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Rockwell Automation Stock Pops as Profits Top Estimates
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Key Points
- Rockwell Automation shares rose after manufacturers reported better adjustments than expected.
- Sales meet estimates, but profits outperform forecasts because the company says cost-cutting efforts are working.
- CEO Blake Moret said there are still some “macroeconomic and policy uncertainty” that are slowing down customer spending.
Rockwell Automation Stocks (One yearIt jumped Monday morning after hardware and software manufacturers reported adjusted profits better than analysts expected.
Rockwell reported adjusted earnings per share for the first quarter of fiscal 2025 at $1.83, well above analysts’ expectations of $1.58 per share. The company’s sales were $1.88 billion, about $10 million more than the analyst consensus.
“We continue to do cost-reducing and profit expansion projects,” said Rockwell CEO Blake Moret, who believes the company believes it is affecting its spending plans for its customers.
Rockwell lowered its full-year sales forecast and now expects sales to fall by 5.5%, or up as much as 0.5% over the full year, while the previous 4% drop to 2%.
Moret said the company expects sales and profit margins to “gradually improve” throughout the fiscal year as uncertainties such as tariffs proposed by the Trump administration are finally resolved.
Rockwell shares rose about 7% on Monday morning.
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