Rockwell Automation Reports Decline in Q3 2024 Earnings and Sales
Wednesday, 7 August 2024, 14:14
Rockwell Automation's Q3 2024 Performance
Rockwell Automation, Inc. (NYSE: ROK), a global leader in industrial automation and digital transformation, reported a decline in sales and profit for the third quarter of 2024.
Sales Details
Third quarter sales amounted to $2.05 billion, a drop of 8.4% from $2.24 billion reported in the same quarter of fiscal 2023.
- Organic sales decreased by 8.4% annually.
- Broader industrial sector dynamics affecting results.
Conclusion
This decline represents not just a challenge for Rockwell Automation, but also reflects trends in the industrial sector's responsiveness to economic conditions.
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.