Latest news with #RockwellAutomation
Yahoo
4 days ago
- Business
- Yahoo
Rockwell Automation (NYSE:ROK): Strongest Q1 Results from the Internet of Things Group
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Rockwell Automation (NYSE:ROK) and the best and worst performers in the internet of things industry. Industrial Internet of Things (IoT) companies are buoyed by the secular trend of a more connected world. They often specialize in nascent areas such as hardware and services for factory automation, fleet tracking, or smart home technologies. Those who play their cards right can generate recurring subscription revenues by providing cloud-based software services, boosting their margins. On the other hand, if the technologies these companies have invested in don't pan out, they may have to make costly pivots. The 6 internet of things stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was in line. Luckily, internet of things stocks have performed well with share prices up 10.6% on average since the latest earnings results. One of the first companies to address industrial automation, Rockwell Automation (NYSE:ROK) sells products that help customers extract more efficiency from their machinery. Rockwell Automation reported revenues of $2.00 billion, down 5.9% year on year. This print exceeded analysts' expectations by 1.1%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts' EBITDA estimates. "Rockwell delivered another quarter of strong operating performance with sales, margins, and EPS all above our expectations. We saw a healthy intake of orders across most of our lines of business, with total company book-to-bill in-line with our historical average of about 1.0. We also continue to add resiliency to our operations as we navigate a highly dynamic environment. I'm proud of how our employees and partners are working together to position Rockwell as the automation leader of choice for our customers in the U.S. and around the world," said Blake Moret, Chairman and CEO. Interestingly, the stock is up 24.6% since reporting and currently trades at $314.93. Is now the time to buy Rockwell Automation? Access our full analysis of the earnings results here, it's free. A spin-off of a spin-off, Vontier (NYSE:VNT) provides electronic products and systems to the transportation, automotive, and manufacturing sectors. Vontier reported revenues of $741.1 million, down 1.9% year on year, outperforming analysts' expectations by 2.8%. The business had a strong quarter with a solid beat of analysts' adjusted operating income estimates and a solid beat of analysts' organic revenue estimates. The market seems happy with the results as the stock is up 13.6% since reporting. It currently trades at $36.09. Is now the time to buy Vontier? Access our full analysis of the earnings results here, it's free. Founded by an employee at a real estate rental company, SmartRent (NYSE:SMRT) provides smart home devices and software for multifamily residential properties, single-family rental homes, and student housing communities. SmartRent reported revenues of $41.34 million, down 18.1% year on year, exceeding analysts' expectations by 3.1%. Still, it was a softer quarter as it posted a significant miss of analysts' adjusted operating income estimates. SmartRent delivered the slowest revenue growth in the group. As expected, the stock is down 5.7% since the results and currently trades at $0.85. Read our full analysis of SmartRent's results here. Started from its humble beginnings in motor repair, AMETEK (NYSE:AME) manufactures electronic devices used in industries like aerospace, power, and healthcare. AMETEK reported revenues of $1.73 billion, flat year on year. This result missed analysts' expectations by 0.7%. Aside from that, it was a mixed quarter as it also produced a decent beat of analysts' EBITDA estimates but a slight miss of analysts' organic revenue estimates. AMETEK had the weakest performance against analyst estimates among its peers. The stock is up 6.4% since reporting and currently trades at $180.04. Read our full, actionable report on AMETEK here, it's free. Playing a role in the construction of the Paris Grand, Trimble (NASDAQ:TRMB) offers geospatial devices and technology to the agriculture, construction, transportation, and logistics industries. Trimble reported revenues of $840.6 million, down 11.8% year on year. This number topped analysts' expectations by 3.8%. Taking a step back, it was a satisfactory quarter as it also logged an impressive beat of analysts' EBITDA estimates but EPS guidance for next quarter missing analysts' expectations. Trimble scored the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is up 13.1% since reporting and currently trades at $71.64. Read our full, actionable report on Trimble here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Rockwell Automation Hits 52-Week High: What's Driving Its Performance?
