Acquisitions increased sales by 1.4 percentage points year-over-year in both the three and six months ended March 31, 2024. This indicates that strategic acquisitions are partially mitigating the negative impact of volume decreases on overall revenue.

Lifecycle Services sales increased 14.0% and 12.3% year over year in the three and six months ended March 31, 2024, respectively. Organic sales increased 12.4% and 10.3% year over year, indicating a successful organic growth strategy in this segment.

To adjust the cost structure in line with lower than expected orders and revenue this fiscal year, the company intends to implement actions, including restructuring, in the second half of 2024. This includes anticipating savings of approximately $100 million from lower headcount and discretionary spend.

Pricing increased total company sales by approximately 1.5 percentage points and 2.0 percentage points year over year in the three and six months ended March 31, 2024, respectively, realized in the Intelligent Devices and Software & Control segments.

The company's supply chain has largely recovered to pre-pandemic lead times and service levels to customers, indicating improved operational efficiency.

To adjust our cost structure in line with lower than expected orders and revenue this fiscal year, we intend to implement actions, including restructuring, in the second half of 2024.

The 10-Q mentions that macroeconomic factors, including inflation, global and regional business conditions, commodity prices, and currency exchange rates, are risks to the business.

The 10-Q mentions that the severity and duration of disruptions to our business due to pandemics, natural disasters, acts of war, strikes, terrorism, social unrest or other causes are risks to the business.

The 10-Q mentions that laws, regulations, and governmental policies affecting our activities in the countries where we do business, including those related to tariffs, taxation, trade controls, cybersecurity, and climate change are risks to the business.

Intelligent Devices sales decreased 4.9 percent and 3.0 percent year over year in the three and six months ended March 31, 2024. Software & Control sales decreased 23.1 percent and 10.7 percent year over year in the three and six months ended March 31, 2024.

Lifecycle Services sales increased 14.0 percent and 12.3 percent year over year in the three and six months ended March 31, 2024. Segment operating margin increased to 16.6 percent and 13.7 percent in the three and six months ended March 31, 2024, respectively, from 5.5 percent and 5.3 percent, respectively, in the same period a year ago, primarily due to higher sales volume, lower incentive compensation, and higher margins in Sensia.

Rockwell Automation, Inc. is the world's largest company dedicated to industrial automation and digital transformation.

To adjust our cost structure in line with lower than expected orders and revenue this fiscal year, we intend to implement actions, including restructuring, in the second half of 2024.

The company's supply chain has largely recovered to pre-pandemic lead times and service levels to customers, indicating improved operational efficiency.

Total segment operating margin decreased to 19.0 percent in the second quarter of 2024 compared to 21.3 percent a year ago, primarily due to lower sales volume, partially offset by lower incentive compensation.

In October 2023, we acquired Clearpath Robotics, Inc., including its industrial division OTTO Motors (Clearpath), a company that specializes in autonomous robotics for industrial applications.

Intangible assets identified include $269.9 million of technology, $41.6 million of trademarks, and $1.9 million of customer relationships.

Rockwell Automation stands at the intersection of the technological and societal trends that are shaping the future of industrial operations. We see converging megatrends including digitization and artificial intelligence, energy transition and sustainability, shifting demographics, and an increased need for resiliency.

We repurchased approximately 1.1 million shares of our common stock under our share repurchase program in the first six months of 2024.

On May 2, 2022, the Board of Directors authorized us to expend an additional $1.0 billion to repurchase shares of our common stock.

In October 2023, we acquired Clearpath Robotics, Inc., including its industrial division OTTO Motors (Clearpath), a company that specializes in autonomous robotics for industrial applications.

Rockwell Automation stands at the intersection of the technological and societal trends that are shaping the future of industrial operations. We see converging megatrends including digitization and artificial intelligence, energy transition and sustainability, shifting demographics, and an increased need for resiliency.

We deliver value by helping our customers optimize production, build resilience, empower people, become more sustainable, and accelerate transformation.

achieve faster secular growth in traditional markets due to customer needs for resiliency (including cybersecurity), agility, sustainability, and mitigating impacts of labor shortages

The IP index increased in the second quarter of 2024 versus the first quarter of 2024 and the fourth quarter of 2023. Manufacturing PMI results improved to above 50 in the second quarter of 2024 for the first time since the fourth quarter of 2022.

Industrial output was mostly higher outside the U.S. in the first and second quarter of 2024 versus the fourth quarter of 2023. Manufacturing PMI readings improved in many countries.

Rockwell Automation, Inc. is the world's largest company dedicated to industrial automation and digital transformation.