Rockwell Automation reports higher earnings, lowers guidance

Milwaukee-based Rockwell Automation Inc. today reported fiscal 2015 first quarter net income of $214.2 million, or $1.56 per share, up from $198.1 million, or $1.41 per share, in the first quarter of 2014.

Total segment operating earnings were $346.8 million, up 6 percent from $328 million in the same period a year ago.

Revenue was $1.57 billion, down slightly from $1.59 billion in the first quarter of 2014.

“Organic sales growth of 2 percent in the quarter was better than we expected, with particular strength in the Architecture & Software segment and the Latin America region,” said Keith Nosbusch, chairman and chief executive officer. “Although total sales were below last year due to the large currency headwind, Adjusted EPS growth of 12 percent provided a good start to the fiscal year.”

However, Rockwell revised its full-year sales guidance to about $6.6 billion because of headwinds it expects to experience this year.

“While most GDP and industrial production forecasts continue to call for stable growth in 2015, we are incorporating into our revised outlook a more significant headwind from a stronger U.S. dollar and the anticipated impact of lower oil prices,” Nosbusch said.

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