Key Developments: Rockwell Automation Inc (ROK)
87.41USD
24 May 2013
$-0.44 (-0.50%)
$87.85
$87.41
$87.72
$86.65
624,496
979,654
$91.99
$61.20
Latest Key Developments (Source: Significant Developments)
Rockwell Automation Inc Comments On FY 2014 Revenue Guidance-Conference Call
Rockwell Automation Inc announced that for fiscal 2014, it expects to generate revenue growth of 6% to 8%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $6.707 billion for fiscal 2014. Full Article
Rockwell Automation Inc Lowers FY 2013 Revenue Guidance; Narrows FY 2013 EPS Guidance
Rockwell Automation Inc announced that for fiscal 2013, it lowered sales guidance to a range of $6.25 to $6.45 billion. The Company is maintaining the mid-point of fiscal 2013 adjusted earnings per share (EPS) guidance and narrowing the range to $5.40 to $5.70. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $6.53 billion and EPS of $5.54 for fiscal 2013. Full Article
Rockwell Automation Inc Increases Common Stock Dividend 11 % To $2.08 Annually
Rockwell Automation Inc announced that it has declared a quarterly dividend of 52 cents per share on its common stock, payable on June 10, 2013 to shareowners of record at the close of business on May 13, 2013. Full Article
Rockwell Automation Inc Declares Quarterly Dividend On Common Stock
Rockwell Automation Inc announced that it has declared a quarterly dividend of 47 cents per share on its common stock, payable on March 11, 2013 to shareowners of record at the close of business on Feb. 19, 2013. Full Article
Rockwell Automation Inc Reaffirms FY 2013 Guidance
Rockwell Automation Inc reaffirmed fiscal 2013 guidance and expects sales to be in the range of $6.35 to $6.65 billion, with corresponding adjusted earnings per share (EPS) in the range of $5.35 to $5.75. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $6.4 billion and EPS of $5.57 for fiscal 2013. Full Article
Rockwell Automation Inc Receives $21.7 Million Contract From U.S. Navy For Control Systems And Engineering Support Services
Rockwell Automation Inc announced that the U.S. Navy has awarded the company a $21.7 million contract for programmable automation controllers, variable frequency drives, software, and engineering support services to operate machinery control systems onboard U.S. Navy and Coast Guard surface ships. The award enables the Navy and other Department of Defense agencies to acquire engineered systems and services from Rockwell Automation vital to daily and strategic shipboard operations, domestically and globally. Full Article
Rockwell Automation Inc Issues FY 2013 Guidance In Line With Analysts' Estimates; Comments On H2 2013 Revenue Guidance
Rockwell Automation Inc announced that for fiscal 2013, it expects sales of $6.35 to $6.65 billion, which represents organic growth of 1% to 5%. Based on this sales outlook, the Company is initiating fiscal 2013 Adjusted EPS guidance of $5.35 to $5.75. The sluggish global economy and a weaker solutions backlog are headwinds as enter fiscal 2013. While it do expects sales to increase next year, the growth will likely be more weighted to the second half of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $6.47 billion and EPS of $5.46 for fiscal 2013. Full Article
Rockwell Automation Inc Declares Quarterly Dividend On Common Stock
Rockwell Automation Inc announced that it has declared a quarterly dividend of 47 cents per share on its common stock, payable on December 10, 2012 to shareowners of record at the close of business on November 13, 2012. Full Article
Rockwell Automation Inc To Acquire Medium Voltage Drives Business Of Harbin Jiuzhou Electric Co., Ltd.
Rockwell Automation, Inc. announced it has agreed to purchase the assets of the medium voltage drives business of Harbin Jiuzhou Electric Co., Ltd. The purchase price is RMB 530 million (approximately $83 million U.S. dollars). Closing is expected in October. The acquisition strengthens Rockwell Automation’s presence in the Asia-Pacific motor control market by adding significant capabilities in design, engineering and manufacturing of medium voltage drive products. It also provides access to grid-tie inverter technology. Jiuzhou has successfully served as Rockwell Automation’s contract manufacturer for seven years, in addition to its own well-established customer base. Full Article
Rockwell Automation Inc Secures Contract From Lauren-Jyoti
Lauren-Jyoti, a joint venture between Lauren Engineers & Constructors, a U.S. engineering, procurement and construction company, and Jyoti Power Structures, an Indian counterpart, has awarded a $1.9 million order to Rockwell Automation and Global Solutions team. Rockwell Automation Inc will provide a PlantPAx-based power plant distributed control system (DCS) solution with solar field local controller panels for Godawari Green Energy in Rajasthan, India and deliver a solution that creates an opportunity to set industry standards in solar power. Lauren-Jyoti received the contract to construct a 50-megawatt concentrated green field solar power plant for Godawari Green Energy in Rajasthan, India. The plant will be one of the first utility-scale solar thermal power plants commissioned in India, resulting in part by The Jawaharlal Nehru National Solar Mission, an initiative by the Indian government to incentivize companies to increase solar power in India to 20,000 megawatts by 2020. Full Article
Rockwell Automation profit rises 5 percent
April 24 - Rockwell Automation Inc reported a 5 percent increase in quarterly profit, as a rise in operating margins more than offset a drop in sales.
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