Why Rockwell Automation Shares Are Falling Tuesday
Why Rockwell Automation Shares Are Falling Tuesday
Rockwell Automation, Inc. (NYSE:ROK) shares are trading lower after it reported second-quarter results and cut its FY24 outlook.
羅克韋爾自動化公司（紐約證券交易所代碼：ROK）公佈第二季度業績並下調了24財年展望後，股價走低。
Sales fell 6.6% Y/Y to $2.13 billion, beating the consensus of $2.06 billion. Organic sales decreased by 8.1% in the quarter.
銷售額同比下降6.6％，至21.3億美元，超過了20.6億美元的市場共識。本季度有機銷售額下降了8.1％。
Segment Details: Intelligent Devices sales declined 4.9% Y/Y to $974 million, Software & Control fell 23.1% Y/Y to $570 million, and Lifecycle Services climbed 14.0% Y/Y to $583 million.
細分市場詳情：智能設備銷售額同比下降4.9％，至9.74億美元，軟件與控制同比下降23.1％，至5.7億美元，生命週期服務同比增長14.0％，至5.83億美元。
Total ARR grew 20%, and organic ARR rose 17% Y/Y in the quarter. Total segment operating earnings were $404 million in the second quarter of fiscal 2024, down 16.5% Y/Y. Total segment operating margin was 19.0% compared to 21.3% a year ago.
本季度，總投資回報率增長了20％，有機ARR同比增長了17％。2024財年第二季度的分部總營業收益爲4.04億美元，同比下降16.5％。該分部的總營業利潤率爲19.0％，去年同期爲21.3％。
Adjusted EPS was $2.50, beating the analyst consensus of $2.16.
調整後的每股收益爲2.50美元，超過了分析師共識的2.16美元。
The company held $470.3 million in cash and equivalents as of March-end.
截至3月底，該公司持有4.703億美元的現金及等價物。
In the second quarter, the company bought back around 0.7 million shares for $194.7 million. As of March-end, the company had $0.6 billion worth of shares remaining available under the existing share repurchase authorization.
在第二季度，該公司以1.947億美元的價格回購了約70萬股股票。截至3月底，根據現有股票回購授權，該公司還有價值6億美元的可用股票。
FY24 Outlook: Rockwell cut the guidance for adjusted EPS from $12.00-$13.50 to $10.00-$11.00 (vs. $11.93 estimate), with reported sales growth guidance to (6.0)% – (4.0)% (from 0.5% – 6.5% earlier) and organic sales growth to (8.0)% – (6.0)% from (2.0)% – 4.0% prior.
24財年展望：羅克韋爾將調整後的每股收益預期從12.00美元至13.50美元下調至10.00美元至11.00美元（預期爲11.93美元），報告的銷售增長預期從（6.0％）-（4.0％）（從之前的0.5％至6.5％），有機銷售增長從之前的（2.0）％至4.0％下調至（8.0）％-（6.0）％。
Blake Moret, Chairman and CEO, said, "Execution in the second quarter was solid, and we continue to see sequential order improvement. However, there is more excess inventory at our customers, particularly machine builders, than we originally expected."
董事長兼首席執行官布萊克·莫雷特表示：“第二季度的執行力穩健，我們繼續看到訂單連續改善。但是，我們的客戶，尤其是機器製造商的剩餘庫存比我們最初的預期還要多。”
"As a result, we are not yet seeing the accelerated order ramp this fiscal year and are reducing our full-year guidance. Despite the lower FY24 outlook, we are gaining share across many of our most important product lines and in North America, our largest market."
“因此，我們尚未看到本財年的訂單加速增長，並且正在下調我們的全年預期。儘管24財年的前景較低，但我們在許多最重要的產品線和最大的市場北美的份額正在增加。”
Also, Rockwell disclosed the retirement of Nicholas Gangestad as Senior Vice President and Chief Financial Officer of the company. The company is searching for his replacement, and Gangestad will continue to serve in his role until the new CFO is appointed.
此外，羅克韋爾還透露尼古拉斯·甘斯塔德已退休，擔任公司高級副總裁兼首席財務官。該公司正在尋找接班人，在任命新的首席財務官之前，Gangestad將繼續擔任他的職務。
Investors can gain exposure to the stock via Gabelli Automation ETF (NYSE:GAST) and ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX).
投資者可以通過加貝利自動化ETF（紐約證券交易所代碼：GAST）和ProShares標普Kensho智能工廠ETF（紐約證券交易所代碼：MAKX）獲得股票敞口。
Price Action: ROK shares are down 2.09% at $271.60 at the last check Tuesday.
價格走勢：在週二的最後一次檢查中，韓國股價下跌2.09％，至271.60美元。
Photo via Shutterstock
照片來自 Shutterstock
譯文內容由第三人軟體翻譯。