rockwell Automation (NYSE: ROK) reported its first quarter fiscal 2021 results, revealing sales of $1,565.3 million, down 7.1% from last year. However, net income surged to $593.3 million or $5.06 per share, largely due to fair-value adjustments related to its investment in PTC.

Organic sales fell 9.7%. The company anticipates sales growth between 8.5% and 11.5% and adjusted EPS between $8.70 and $9.10 for fiscal 2021, driven by strong demand for Intelligent Devices and a favorable legal settlement.

Rockwell Automation (NYSE: ROK) has appointed Scott Genereux as senior vice president and chief revenue officer and Brian Shepherd as senior vice president of Software and Control, effective February 1. Genereux will oversee global revenue performance, focusing on increasing software sales and annual recurring revenue. Shepherd will lead the newly formed Software and Control segment, enhancing Rockwell's software and hardware capabilities. Both executives bring extensive industry experience, expected to drive strategic growth and enhance customer relationships in digital transformation.

Rockwell Automation (NYSE: ROK) has successfully acquired Fiix Inc., a Toronto-based AI-enabled CMMS company. This acquisition enhances Rockwell's software strategy and Lifecycle Services business by integrating Fiix’s cloud-native software, which optimizes equipment maintenance and drives data-driven decisions. The acquisition reflects Rockwell's commitment to sustainability by improving operational efficiency and reducing waste. Fiix will be included in Rockwell's Software & Control segment, further reinforcing its position in industrial automation.

Rockwell Automation, Inc. (NYSE: ROK) is set to announce its first quarter fiscal 2021 results on January 26, before the market opens. Investors can find the release on the company's Investor Relations website. Following the results, a conference call will commence at 8:30 a.m. EST, accessible via audio webcast. Additionally, presentation materials will be available in advance. Interested participants can join the call using specific dial-in numbers and a passcode. Both the presentation and a replay of the call will be accessible until February 26, 2021.

Rockwell Automation (NYSE: ROK) has announced enhancements to its Original Equipment Manufacturer (OEM) Partner Program, which now includes almost 3,300 manufacturers globally. The program aims to improve market access, simplify product alignment, and encourage OEMs to leverage Rockwell's technology. Significant updates include enhanced co-marketing opportunities, increased technical support, and better supply chain alignment. The program is currently open for enrollment across various regions, including North America, Asia, and Europe, with plans for Latin America in early 2021.

Rockwell Automation (NYSE: ROK) has launched new industrial PCs and software designed to enhance the reliability and security of visualization applications. The Allen-Bradley VersaView 6300 PCs and ThinManager software aim to reduce maintenance costs and the risks associated with unauthorized access. These solutions minimize points of failure, extend hardware lifespan, and support centralized cybersecurity measures. Additionally, customers benefit from simplified support and flexible licensing when using both hardware and software from Rockwell.

Rockwell Automation has boosted its cybersecurity capabilities by receiving certifications for the IEC 62443-3-3 and ISO 27001 standards. These certifications confirm their competence in implementing secure production systems and protecting customers' data integrity. Rockwell also launched new products featuring CIP Security to enhance secure communications across industrial control systems. Additionally, the CIP Security Proxy device has been introduced to safeguard devices lacking this technology. These advancements aim to help companies navigate digital transformation while maintaining operational security.