Rockwell Automation Reports FY2023 Q3 Earnings Results for Quarter Ending June 30, 2023
August 15, 2023
🌥️Earnings Overview
On August 1, 2023, ROCKWELL AUTOMATION ($NYSE:ROK) reported its financial results for the quarter ending June 30, 2023, which was part of their fiscal year 2023 Q3 earnings. Total revenue increased by 13.7%, reaching USD 2238.7 million, while net income rose by 34.3%, amounting to USD 400.2 million compared to the same quarter the previous year.
Stock Price
The stock opened the day at $302.0 and closed at $310.9, a drop of 7.5% from its prior closing price of $336.3. Overall, ROCKWELL AUTOMATION performed well in the fiscal year Q3 quarter, with increases in revenue and net income. The company remains confident that its long-term strategy and continued investments in innovation will result in sustained growth and shareholder value in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rockwell Automation. More…
| Total Revenues | Net Income | Net Margin |
| 8.62k | 1.42k | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rockwell Automation. More…
| Operations | Investing | Financing |
| 934.5 | 180 | -1.16k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rockwell Automation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.74k | 8.12k | 29.1 |
Key Ratios Snapshot
Some of the financial key ratios for Rockwell Automation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | 12.3% | 21.3% |
| FCF Margin | ROE | ROA |
| 9.2% | 35.3% | 9.8% |
Analysis
GoodWhale has conducted an analysis of ROCKWELL AUTOMATION’s financials and has identified it as a ‘Gorilla’ type of company. This is based on its ability to sustain strong and stable revenue and earning growth due to its strong competitive advantage. Our Star Chart shows that ROCKWELL AUTOMATION has a high health score of 8/10 with regard to its cash flows and debt, indicating it is capable to sustain future operations in times of crisis. The chart also reveals that the company is strong in asset, dividend, and profitability, and medium in growth. Given the strong financial health and competitive advantage of ROCKWELL AUTOMATION, it is likely to be an attractive investment for value investors. These are investors who prefer to invest in companies with low debt and stable cash flow, as well as those with a proven strong track record of performance over a long period of time. Additionally, the company’s strong dividend payouts and good profitability track record make it an attractive option for dividend investors. Furthermore, the company’s consistent growth may also make it appealing to growth investors, who focus on potential capital appreciation of their investments over the long-term. 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.
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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 reported its Q3 FY2023 earnings on August 1, 2023, with an impressive 13.7% increase in total revenue and a 34.3% rise in net income year over year. Although the stock price dropped on the day of the announcement, the financials suggest that the company is in good health and has potential for growth. Investors should consider ROCKWELL AUTOMATION as a strong option for their portfolio due to its solid financials and potential for long-term growth. With a strong financial performance and a bright future ahead, investors can look forward to a sound investment in ROCKWELL AUTOMATION.
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