Rockwell Automation, Inc. (NYSE: ROK), Milwaukee, WI, reported fiscal 2012 first quarter sales of $1.47 billion, up 8 percent from the first quarter of fiscal 2011. Acquisitions contributed 1 percentage point to the increase and currency translation reduced sales by 1 percentage point.
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Profit was $183.3 million.
Total segment operating earnings were $283.8 million in the first quarter of fiscal 2012, up from $222 million in the same period of 2011. Total segment operating margin increased to 19.3 percent from 16.3 percent a year ago primarily due to volume leverage.
Commenting on the results, Keith D. Nosbusch, CEO, said: “We had great earnings growth on good sales growth in the quarter. Segment margins expanded and EPS growth of 22 percent was very strong. Regional sales growth rates varied, particularly in the solutions businesses. Process had a great quarter with 22 percent sales growth. In this macroeconomic environment, I am pleased with the solid start to the fiscal year.”
Control Products & Solutions fiscal 2012 first quarter sales were $823.4 million, an increase of 10 percent. Acquisitions contributed 2 percentage points to the increase and currency translation reduced sales by 1 percentage point. Fiscal 2012 first quarter sales were down 15 percent sequentially from the fourth quarter of fiscal 2011.
Segment operating earnings increased to $97.5 million in the first quarter of fiscal 2012, compared to $68.9 million in 2011. Segment operating margin was 11.8 percent in the first quarter of fiscal 2012, compared to 9.2 percent a year ago.