Rockwell Automation Inc. ROK scaled a new 52-week high of $314.94 on Wednesday before ending the session a tad lower at $312.39. The company currently has a market capitalization of $35.3 billion and a Zacks Rank #3 (Hold). Improved 2025 Guidance: Rockwell Automation plans to mitigate tariff costs through pricing actions and supply-chain optimization. The company increased its adjusted EPS guidance for fiscal 2025 to $9.20-$10.20. It earlier expected an adjusted EPS of $8.60-$9.80. The mid-point of the updated guidance range indicates no year-over-year change, whereas the earlier mentioned range suggested a decline of 5%.Focus on Portfolio Expansion: ROK is well-positioned to benefit from broadening its portfolio of hardware and software products, solutions, and services. It is also gaining traction from investments in the cloud. The company's FactoryTalk Design Studio includes a copilot, which improves automation system design efficiency and is integrated into this cloud-native application, an industry investments to globalize manufacturing, product development, building channel capability and partner networks will drive growth. The company is likely to witness above-market organic sales growth by expanding its served markets and improving offerings that will provide it with a competitive company continues to drive process improvement, functional streamlining, material cost savings and manufacturing productivity to augment earnings Actions: Rockwell Automation plans to implement actions, which include restructuring, to adjust its cost structure. It achieved productivity savings of around $110 million in the second half of fiscal 2024. The company is on track to reach around $250 million in year-over-year productivity benefits in fiscal increase actions to mitigate the impacts of inflationary pressures are also likely to improve margins. The company remains focused on buyouts that will augment its information solutions, and high-value service offerings and capabilities while expanding its global presence or enhancing process expertise. On Tuesday, the company announced that its newly released EtherNet/IP In-cabinet Solution aided Volga, a Rockwell Systems Integrator Partner, to reduce control panel wiring time by 66%. Volga's results also showed a 36% smaller panel footprint and a 32% weight reduction. This success demonstrates the value of our ethernet-enabled technology in driving productivity and competitiveness. This solution enables manufacturers to design and build sustainable, higher-quality control panels more efficiently. In the past year, Rockwell Automation shares have gained 24.6% against the industry's 11.8% decline. Image Source: Zacks Investment Research Some better-ranked stocks from the Computer and Technology space are Ubiquiti Inc. UI, Flex Ltd. FLEX and Greenland Technologies Holding Corporation GTEC. These the companies carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks has an average trailing four-quarter earnings surprise of 29.9%. The Zacks Consensus Estimate for Ubiquiti's 2025 earnings is pegged at $8.22 per share. UI shares have skyrocketed 189.9% over the past has an average trailing four-quarter earnings surprise of 16.2%. The Zacks Consensus Estimate for FLEX's fiscal 2025 earnings is pegged at $2.91 per share. Flex's shares gained 26.5% last Technologies has an average trailing four-quarter earnings surprise of 17.7%. The Zacks Consensus Estimate for Greenland Technologies's 2025 earnings is pegged at 48 cents per share. GTEC shares have risen 39.9% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report Greenland Technologies Holding Corporation (GTEC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
6 days ago
- Business
- Yahoo
Volga Reduces Control Panel Wiring Time by 66% with Rockwell Automation's EtherNet/IP In-cabinet Solution
MILWAUKEE, May 27, 2025 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced that Volga, a Rockwell Systems Integrator Partner and Brazil-based manufacturer of electrical panels and automation systems, reduced control panel wiring time by 66% using Rockwell Automation's newly released EtherNet/IP™ In-cabinet Solution. The result highlights how ethernet-enabled technology can help manufacturers more efficiently design and build sustainable, higher-quality control panels. Hardwiring a control panel can be a time-intensive, error-prone and costly process –particularly in markets where quick customer decisions and rapid delivery are crucial for maintaining a competitive advantage. As a manufacturer that has experienced these challenges, Volga was well-positioned to conduct a time study comparing traditional wiring methods to the new EtherNet/IP In-cabinet Solution. The results: a 66% reduction in wiring time, alongside a 36% smaller panel footprint and a 32% reduction in weight. "The EtherNet/IP In-cabinet Solution delivers exactly what panel builders and system integrators need today – faster deployment, simplified wiring and reduced material usage," said Kelly Passineau, global product manager at Rockwell Automation. "This new technology has proven to be a huge advantage in accelerating smart manufacturing while supporting sustainability goals." During the test, Volga's engineering team assembled two identical control panels. Panel 1, using conventional hardwiring, took over 20 hours to complete. Panel 2, using the EtherNet/IP In-cabinet Solution, was completed in less than 7 hours. "The feedback from our team was extremely positive," said Carlos Leopoldo, commercial director at Volga. "They found the technology easy to use and appreciated the reliability of the connections. Most importantly, they saw a clear improvement in productivity. This is a solution we're excited to bring to our customers because it supports faster delivery, lowers operational costs and helps meet sustainability goals." With less copper, cable and plastic use than conventional hardwiring methods, this new solution can also help support manufacturers' growing focus on eco-conscious operations. "For some of our customers, the first question is about sustainability," said Leopoldo. "This solution helps reduce our environmental footprint while improving delivery times – helping us keep our promise to make our customers' lives simpler." Volga's early adoption of the solution is part of its continued mission to lead with innovation and technology that delivers measurable customer value. Learn more about the Ethernet/IP In-cabinet Solution here. About Rockwell AutomationRockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit View original content to download multimedia: SOURCE Rockwell Automation, Inc. Sign in to access your portfolio
