Milwaukee, WI-based Rockwell Automation, Inc. reported fiscal 2009 third quarter revenue of $1.1 billion, down 31% compared with the third quarter fiscal 2008.

Third quarter profit was $32.8 million, compared with $152.6 million in the third quarter 2008.

The manufacturer expects "we may be approaching the bottom of the cycle." But it still sees uncertainty in the global economy and has not yet seen evidence of an upturn.

Control Products & Solutions third quarter sales were $611.3 million, a decrease of 28% from the third quarter 2008. Currency translation contributed 5 percentage points to the decline, partially offset by about 1 percentage point of growth …