Rockwell Automation Inc. (NYSE: ROK), Milwaukee, WI, reported sales for the fiscal year ended Sept. 30 of $6.6 billion, up 4.3 percent over fiscal 2013. Organic sales increased 5.1 percent.
Profit increased 9 percent to $826.8 million.
For the fourth quarter, sales were $1.8 billion, up 3.9 percent year over year. Organic sales increased 4.4 percent. Profit increased 15 percent to $248.7 million.
Commenting on the results, , "Results in the quarter were about as we expected with strong earnings on solid sales growth. Adjusted EPS grew an impressive 15 percent on 4.4 percent organic sales growth.
“The U.S. led our sales performance with 7 percent organic growth, while segment operating margin increased almost a point for the second year in a row," CEO Keith D. Nosbusch said. “…Despite heightened uncertainty in some regions, the U.S. economy remains strong, and forecasts call for continued moderate global economic growth. Based on these factors, along with underlying demand trends, we are projecting fiscal 2015 organic sales growth of 2.5 percent to 6.5 percent."
