Rockwell sales climbed by 4.5 percent
Rockwell Automation reported fiscal 2017 first quarter sales of $1.5 billion, up 4.5 percent from $1.42 billion in the first quarter of fiscal 2016.
Organic sales grew 3.8 percent. Currency translation reduced sales by 1.1 percentage points, and acquisitions contributed 1.8 percentage points to sales growth.
Fiscal 2017 first quarter net income was $214.7 million or $1.65 per share, compared to $185.5 million or $1.40 per share in the first quarter of fiscal 2016.
“Four percent organic growth in the quarter is a great start to the fiscal year, better than we expected. We returned to organic growth in our largest market, the U.S., and we saw double-digit growth in emerging markets. I am also pleased with the contribution from recent acquisitions, along with our strong margin performance," said Blake D. Moret, president and chief executive officer.
Architecture & Software quarterly sales were $696.4 million, an increase of 8.3 percent compared to $642.9 million in the same period last year.
Control Products & Solutions quarterly sales were $793.9 million, an increase of 1.3 percent compared to $783.7 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.
