Rockwell Automation sales up 6.5 percent
Rockwell Automation reported fiscal 2018 first quarter sales of $1.6 billion, up 6.5 percent from $1.5 billion in the first quarter of fiscal 2017.
Organic sales grew 5.3 percent. Currency translation increased sales by 2.5 percentage points, and the prior year divestiture reduced sales by 1.3 percentage points.
Fiscal 2018 first quarter net loss was $236.4 million or $1.84 per share, compared to net income of $214.7 million or $1.65 per share in the first quarter of fiscal 2017.
“We had a good start to the fiscal year, with more than five percent organic sales growth in the first quarter. Growth continued to be broad-based across geographies. Heavy industry verticals performed well, supported by recovery in oil and gas. I am very pleased with our twelve percent Adjusted EPS growth in the quarter," said Blake D. Moret, chairman and chief executive officer.
Architecture & Software quarterly sales were $746.9 million, an increase of 7.3 percent compared to $696.4 million in the same period last year.
Control Products & Solutions quarterly sales were $839.7 million, an increase of 5.8 percent compared to $793.9 million in the same period last year.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
