Rockwell Automation Reports 13.7% Increase in Revenue for Q3 FY2023

☀️Earnings Overview

On August 1 2023, ROCKWELL AUTOMATION ($NYSE:ROK) announced their third quarter earnings results for FY2023, with total revenue amounting to USD 2238.7 million, a rise of 13.7% compared to the same quarter in the previous year. Net income for the quarter was reported at USD 400.2 million, an increase of 34.3% from the corresponding period of the previous year.

Analysis

GoodWhale conducted an in-depth analysis of ROCKWELL AUTOMATION‘s wellbeing. Based on their Risk Rating system, they have determined that ROCKWELL AUTOMATION is a medium risk investment when considering both financial and business aspects. GoodWhale has also detected two risk warnings in the company’s income sheet that may be non-financial in nature. If you are interested in learning more about what these warnings are and the potential implications of investing in this company, please register on goodwhale.com. Through this website, you will have access to detailed information regarding the company’s wellbeing and the risks associated with it. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Rockwell Automation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Rockwell Automation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Rockwell Automation. More…

Key Ratios Snapshot

Some of the financial key ratios for Rockwell Automation are shown below. More…

Peers

The competition among Rockwell Automation Inc and its competitors is fierce. Each company is trying to gain market share and improve their products. Rockwell Automation Inc is a leading provider of industrial automation products and services. The company has a strong presence in North America, Europe, and Asia.

– Castles Technology Co Ltd ($TWSE:5258)

Castles Technology Co Ltd is a provider of payment solutions. The company offers a range of products and services, including point-of-sale terminals, mobile point-of-sale terminals, and e-commerce payment solutions. Castles Technology Co Ltd has a market cap of 5.82B as of 2022 and a return on equity of 21.59%. The company’s products are used by businesses of all sizes, from small businesses to large enterprises.

– Das Technology Co Ltd ($TPEX:6648)

Das Technology Co Ltd is a technology company that focuses on the research, development, and production of semiconductor products. The company has a market cap of 902.65M and a ROE of 13.38%. Das Technology Co Ltd’s products are used in a variety of industries including automotive, telecommunications, and consumer electronics. The company’s products are known for their high quality and reliability.

– Synthesis Electronic Technology Co Ltd ($SZSE:300479)

As of 2022, Synthesis Electronic Technology Co Ltd has a market cap of 3.64B and a Return on Equity of -14.82%. The company is engaged in the research, development, production and sale of electronic products. It has a wide range of products, including mobile phones, digital cameras, MP3 players, USB flash drives, memory cards and other electronic products. The company has a strong research and development team and a modern production facility. It has a wide customer base in China and overseas.

Summary

ROCKWELL AUTOMATION recently reported strong third quarter earnings for FY2023, with total revenue increasing 13.7% year over year to USD 2238.7 million and net income rising 34.3% to USD 400.2 million. Despite these encouraging results, the stock price moved down on the same day. From an investing perspective, the company’s strong year over year growth in both revenue and earnings suggests good fundamentals and potential for future growth, making it an attractive option for investors looking for a diversified portfolio of companies.