Rockwell Automation cuts FY2024 guidance; Q3 sales down 8.4%, EPS down 41.4%
Rockwell Automation reported fiscal third-quarter 2024 sales of $2.05 billion, down 8.4% from a year earlier, and diluted EPS of $2.02, down from $3.45. The company lowered its fiscal 2024 guidance, citing customer project delays tied to weaker consumer demand, high interest rates, and policy uncertainty.
Key points
- Q3 sales were $2,051 million, down 8.4% from $2,239 million; organic sales also fell 8.4%.
- Diluted EPS was $2.02 versus $3.45, and adjusted EPS was $2.71, down 10.0%; diluted EPS includes a $0.46 restructuring charge.
- Fiscal 2024 diluted EPS guidance was cut to about $8.32 from $8.80-$9.80; adjusted EPS guidance is now about $9.60 versus $10.00-$11.00.
- Reported sales growth guidance was cut to about (8.5)% from (6.0)%-(4.0)%; total ARR rose 17%.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.