The company said sales for the 3 months ended December 31, 2023 rose 3.6% from a year earlier, and organic sales rose 1.0%. It said pricing added about 3 percentage points to total sales, while volume reduced it by about 2 percentage points.

10-QQuarterly reportFiled Jan 31, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said sales for the 3 months ended December 31, 2023 rose 3.6% from a year earlier, and organic sales rose 1.0%. It said pricing added about 3 percentage points to total sales, while volume reduced it by about 2 percentage points.
The company said Net income attributable to Rockwell Automation for the first quarter of fiscal 2024 was $215.2 million ($1.86 per share), down from $384.0 million ($3.31 per share) in the first quarter of fiscal 2023. It said adjusted EPS was $2.04, down 17.1% from $2.46 a year earlier.
The company said total segment operating margin was 17.3%, compared with 20.2% a year earlier, and total segment operating earnings fell 11.3%. It cited higher investment spend and lower supply chain utilization as the factors.
The company said cash provided by operating activities was a net outflow of $32.6 million and free cash flow was a net outflow of $35.3 million for the 3 months ended December 31, 2023. In the prior-year period, they were net inflows of $66.3 million and $42.1 million, respectively.

Key figures

Quarter ended December 31, 2023

Revenue: $2.1B
Net income: $215M
EPS: $1.86
Gross profit: $795M
Operating cash flow: $33M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Sales and organic sales growth

The company said sales for the 3 months ended December 31, 2023 rose 3.6% from a year earlier, and organic sales rose 1.0%. It said pricing added about 3 percentage points to total sales, while volume reduced it by about 2 percentage points.

Source · Based on the MD&A text of the filing

Net income and adjusted EPS

The company said Net income attributable to Rockwell Automation for the first quarter of fiscal 2024 was $215.2 million ($1.86 per share), down from $384.0 million ($3.31 per share) in the first quarter of fiscal 2023. It said adjusted EPS was $2.04, down 17.1% from $2.46 a year earlier.

Source · Based on the MD&A text of the filing

Segment operating margin

The company said total segment operating margin was 17.3%, compared with 20.2% a year earlier, and total segment operating earnings fell 11.3%. It cited higher investment spend and lower supply chain utilization as the factors.

Source · Based on the MD&A text of the filing

Operating cash flow and free cash flow

The company said cash provided by operating activities was a net outflow of $32.6 million and free cash flow was a net outflow of $35.3 million for the 3 months ended December 31, 2023. In the prior-year period, they were net inflows of $66.3 million and $42.1 million, respectively.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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