Rockwell Automation reports Q2 adj. EPS $2.04, consensus $2.08
Reports Q2 revenue $1.66M, consensus $1.71B. Commenting on the second quarter results, Blake Moret, chairman and CEO, said, "Our results for the quarter reflect profitable growth in all regions, led by strong process industry performance. We saw accelerating growth in Information Solutions and Connected Services, reflecting adoption of the Connected Enterprise. Our growth was tempered by weaker-than-expected automotive sales, which impacted our product sales. Adjusted EPS increased by 8% in the quarter." Moret continued, "Our strategic partnership with PTC is progressing well. We are winning profitable new business across all focus industries and geographies, and some of our engagements are expanding to multi-site rollouts. In addition, in February we announced that we will be forming the Sensia joint venture with Schlumberger, creating the oil and gas industry's first fully integrated automation solutions provider for the digital oilfield. The announcement has been well-received by target customers."