By Rob Curran

Shares of Rockwell Automation rose after the maker of automated manufacturing machinery increased its profit projections for the fiscal year, citing cost discipline.

The Milwaukee factory technology maker logged earnings of $252 million, or $2.22 a share, for the quarter ended in March, up from $266 million, or $2.31 a share, a year earlier.

Shares of Rockwell rose 9.2% to $276.43, which would bring the share performance to more or less breakeven for the year to date.

Stripping out certain one-off items, Rockwell logged adjusted earnings of $2.45 a share, in line with the mean analyst estimate, as tallied by FactSet.

Sales fell 6% to $2 billion, edging the mean analyst estimate of $1.97 billion, as per FactSet.

For the fiscal year ending in September, Rockwell raised its earnings forecast to a range between $8.23 and $9.23 a share, from a prior range of $7.65 to $8.85 a share. Rockwell targeted adjusted earnings in a range between $9.20 and $10.20 a share up from a prior projection of $8.60 to $9.80 a share. Rockwell reiterated its forecast for organic sales growth, excluding certain factors that skew comparisons, of as much as 2%, with a 4% contraction, at worst.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

May 07, 2025 08:31 ET (12:31 GMT)

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