NYSE$ROK
Rockwell Automation Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Rockwell Automation's Q2 2023 performance was marked by significant sales and earnings growth, driven by improved component availability and strong execution.
Rockwell Automation reported a strong second quarter in fiscal year 2023, with sales up by 25.8% year-over-year and organic sales increasing by 27.3%. The company's diluted EPS rose to $2.59, while adjusted EPS reached $3.01, reflecting substantial growth compared to the previous year. Rockwell Automation also updated its fiscal year 2023 guidance, projecting continued sales and earnings growth.
- Reported sales increased by 25.8% year-over-year, with organic sales up by 27.3%.
- Total ARR grew by 15% year-over-year.
- Diluted EPS reached $2.59, and adjusted EPS was $3.01, marking significant increases from the previous year.
- Fiscal year 2023 sales growth guidance was updated to 12.5% - 16.5%, with organic sales growth projected at 13.0% - 17.0%.
Headline financials
Revenue & EPS history
Rockwell Automation · Revenue · Quarterly
$2.28B
Revenue by segment
Rockwell Automation · $1.53B total across 2 segments · Q2 2023
- Intelligent Devices$1.02B+26.5%66.7%
- Lifecycle Services$511M+10.0%33.3%
Forward guidance
Rockwell Automation updated its fiscal year 2023 guidance, reflecting first half performance and record backlog, and assumes continued improvement in electronic component availability.
Tailwinds
- Updated fiscal 2023 reported sales growth guidance to 12.5% - 16.5%.
- Updated fiscal 2023 organic sales growth to 13.0% - 17.0%.
- Diluted EPS is projected to be between $11.71 - $12.41.
- Adjusted EPS is expected to be in the range of $11.50 - $12.20.
- The guidance reflects first half performance and record backlog.
Headwinds
- Guidance assumes continued improvement in electronic component availability.
- There are potential risks related to macroeconomic factors.
- The availability and price of components and materials could impact results.
- Disruptions to business due to pandemics, natural disasters, or acts of war could affect performance.
- The company's ability to manage and mitigate the risk related to security vulnerabilities and breaches of hardware and software products is a concern.
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 Q2 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro