Rockwell Automation Inc.'s stock rose 10% early Monday, after the industrial automation company trounced profit estimates for its fiscal first quarter and backed its full-year guidance.
Milwaukee-based Rockwell $(ROK)$ had per-share earnings of $1.61, down from $1.86 a year ago. Adjusted for one-time items, EPS came to $1.83, well ahead of the $1.58 FactSet consensus.
Sales fell 8.4% to $1.881 billion, just ahead of the $1.879 billion FactSet consensus.
"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," said CEO Blake Moret in prepared remarks.
The stock is down 5.3% in the last 12 months, under pressure from high interest rates, and policy uncertainty around items such as taxes and tariffs, as well as weak consumer demand. The S&P 500 SPX has gained 19.9 in the same period.
(This is a breaking news story. Check back for updates)
-Ciara Linnane
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February 10, 2025 07:18 ET (12:18 GMT)
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