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
MTD Products Inc. is recalling 1,774 units of walk-behind self-propelled lawn mowers for potential risk of fire hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the lawn mower can leak fuel when it is stored in the upright (vertical) storage position to pose a fire hazard. Nike Inc. announced its plans to exit the Russian market completely following Russia's ongoing war against Ukraine, reports said. The sportswear major, with more than 100 stores in the country, had suspended operations there in March. Earlier in March, while suspending operations temporarily, the company had said its customers that it couldn't guarantee product shipments. The U.S. Food and Drug Administration unveiled its action plan to advance drug development for rare neurodegenerative diseases, including Amyotrophic Lateral Sclerosis or ALS, in five years. The FDA plans specific actions such as regulatory science initiatives, enhancements to existing programs and new policy initiatives for the purpose. It will use public-private partnerships...
Follow RTT