logo
  

Rockwell Automation Boosts FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Rockwell Automation, Inc. (ROK) raised its adjusted earnings and sales growth guidance for the full-year 2021, based on the performance through the first three quarters of the year, expectation of continued orders strength, and anticipation of continued supply chain constraints.

For fiscal 2021, the company now projects adjusted earnings in a range of $9.10 to $9.30 per share on reported sales growth of about 12 percent and organic sales growth of 8 percent.

Previously, the company expects adjusted earnings in the range of $8.95 to $9.35 per share on reported sales growth of 9 to 12 percent and organic sales growth 5.5 to 8.5 percent.

On average, 24 analysts polled by Thomson Reuters expect the company to earn $9.24 per share on a revenue growth of 10.7 percent to $7.01 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration approved Regeneron Pharmaceuticals, Inc.'s Dupixent (dupilumab) to treat eosinophilic esophagitis or EoE, a chronic immune disorder. It is the first FDA approval to treat EoE in adults and pediatric patients 12 years and older weighing at least 40 kilograms. Food products maker J. M. Smucker Co. has recalled select Jif peanut butter products sold in the United States due to potential Salmonella contamination, the U.S. Food and Drug Administration said. The recall involves various creamy, crunchy, natural, no added sugar, and reduced fat peanut butter, among others with lot codes 1274425 - 2140425. Smithfield Packaged Meats Corp. is recalling around 185,610 pounds of ready-to-eat or RTE bacon topping products citing the possible contamination with extraneous materials, specifically metal, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced.
Follow RTT