Rockwell Automation Reports Fourth Quarter, Full Year 2020 Results

Rockwell Automation Reports Fourth Quarter and Full Year 2020 Results; Introduces Fiscal 2021 Guidance

Fourth quarter reported sales down 9.3 percent year-over-year; organic sales down 12.1 percent year-over-year

Fourth quarter reported sales up 12.6 percent sequentially; organic sales up 9.9 percent sequentially

Fourth quarter diluted EPS of $2.25; Adjusted EPS of $1.87

Full year fiscal 2020 diluted EPS of $8.77; Adjusted EPS of $7.68

Full year fiscal 2020 Cash Flow from Operations of $1,120.5 million; Free Cash Flow conversion of 112%

Redefining Adjusted Income and Adjusted EPS in fiscal 2021; fiscal 2020 Adjusted EPS in the new definition was $7.87

Introduces fiscal 2021 EPS guidance: Diluted EPS $8.07 – $8.47; Adjusted EPS $8.45 – $8.85 (new definition)

MILWAUKEE, WI (STL.News) Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2020 fourth quarter and full year results.

“Rockwell’s performance in the quarter and fiscal year demonstrates the increasing resiliency of our business model and the dedication of our employees under extraordinarily trying circumstances. Double-digit sequential orders growth reflects gradually improving business conditions and the expanding value we are providing to customers across diverse industries,” said Blake Moret, Chairman and CEO. “Flat operating margin in the quarter and strong free cash flow, despite lower year-over-year sales, are a testament to our ability to manage costs while continuing to make strategic investments.”

NOTE: this is NOT the complete release.

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