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) has opened registration for Automation Fair 2024, set to take place from November 18-21 at the Anaheim Convention Center in California. This premier industrial automation and digital transformation event will feature four full days of innovations, learning opportunities, and networking.
Highlights include daily keynotes, an expansive expo with over 120 interactive exhibits, 450+ hours of advanced training, 400+ domain expert presenters, and 275+ educational sessions. The event also offers hands-on labs, product demonstrations, and off-site tours to local cutting-edge industrial facilities.
Automation Fair 2024 aims to inspire and empower attendees to overcome production challenges, enhance resilience, agility, and sustainability in their industries.
Rockwell Automation (NYSE:ROK) has appointed Emmanuel Guilhamon as the new Vice President of Sustainability, effective July 1. In this role, Guilhamon will lead the company's global sustainability strategy, focusing on three key outcomes: sustainable customers, a sustainable company, and sustainable communities.
Guilhamon will head the corporate sustainability team, providing thought leadership and collaborating with internal and external partners to deliver on Rockwell's Environmental, Social, and Governance (ESG) commitments. He will also facilitate the development of solutions to help manufacturers achieve their sustainability goals.
Becky House, Senior Vice President and Chief People and Legal Officer, praised Guilhamon's contributions to the business, highlighting his knowledge of customers and technology, as well as his passion for the role of industrial automation and digital transformation in driving sustainability.
Rockwell Automation (NYSE:ROK) collaborated with Cimento Itambé to implement model predictive control (MPC) technology in cement production, addressing challenges in kiln control and management. The project, completed in two phases, yielded significant results:
Phase 1 (Kilns, 2022):
- 5% increase in productivity
- 2% reduction in energy use per kiln
- More stable temperatures
Phase 2 (Grinding Operations, 2023):
- 5% reduction in energy usage
- 5-10% increase in productivity
- Fewer disruptions in feeding and high vibration-related stops
The implementation of MPC technology has enabled Cimento Itambé to standardize operational processes, improve equipment availability, and reduce energy consumption in cement manufacturing.
Rockwell Automation (NYSE: ROK) reported Q3 2024 results with sales down 8.4% year-over-year to $2,051 million. Organic sales decreased 8.4%, while total ARR grew 17%. Diluted EPS fell 41.4% to $2.02, including a $0.46 restructuring charge. Adjusted EPS decreased 10% to $2.71. The company updated its fiscal 2024 guidance, now expecting:
- Reported sales growth of ~(8.5%)
- Organic sales growth of ~(10%)
- Diluted EPS of ~$8.32
- Adjusted EPS of ~$9.60
The reduced outlook reflects project delays due to weaker consumer demand, high interest rates, and policy uncertainty. Despite challenges, Rockwell sees progress in inventory de-stocking and expects continued sequential order growth in Q4 and into the next fiscal year.
Genpact (NYSE: G) has appointed Nicholas "Nick" Gangestad to its Board of Directors, effective August 12th, 2024. Gangestad, currently the Senior Vice President and Chief Financial Officer at Rockwell Automation, will serve on Genpact's Board's Audit Committee. With over 30 years of finance and business expertise, Gangestad brings valuable insights to Genpact's board, particularly in finance and financial operations. Prior to his role at Rockwell Automation, he served as the Chief Financial Officer at 3M. Genpact's Chairman, Jim Madden, and President and CEO, Balkrishan "BK" Kalra, expressed enthusiasm about Gangestad's appointment, highlighting his expertise in finance and its potential to enhance the company's capabilities in serving clients.
Rockwell Automation (NYSE:ROK) is collaborating with Italian drilling-rig specialist Drillmec to enhance efficiency and reduce emissions in carbon capture, usage, and storage (CCUS) facilities. Drillmec's innovative storage technologies, powered by Rockwell's PowerFlex® AC drives, enable more precise and targeted drilling for CCUS entry points. This collaboration aims to make the creation of new CCUS facilities faster, easier, safer, and more cost-effective.
The partnership focuses on optimizing drilling workflows to minimize emissions and maximize efficiency. Drillmec's vice president of marketing, Mohamed Housny, emphasized the importance of Rockwell's technology and expertise in achieving the required intelligence, precision, and control for their new drilling technology. This initiative supports Drillmec's goal of developing solutions that leverage their drilling and rig expertise to reduce emissions and meet environmental objectives.
Rockwell Automation (NYSE: ROK) has announced it will report its third quarter fiscal 2024 results on Wednesday, Aug. 7, before the market opens. The company will host a conference call at 7:30 a.m. CDT on the same day to discuss the quarterly results. The call will be audio webcast and accessible on Rockwell's Investor Relations website, along with presentation materials. Interested parties can dial in using specific numbers for U.S./Canada and other countries. A replay of the call and presentation materials will be available on the website through Sept. 6.
Rockwell Automation (NYSE:ROK), the world's largest industrial automation and digital transformation company, has announced Christian Rothe as its new senior vice president and chief financial officer, effective August 19. Rothe brings extensive experience from his 13-year tenure at Graco Inc., where he served as CFO and treasurer before leading global business divisions. He replaces Nick Gangestad, who is retiring after joining Rockwell in 2021.
CEO Blake Moret expressed confidence in Rothe's ability to accelerate the company's growth and margin expansion plans. Rothe, excited about joining Rockwell, highlighted the company's role in shaping the future of industrial operations worldwide. He will be based at Rockwell's global headquarters in Milwaukee, WI.
Rockwell Automation (NYSE: ROK) announced the success of its model predictive control solution in aiding Compagnie des Ciments Belges SA (CCB), part of Cementir Holding, in its sustainability efforts. This solution forms a key part of CCB’s 10-year roadmap to cut CO2 emissions by 2030. The program includes fossil fuel replacement, low-carbon cement development, and digitalization of manufacturing and maintenance processes. Over two months, the solution reduced energy consumption by 6% and boosted production rates by 8.5%, both exceeding targets.
On June 25, 2024, French renewable energy startup Sweetch Energy announced a partnership with Rockwell Automation (NYSE:ROK) to scale its innovative osmotic power generation technology. This zero-carbon technology, based on the natural salinity difference between freshwater and seawater, will be optimized using Rockwell's process control and visualization platform. The first demonstrator plant will be established at Barcarin lock in Port-Saint-Louis-du-Rhône, France.
Sweetch Energy plans to deploy multiple osmotic stations at the Rhône's mouth, aiming for up to 500 MW of carbon-free electricity, sufficient to power over 1.5 million people. This approach leverages environmentally friendly bio-sourced materials and produces no chemical waste, making it a sustainable and continuous energy source.
Rockwell's global expertise in process control and sustainability will assist in automating and optimizing these scalable, modular installations, supporting Sweetch Energy's international rollout of this innovative technology.