Rockwell Automation Reports 8.4% Decline in Q3 Sales

Revenue Falls to $2,051 Million Amidst Challenging Economic Conditions

Key Performance Highlights:

Rockwell Automation Inc. (ROK) released its financial results for the fiscal third quarter of 2024, reporting a notable 8.4% decrease in sales revenue compared to the same period last year. Total sales for Q3 amounted to $2,051 million, reflecting a steep decline of 270 basis points sequentially.

The company's fiscal 2024 third quarter results were impacted by a combination of factors, including lower segment margins and reduced sales volume. Despite the overall revenue decline, Rockwell Automation's Intelligent Devices segment experienced a modest increase of 10.2% in sales compared to the prior-year quarter, generating $968 million.