NYSE$ROK
Rockwell Automation Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Rockwell Automation's Q1 2023 earnings exceeded expectations due to strong execution and focus on supply chain resilience, with double-digit earnings growth year-over-year.
Rockwell Automation reported a 6.7% increase in sales to $1,981 million, with organic sales up 9.9%. Diluted EPS increased by 61% to $3.31, and adjusted EPS rose by 15% to $2.46. The company updated its fiscal 2023 sales and EPS guidance, reflecting strong Q1 performance and a gradually improving supply chain environment.
- Reported sales increased by 6.7% year-over-year, with organic sales up 9.9%.
- Currency translation reduced sales by 4.0%, while acquisitions contributed 0.8%.
- Organic ARR grew by 14%.
- Diluted EPS was $3.31, and adjusted EPS was $2.46, representing increases of 61% and 15% year-over-year, respectively.
Headline financials
Revenue & EPS history
Rockwell Automation · Revenue · Quarterly
$1.98B
Revenue by segment
Rockwell Automation · $1.41B total across 2 segments · Q1 2023
- Intelligent Devices$936M+4.0%66.5%
- Lifecycle Services$472M+6.5%33.5%
Forward guidance
Rockwell Automation updated its fiscal year 2023 guidance, reflecting first quarter performance and record backlog, assuming a gradually improving supply chain environment.
Tailwinds
- Reported sales growth updated to 10.0% - 14.0%.
- Organic sales growth updated to 11.0% - 15.0%.
- Inorganic sales growth remains at approximately 1.0%.
- Diluted EPS guidance updated to $10.99 - $11.79.
- Adjusted EPS guidance updated to $10.70 - $11.50.
Headwinds
- Currency translation is expected to reduce sales by approximately (2.0)%.
- The guidance is based on the assumption of a gradually improving supply chain environment, which may not materialize.
- Actual results may be affected by various risks and uncertainties, including macroeconomic factors, component availability, and geopolitical issues.
- The company's ability to achieve the expected benefits of strategic transactions could impact future performance.
- Changes in laws, regulations, and governmental policies could also affect the company's results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.1%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+12.7%
Q3 2022
Best reaction
-14.4%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +4.6% | +13.2% | +14.4% | |
| Q1 2026 | -5.4% | -4.0% | -14.0% | |
| Q4 2025 | +2.8% | +8.1% | +11.5% | |
| Q3 2025 | -5.0% | -4.7% | -1.8% | |
| Q2 2025 | +12.0% | +18.5% | +28.2% | |
| Q1 2025 | +12.6% | +9.7% | -2.4% | |
| Q4 2024 | -7.4% | -5.5% | +0.5% | |
| Q3 2024 | +3.3% | +0.9% | +2.0% | |
| Q2 2024 | -1.4% | -1.4% | -8.0% | |
| Q1 2024 | -14.4% | -13.3% | -5.9% | |
| Q4 2023 | -1.2% | -3.7% | +5.4% | |
| Q3 2023 | -9.5% | -11.1% | -7.2% | |
| Q2 2023 | +4.7% | +3.1% | +5.8% | |
| Q1 2023 | +3.0% | +1.4% | +4.4% | |
| Q4 2022 | -5.0% | -1.9% | +3.8% | |
| Q3 2022 | +12.7% | +15.1% | +8.0% | |
| Q2 2022 | -11.1% | -14.2% | -12.0% | |
| Q1 2022 | -4.5% | -2.7% | -9.6% | |
| Q4 2021 | +6.1% | +6.0% | +7.4% | |
| Q3 2021 | +0.5% | +3.2% | +7.4% | |
| Q2 2021 | -0.3% | -2.8% | -1.8% | |
| Q1 2021 | -7.6% | -4.7% | -6.3% | |
| Q4 2020 | -4.9% | -5.9% | -3.1% | |
| Q3 2020 | -3.5% | -4.7% | +1.3% | |
| Q2 2020 | +8.4% | +0.8% | +19.1% | |
| Q1 2020 | -0.9% | -1.1% | -6.7% | |
| Q4 2019 | +10.5% | +11.8% | +14.7% | |
| Q3 2019 | -2.5% | -2.1% | -12.4% | |
| Q2 2019 | -5.5% | -4.3% | -18.1% | |
| Q1 2019 | +5.3% | +3.5% | +9.4% | |
| Q4 2018 | -2.7% | -6.3% | -8.8% | |
| Q3 2018 | +8.0% | +7.2% | +2.7% | |
| Q2 2018 | +2.0% | +1.6% | +9.9% | |
| Q1 2018 | -2.4% | -2.4% | -9.4% | |
| Q4 2017 | -5.5% | -4.1% | -4.0% | |
| Q3 2017 | +1.1% | +1.2% | -2.1% | |
| Q2 2017 | -0.5% | -2.3% | -0.5% | |
| Q1 2017 | +7.7% | +5.1% | +6.4% | |
| Q4 2016 | +6.4% | +12.0% | +18.2% | |
| Q3 2016 | -3.7% | -5.5% | -2.3% | |
| Q2 2016 | -1.4% | — | — | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | -3.6% | — | — | |
| Q3 2015 | -1.8% | — | — | |
| Q2 2015 | +7.9% | — | — | |
| Q1 2015 | +2.6% | — | — | |
| Q4 2014 | -4.2% | — | — | |
| Q3 2014 | -6.9% | — | — | |
| Q2 2014 | -4.3% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | +2.5% | — | — | |
| Q3 2013 | +7.0% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q4 2012 | +4.5% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | -5.1% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | -11.8% | — | — | |
| Q2 2011 | +2.0% | — | — | |
| Q1 2011 | +4.5% | — | — | |
| Q4 2010 | +3.8% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q2 2010 | -4.3% | — | — | |
| Q1 2009 | +2.0% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q2 2009 | -1.3% | — | — | |
| Q4 2009 | -1.3% | — | — | |
| Q4 2007 | -1.3% | — | — | |
| Q3 2009 | -1.3% | — | — | |
| Q3 2008 | -1.3% | — | — | |
| Q4 2008 | -1.3% | — | — |
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