Cision Canada
6 days ago
- Business
- Cision Canada
Volga Reduces Control Panel Wiring Time by 66% with Rockwell Automation's EtherNet/IP In-cabinet Solution
MILWAUKEE, May 27, 2025 /CNW/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced that Volga, a Rockwell Systems Integrator Partner and Brazil-based manufacturer of electrical panels and automation systems, reduced control panel wiring time by 66% using Rockwell Automation's newly released EtherNet/IP™ In-cabinet Solution. The result highlights how ethernet-enabled technology can help manufacturers more efficiently design and build sustainable, higher-quality control panels. Hardwiring a control panel can be a time-intensive, error-prone and costly process –particularly in markets where quick customer decisions and rapid delivery are crucial for maintaining a competitive advantage. As a manufacturer that has experienced these challenges, Volga was well-positioned to conduct a time study comparing traditional wiring methods to the new EtherNet/IP In-cabinet Solution. The results: a 66% reduction in wiring time, alongside a 36% smaller panel footprint and a 32% reduction in weight. "The EtherNet/IP In-cabinet Solution delivers exactly what panel builders and system integrators need today – faster deployment, simplified wiring and reduced material usage," said Kelly Passineau, global product manager at Rockwell Automation. "This new technology has proven to be a huge advantage in accelerating smart manufacturing while supporting sustainability goals." During the test, Volga's engineering team assembled two identical control panels. Panel 1, using conventional hardwiring, took over 20 hours to complete. Panel 2, using the EtherNet/IP In-cabinet Solution, was completed in less than 7 hours. "The feedback from our team was extremely positive," said Carlos Leopoldo, commercial director at Volga. "They found the technology easy to use and appreciated the reliability of the connections. Most importantly, they saw a clear improvement in productivity. This is a solution we're excited to bring to our customers because it supports faster delivery, lowers operational costs and helps meet sustainability goals." With less copper, cable and plastic use than conventional hardwiring methods, this new solution can also help support manufacturers' growing focus on eco-conscious operations. "For some of our customers, the first question is about sustainability," said Leopoldo. "This solution helps reduce our environmental footprint while improving delivery times – helping us keep our promise to make our customers' lives simpler." Volga's early adoption of the solution is part of its continued mission to lead with innovation and technology that delivers measurable customer value. Learn more about the Ethernet/IP In-cabinet Solution here. About Rockwell Automation Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit
Yahoo
6 days ago
- Business
- Yahoo
Volga Reduces Control Panel Wiring Time by 66% with Rockwell Automation's EtherNet/IP In-cabinet Solution
MILWAUKEE, May 27, 2025 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced that Volga, a Rockwell Systems Integrator Partner and Brazil-based manufacturer of electrical panels and automation systems, reduced control panel wiring time by 66% using Rockwell Automation's newly released EtherNet/IP™ In-cabinet Solution. The result highlights how ethernet-enabled technology can help manufacturers more efficiently design and build sustainable, higher-quality control panels. Hardwiring a control panel can be a time-intensive, error-prone and costly process –particularly in markets where quick customer decisions and rapid delivery are crucial for maintaining a competitive advantage. As a manufacturer that has experienced these challenges, Volga was well-positioned to conduct a time study comparing traditional wiring methods to the new EtherNet/IP In-cabinet Solution. The results: a 66% reduction in wiring time, alongside a 36% smaller panel footprint and a 32% reduction in weight. "The EtherNet/IP In-cabinet Solution delivers exactly what panel builders and system integrators need today – faster deployment, simplified wiring and reduced material usage," said Kelly Passineau, global product manager at Rockwell Automation. "This new technology has proven to be a huge advantage in accelerating smart manufacturing while supporting sustainability goals." During the test, Volga's engineering team assembled two identical control panels. Panel 1, using conventional hardwiring, took over 20 hours to complete. Panel 2, using the EtherNet/IP In-cabinet Solution, was completed in less than 7 hours. "The feedback from our team was extremely positive," said Carlos Leopoldo, commercial director at Volga. "They found the technology easy to use and appreciated the reliability of the connections. Most importantly, they saw a clear improvement in productivity. This is a solution we're excited to bring to our customers because it supports faster delivery, lowers operational costs and helps meet sustainability goals." With less copper, cable and plastic use than conventional hardwiring methods, this new solution can also help support manufacturers' growing focus on eco-conscious operations. "For some of our customers, the first question is about sustainability," said Leopoldo. "This solution helps reduce our environmental footprint while improving delivery times – helping us keep our promise to make our customers' lives simpler." Volga's early adoption of the solution is part of its continued mission to lead with innovation and technology that delivers measurable customer value. Learn more about the Ethernet/IP In-cabinet Solution here. About Rockwell AutomationRockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit View original content to download multimedia: SOURCE Rockwell Automation, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data
