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Profit increased to $131.3 million, from $28.9 million a year ago.
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Search Results for: Rockwell – Page 18
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Competing PT/bearing manufacturers hit 10th year of services joint venture.
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News briefs from Nov. 10 – 25, 2009
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Fourth-quarter sales for Rockwell were down 28%.
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More businesses are using the tool to communicate with customers, but before jumping in, find out if the medium is right for you.
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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 …
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This is part of an MDM series of articles looking at growth opportunities globally.
The remaining optimism at the beginning of the global financial and credit crisis very often came from emerging markets. Though those markets’ growth slowed, they still saw growth, contrary to the negative trends seen in the U.S. Growth forecasts for Brazil, for example, were revised downward, but remained positive, and India continued to see investment growth.
And another emerging market – Mexico – continued to steadily plod along even as its trading partners suffered from a barrage of bad news. The picture has since darkened for many of these countries.
Until a few months ago, it was believed that the emerging markets, and …
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OneSource Distributors, Oceanside, CA, has acquired Berkley Engineering, Inc., Honolulu, HI. Berkley is a supplier of pumping-related products for the municipal water/wastewater industry and industrial and institutional markets.
Berkley Engineering is a good fit for both of our companies and our major suppliers. We are a Rockwell Automation/Allen-Bradley distributor in a number of territories and look forward to growing market share for them as well as all of our key suppliers in the Industrial, Infrastructure, Institutional and Utility markets in Hawaii and in the American territories, Bob Zamarripa, president of OneSource, says.
OneSource Distributors operates 12 sales centers and four distribution centers servicing California, Arizona, …
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Rockwell Automation, Inc., Milwaukee, WI, has agreed to purchase engineering company Rutter Hinz Inc., Saskatoon, Canada. Rutter Hinz is a wholly owned subsidiary of Rutter Inc., a publicly held Canadian company. Rutter Hinz has annual sales of about US$35 million. Terms of the transaction were not disclosed.
Rutter Hinz has engineering expertise in industrial automation, process control and power distribution, specifically for the oil and gas industry, in addition to the pipeline, utility, mining, forestry and food and beverage sectors. The company’s management team and approximately 220 employees will join Rockwell Automation’s Systems & Solutions business unit.
This acquisition accelerates the growth of Rockwell Automation’s …
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UK-based Wolseley plc, distributor of plumbing and heating products and building materials, reported group sales for the three months ended Oct. 31, 2008, were up 2 percent from the same period a year ago. Profit was down about 30 percent. Results continue to be impacted by the events in the financial markets and weakness in the housing markets. The decline in profit was primarily due to lower profitability in Stock Building Supply and Wolseley UK. Actions initiated in first quarter have resulted in headcount reductions of around 5,000. Further actions include headcount reductions of over 2,300, primarily in the UK. More
France-based electrical distributor Rexel reported organic sales growth of 0.4 …
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