Rockwell Automation Reports Lower Sales and Profit for Q2 2024

Tuesday, 7 May 2024, 12:52

Rockwell Automation reported a decline in sales and profit for the second quarter of 2024. Sales decreased by 6.6% year-over-year to $2.13 billion, with organic sales down 8.1%. Net income also declined from $300 million to $266 million, and the company anticipates further sales decline and reduced earnings for the full year 2024.
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Rockwell Automation Reports Lower Sales and Profit for Q2 2024

Rockwell Automation Q2 2024 Update:

Rockwell Automation, Inc. (NYSE: ROK), a global leader in industrial automation and digital transformation, reported lower sales and profit in the second quarter of 2024. The company faced challenges with decreased sales and profit margins compared to the same period last year.

Earnings Highlights:

  • Sales Decline: Sales decreased 6.6% year-over-year to $2.13 billion, with organic sales down 8.1%.
  • Profit Decrease: Q2 net income declined to $266 million, down from $300 million in the year-ago quarter.
  • Outlook: Rockwell Automation expects full-year 2024 sales to decline between 6.0% to 4.0%, with organic sales also anticipated to drop by 8.0% to 6.0%.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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