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Baldor To Acquire Rockwell's Power Systems Seqment for $1.8B
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April 27, 2007

Rockwell Sales Flat in U.S.

Rockwell Automation, Inc., Milwaukee, WI, reported fiscal 2007 second quarter net income of $729.3 million, including a gain from the sale of its Power Systems segment. Profit in the second quarter excluding this was $142.3 million.
 
Sales in the quarter, which exclude Power Systems, were $1,206.5 million, up 8%. Sales in the U.S. were flat compared to the second quarter of 2006. International sales increased 13%, excluding the effect of currency translation, with continued strength in Europe and Latin America, and weaker results in Asia Pacific and Canada.
 
From an end market perspective, sales into resource-based end markets continued to pace growth, and sales into consumer-facing industries grew at about the company average. Sales to the global automotive industry were down due to continued weakness in our important Detroit customer base.
 
Rockwell expects stronger revenue growth due to continued strength in Europe and Latin America, augmented by an expected recovery in U.S. demand and modest improvement in Asia.

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