Rockwell Automation, Inc., Milwaukee, WI, reported full year 2007 sales of $5 billion, up 10% from 2006. Foreign currency translation added 3 percentage points and acquisitions added 1 percentage point to the growth rate.
Profit was $1.48 billion, which includes an after-tax gain of $868.2 million related to the Power Systems divestiture. Excluding this and other one-time charges, profit was $597 million for the year.
Sales in the fourth quarter 2007 were $1.37 billion, up 15% from the prior-year period. Organic growth was 8%. Profit was $165.2 million, slightly down from the same period a year ago.
Control Products & Solutions fourth quarter sales were $801 million, an increase of 20 percent compared to sales of $667.4 million in the fourth quarter of 2006. Foreign currency translation and acquisitions added 9 percentage points to the growth rate. Segment operating earnings were $129.9 million compared to $101.2 million in the fourth quarter of 2006.