Overview
- Shares set an all-time intraday high of $450.04 after Tuesday’s earnings beat and guidance increase.
- Adjusted EPS came in at $3.30 versus $2.88 expected, and revenue reached $2.24 billion versus $2.16 billion expected.
- The company raised full-year adjusted EPS to $12.50–$13.10 and lifted its sales outlook to $9.345–$9.701 billion.
- Intelligent Devices sales were $1.0 billion up 13% with a 20.9% margin, Software & Control was $684 million up 20% with a 34.9% margin, and Lifecycle Services was $547 million up 2% with a 14.6% margin.
- Rockwell bought back $454 million of stock, generated $320 million in operating cash flow and $275 million in free cash flow, and finished exiting the Sensia venture in April with those operations removed from second-half forecasts.