Rockwell Automation
Sales down in the second quarter
Keith D. Nosbusch, CEO of Rockwell Automation, has published the figures for the second quarter of 2016. According to the figures, the provider of industrial automation and information solutions recorded a 7.1% drop in sales to USD 1.4 billion compared to the same quarter of the previous year.
The 7.1% decline in sales is due on the one hand to the year-on-year fall in organic sales (minus 3.6%). According to the soon-to-depart CEO Nosbusch, this decline is in line with the company's expectations. On the other hand, currency effects reduced turnover by 3.5%.
The Architecture & Software division generated sales of around 630 million US dollars in the second quarter of the current financial year. This is 6.6% less than in the same quarter of the previous year (USD 674 million). Organic sales fell by 3.3 %, while currency effects reduced sales by 3.3 %. The operating result amounted to USD 155 million compared to USD 201 million in the second quarter of 2015. The margin fell to 24.6%. In the same period of the previous year, it was 29.8 %. Rockwell Automation cites lower sales, unfavorable currency effects and reduced purchasing power as the reasons for this.
In the 'Control Products & Solutions' division, sales amounted to around USD 811 million, which corresponds to a decline of 7.5 % compared to the same period of the previous year (USD 877 million). Organic sales fell by 3.9%, while currency effects reduced sales by 3.6%. The operating result amounted to USD 123 million (2015: USD 133 million). At 15.2%, the margin remained unchanged at the previous year's level.
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