Rockwell Fiscal 1Q Sales Increase - Modern Distribution Management

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Rockwell Fiscal 1Q Sales Increase

The automation company reported $1.857 billion in sales for its fiscal 2022 first quarter, 18.7% above the same period a year prior.
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Industrial automation and digital transformation company Rockwell Automation reported fiscal 2022 first-quarter sales of $1.857 billion, an 18.7% increase over the same quarter in 2021.

Orders were up more than 40% to a quarterly record of $2.5 billion, while acquisitions contributed 2.6% to reported sales growth.

“All three business segments delivered double-digit sales growth and continued exceptional execution in this challenging supply chain environment,” Chairman and CEO Blake Moret said.

First-quarter 2022 net income attributable to Rockwell Automation was $242 million or $2.05 per share, compared to $593 million or $5.06 per share in the first quarter of fiscal 2021, the company said.

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