Rockwell Automation, Inc. (NYSE:ROK) stock fell after the company reported first-quarter results.
Details
The company posted adjusted EPS of $2.75, up 49% year over year (Y/Y), beating the consensus estimate of $2.46. GAAP diluted EPS was $2.69, up from $1.61 a year ago quarter, aided by increased pre-tax margin and a lower effective tax rate.
Total sales were $2.105 billion, up 12% Y/Y, exceeding the $2.078 billion estimate. Organic sales rose 10% Y/Y, and currency translation increased sales by 2% Y/Y.
Annual recurring revenue (ARR) grew 7% Y/Y in the quarter.
Income before income taxes was $342 million, up from $213 million in the prior year, and pre-tax margin expanded to 16.2% from 11.3% a year ago quarter.
Total segment operating margin was 20.7% compared to 17.1% a year ago.
This is led by increased sales volume, positive price/cost, inclusive of productivity, and a favorable mix.
Segment Performance
Intelligent Devices segment sales were $953 million, up 18% Y/Y. Segment operating margin increased to 17.3% from 14.9% …