Rockwell reports record 2014 sales

Milwaukee-based Rockwell Automation Inc. today reported fiscal 2014 fourth quarter net income of $248.7 million, or $1.79 per share, up from $215.3 million, or $1.53 per share, in the fourth quarter of 2013.

Revenue was $1.8 billion, up from $1.7 million in the same period a year ago.

“Results in the quarter were about as we expected with strong earnings on solid sales growth,” said Keith Nosbusch, chairman and chief executive officer. “Adjusted EPS grew an impressive 15 percent on 4.4 percent organic sales growth.”

For the full year, the global industrial automation firm reported net income of $826.8 million, or $5.91 per share, up from $756.3 million, or $5.36 per share, in 2013.

Revenue was $6.6 billion, up from $6.3 billion in 2013.

The architecture and software segment sales increased 6.1 percent over last year, while the control products and solutions segment reported a 3 percent increase year-over-year.

“For the full year we again achieved record sales and earnings per share,” Nosbusch said. “The U.S. led our sales performance with 7 percent organic growth, while segment operating margin increased almost a point for the second year in a row.”

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