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Rockwell Automation, Inc. (NYSE:ROK) shares are trading lower after the company reported fourth-quarter results.
Sales fell 21% year over year (on a reported and organic basis) to $2.036 billion, missing the consensus of $2.065 billion.
Segment Details: Intelligent Devices sales declined 19% to $946 million, Software & Control fell 39% to $502 million, and Lifecycle Services increased 3% to $588 million.
Total ARR grew 16%, and organic ARR rose 14% in the quarter. Adjusted EPS was $2.47, beating the analyst consensus of $2.41.
Total segment operating earnings were $409 million, down 28%, with a segment operating margin of 20.1% compared to 22.3% a year ago. The decrease in segment operating margin was mainly due to lower sales volume and ...
