Rockwell Automation beats by $0.09, misses on revs; guides FY19 EPS, revs in-line
- Reports Q4 (Sep) earnings of $2.11 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $2.02; revenues rose 3.7% year/year to $1.73 bln vs the $1.77 bln S&P Capital IQ Consensus.
- Co issues in-line guidance for FY19, sees EPS of $8.85-9.25, excluding non-recurring items, vs. $9.00 S&P Capital IQ Consensus; sees FY19 revs of $6.85-7.05 bln (+2.7-5.7%) vs. $7.04 bln S&P Capital IQ Consensus.
- "We are expecting another good year of growth and financial performance in fiscal 2019. While global trade tensions create uncertainty, we have not seen an impact on customer demand as industrial companies continue to focus on productivity. Internally, we are taking actions that are expected to mitigate the impact of tariffs on our operations. Macroeconomic indicators remain favorable across most geographies, with PMI metrics above 50 and continued Industrial Production growth. We have balanced exposure across a broad range of industries, and we expect heavy industries and consumer verticals to continue to be the strongest growth drivers