Higher organic sales propel Rockwell earnings

Milwaukee-based Rockwell Automation, Inc. today reported fiscal second quarter net income of $180.3 million, or $1.28 per share, up from $175.9 million, or $1.24 per share, in the second quarter of 2013.

Revenue was $1.6 billion, up 5 percent from $1.5 billion in the same period a year ago.

The industrial automation firm reported its architecture & software segment saw a 7 percent sales increase and control products & solutions experienced a 3 percent sales bump.

“Sales were strong in the quarter with 7 percent organic growth,” said Keith Nosbusch, chairman and chief executive officer. “I was particularly pleased to see growth in all regions for the first time in over a year. Adjusted earnings per share in the first half of the fiscal year grew a healthy 10 percent in spite of a significant headwind from a higher tax rate.”

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