Rockwell Automation Q1 Revenue $2.11B Up 12.2%, EPS Surges 49%
Rockwell Automation reported Q1 net revenue of $2.11 billion, up 12.2% year-over-year, with Intelligent Devices revenue rising 18% and Software & Control up 19%, supporting 7% annual recurring revenue growth. Pre-tax margins expanded by 490 basis points, net income jumped 65%, EPS rose 49%, and full-year adjusted EPS guidance was reaffirmed at $11.80.
1. Strong Q1 Revenue Growth
Rockwell Automation delivered net revenue of $2.11 billion in fiscal Q1, marking a 12.2% year-over-year increase. Organic business grew 10%, FX translation added 1 percentage point, Intelligent Devices revenue climbed 18%, and recurring revenue rose 7%, driven by increased demand for automation solutions.
2. Earnings and Margin Expansion
The company’s pricing actions, volume leverage and mix shift widened pre-tax margins by 490 basis points and segment operating margins by 360 basis points. Net income increased 65%, while adjusted EPS jumped 49%, outpacing consensus estimates by a wide margin.
3. Guidance Reaffirmed and Market Reaction
Full-year adjusted EPS guidance was reaffirmed at a $11.80 midpoint, reflecting over 10% year-over-year growth. Despite the earnings beat, the stock pulled back on the cautious guidance stance but technical signals suggest a potential swift rebound.