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Rockwell Automation, Inc. (NYSE: ROK) delivers industrial automation solutions powering global manufacturing sector. Track all official company announcements and market-moving developments through this comprehensive news hub.
Access timely updates on earnings reports, product launches, strategic partnerships, and operational milestones. Investors and professionals gain critical insights into ROK's intelligent devices, control systems, and digital transformation initiatives shaping modern industrial processes.
Discover coverage spanning financial performance, sustainability efforts, cybersecurity enhancements, and technology collaborations. Our curated news collection simplifies monitoring ROK's position in process automation, energy optimization, and smart manufacturing trends.
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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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