The 2020 Mid-Year Economic Update_long

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.
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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.
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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 ...

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.
&nbsp ;
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.
&nbsp ;
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.
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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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