Rockwell earnings up 6.8%

Milwaukee-based Rockwell Automation Inc. reported third quarter net income of $203.7 million, up 6.8 percent compared to $190.7 million in net income during the third quarter of fiscal 2012. Diluted earnings per share were $1.45, up from $1.33.

The company’s sales for the quarter were up 4 percent to $1.624 billion.

“I am very pleased with 4 percent year-over-year organic growth this quarter and sequential growth in all regions,” said Keith D. Nosbusch, chairman and chief executive officer. “We expected to see an improvement in sales in the second half of our fiscal year, and the third quarter results support that. Our entire organization has done a great job driving productivity in what continues to be a low growth environment. We expect market conditions to remain stable through the fourth quarter. In this low growth environment, we will remain flexible and continue to balance investing in innovation and customer-facing resources with delivering strong shareowner returns.”

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