Rockwell Automation, Inc. (ROK - Free Report) reported adjusted earnings per share of $1.55 in second-quarter fiscal 2017 (ended Mar 31, 2017), up 13% from $1.37 earned in the prior-year quarter. Further, earnings outpaced the Zacks Consensus Estimate of $1.40, a positive earnings surprise of 11%. The year-over-year performance was driven by higher sales, and lower effective tax rates, partially offset by higher incentive compensation.
Including one-time items, the company’s earnings came in at $1.45 per share, up 13% from the year-ago quarter figure of $1.28.
Total revenue was $1.55 million in the quarter, up 8% year over year and surpassed the Zacks Consensus Estimate of $1.48 billion. Organic sales rose 6.8%, acquisitions contributed 1.7% while unfavorable foreign currency translations had an impact of 0.6%.
Operational Update
Cost of sales increased 6% year over year to $898 million. Gross profit went up 11% to $657 million from $594 million in the year-ago quarter. Selling, general and administrative expenses increased 14% to $409 million.
Consolidated segment operating income was $296 million, up 7% from $277 million in the prior-year quarter. Segment operating margin was 19% in the quarter, a 30 basis points contraction from the prior-year quarter on the back of higher sales, partially neutralized by higher incentive compensation.
Rockwell Automation, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Rockwell Automation, Inc. (ROK - Free Report) reported adjusted earnings per share of $1.55 in second-quarter fiscal 2017 (ended Mar 31, 2017), up 13% from $1.37 earned in the prior-year quarter. Further, earnings outpaced the Zacks Consensus Estimate of $1.40, a positive earnings surprise of 11%. The year-over-year performance was driven by higher sales, and lower effective tax rates, partially offset by higher incentive compensation.
Including one-time items, the company’s earnings came in at $1.45 per share, up 13% from the year-ago quarter figure of $1.28.
Total revenue was $1.55 million in the quarter, up 8% year over year and surpassed the Zacks Consensus Estimate of $1.48 billion. Organic sales rose 6.8%, acquisitions contributed 1.7% while unfavorable foreign currency translations had an impact of 0.6%.
Operational Update
Cost of sales increased 6% year over year to $898 million. Gross profit went up 11% to $657 million from $594 million in the year-ago quarter. Selling, general and administrative expenses increased 14% to $409 million.
Consolidated segment operating income was $296 million, up 7% from $277 million in the prior-year quarter. Segment operating margin was 19% in the quarter, a 30 basis points contraction from the prior-year quarter on the back of higher sales, partially neutralized by higher incentive compensation.
Rockwell Automation, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on PH - FREE
Get the latest research report on ROK - FREE
Get the latest research report on DCI - FREE
Get the latest research report on CWST - FREE