罗克韦尔自动化公司（Rockwell Automation, Inc., NYSE:ROK）在公布好于预期的第一季度财报后，股价上涨。 销售额同比下降8.4%，有机下滑7.6%，为18.81亿美元，与市场预期一致。 业务板块方面，智能设备销售额下降13.1%至8.06亿美元，软件与控制下降12.4%至5.29亿美元，生命周期服务增长5%至5.46亿美元。 总经常性收入（ARR）增长11%。调整后每股收益为1.83美元，同比下降10%，高于分析师预期的1.59美元。 本季度各业务部门的总运营收益同比下降10%至3.21亿美元。运营利润率略微下降至17.1%（去年同期为17.3%），主要受到销售量减少的影响，但部分被成本压缩和利润率扩展措施所抵消。 运营现金流增至3.64亿美元（去年同期为3,300万美元）。自由现金流达到2.93亿美元，而去年同期为3,500万美元的流出。这主要是由于2025财年第一季度未支付2024财年的激励补偿。 董事长兼首席执行官布莱克·莫雷特（Blake Moret）表示：“从需求的角度来看，我们对本季度订单表现优于预期感到鼓舞，各地区和业务部门实现了环比增长。虽然宏观经济和政策的不确定性仍在影响客户资本支出计划，但罗克韦尔在关键行业中赢得了价值数百万美元的战略订单，尤其是在美国这一主场市场。” “第一季度的利润率和每股收益远超我们本季度的预期，这反映了罗克韦尔重新专注于运营卓越和成本控制所带来的初步成效，”莫雷特补充道。 公司在季度内回购了0.4百万股股票，总计耗资9,900万美元。截至12月31日，现有回购授权剩余资金为12亿美元。 截至2024年12月31日的十二个月内，投资资本回报率为14.5%，低于上一年的18.5%，主要由于税前净利润下降。 2025财年展望更新：罗克韦尔预计调整后每股收益为8.60至9.80美元，略低于市场预估的9.40美元。公司将销售中值预期从此前的约82亿美元下调至约81亿美元，市场预估为82.25亿美元。罗克韦尔更新了2025财年的销售增长范围为同比下降5.5%至增长0.5%，主要由于外汇影响约为负1.5%，并重申有机销售增长范围为同比下降4%至增长2%。 截至周一最后一次检查时，罗克韦尔股价上涨9.36%，至每股293.51美元。

以上内容来自Benzinga Earnings专栏，原文如下：

Rockwell Automation, Inc. (NYSE:ROK) shares surged after the company reported better-than-expected first-quarter results.

Sales fell 8.4% year over year and slid 7.6% organically to $1.881 billion, in line with the consensus of $1.881 billion.

Segment Details: Intelligent Devices sales declined 13.1% to $806 million, Software & Control fell 12.4% to $529 million, and Lifecycle Services rose 5% to $546 million.

Total ARR grew 11%. Adjusted EPS was $1.83 (-10% YoY), above the analyst consensus of $1.59.

Total segment operating earnings for the quarter fell 10% year-over-year to $321 million. Segment operating margin declined slightly to 17.1% from 17.3%, impacted by lower sales volume, though partially offset by cost reductions and margin expansion efforts.

Operating cash flow was $364 million, up from $33 million year over year. Free cash flow reached $293 million, compared to a $35 million outflow last year. The increase was mainly due to no payout of incentive compensation in the first quarter of fiscal 2025 related to fiscal 2024 performance.

“From a demand perspective, we are encouraged by better-than-expected order performance in the quarter with sequential growth across all regions and business segments. While there is still some macroeconomic and policy uncertainty weighing on customers' capex plans, Rockwell won multi-million dollar strategic orders across key industries, especially in the U.S., our home market,” commented Blake Moret, Chairman and CEO.

“Q1 margins and EPS came in well above our expectations this quarter, reflecting some early benefits of Rockwell’s renewed focus on operational excellence and cost discipline,” added Moret.

The company repurchased 0.4 million shares for $99 million during the quarter. As of December 31, $1.2 billion remained under existing repurchase authorizations.

Return on Invested Capital for the twelve months ended December 31, 2024, was 14.5%, down from 18.5% in the prior year, primarily due to lower pre-tax net income.

FY25 Outlook updates: Rockwell continues to expect adjusted EPS of $8.60 – $9.80 versus the $9.40 estimate.

The company lowered sales midpoint expectations to ~$8.1 billion from the prior view of ~$8.2 billion versus the $8.225 billion estimate.

The company updated fiscal 2025 reported sales growth range to (5.5)% – 0.5% due to ~(1.5)% FX impact to sales, reaffirmed organic sales growth range of (4)% – 2%.

Price Action: ROK shares are trading higher by 9.36% at $293.51 at the last check Monday.

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