Rockwell Automation Third Quarter 2024 Earnings: EPS Beats Expectations

Rockwell Automation (NYSE:ROK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.05b (down 8.4% from 3Q 2023).
• Net income: US$230.9m (down 42% from 3Q 2023).
• Profit margin: 11% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$2.03 (down from US$3.47 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rockwell Automation EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Rockwell Automation.

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