ROK US
Reports Q1 (Dec) adj earnings of $1.47 per share, $0.09 better than the Capital IQ Consensus Estimate of $1.38; revenues rose 6.9% year/year to $1.59 bln vs the $1.56 bln consensus.
Co issues in-line guidance for FY14, raises bottom end of adj EPS of $6.00-6.35 from prior guidance of $5.95-6.35 vs. $6.20 Capital IQ Consensus Estimate.
Architecture & Software fiscal 2014 first quarter sales were $695.9 million, an increase of 6 percent from $657.5 million in the same period last year. Segment operating earnings were $211.9 million in the first quarter of fiscal 2014 compared to $183.2 million in the first quarter of fiscal 2013.
Control Products & Solutions fiscal 2014 first quarter sales were $895.8 million, an increase of 8 percent from $831.7 million in the same period last year.
"Sales in the U.S. were robust and I was pleased to see the Asia Pacific region return to growth. Overall organic sales growth of 7 percent and Adjusted Earnings per Share growth of 20 percent provide a strong start to the fiscal year."