23 Jan Rockwell earnings up nearly 20 percent
Milwaukee, Wis. – Rockwell Automation reported that its net income in the fiscal first quarter of 2008 rose 19.6 percent, on a revenue increase of $18 million.
The company, which manufactures industrial process-control equipment and software, attributed the rise in earnings to regional expansion and investments in technology.
Fiscal first-quarter net income rose to $156.6 million, or $1.04 a share, over earnings of $130.9 million, or 76 cents, in the same quarter of 2007.
Revenue for the three months that ended Dec. 31, 2007, rose from $1.15 billion to $1.33. Guidance on 2008 revenue growth remains from 10 percent to 12 percent, while the company continues to expect earnings of $4.25 to $4.45 a share.
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