Industrials
Specialty Industrial Machinery
$32.48B
27K
Rockwell Automation is the world's largest company dedicated to industrial automation and digital transformation. They provide hardware, software, and services to help customers optimize production and build resilient, sustainable operations. The company operates in over 100 countries, serving discrete, hybrid, and process end markets.
Key insights and themes extracted from this filing
The 10-K reports that sales in fiscal year 2024 decreased by 9% compared to 2023, and organic sales decreased by 10%. This indicates a contraction in the company's revenue generation, excluding the impact of acquisitions.
The 10-K states that total annual recurring revenue at September 30, 2024, grew approximately 16 percent compared to September 30, 2023. This indicates a growing stream of predictable revenue.
The 10-K reports that income before income taxes decreased to $1,099.1 million in 2024 from $1,608.5 million in 2023. This indicates a significant decline in profitability.
The 10-K states that acquisitions increased sales by 1 percentage point. This indicates a contribution to revenue from inorganic growth initiatives.
The 10-K reports restructuring charges of $97.4 million in fiscal 2024, which relate to actions in conjunction with an enterprise-wide comprehensive program to optimize cost structure and expand margins. This suggests a strategic shift towards efficiency.
The 10-K states that we expect capital expenditures in 2025 to be approximately $250 million. This indicates continued investment in the company's infrastructure and operations.
The 10-K states that financial results depend on the successful execution of our business operating plans, including current and future cost productivity and margin expansion initiatives. This highlights the importance of management's ability to execute on strategic initiatives.
The 10-K states that we monitor employee retention and attrition rates by demographic factors including by gender, ethnicity, generation, years of service, career role, region, business, and function. This indicates a focus on workforce management and diversity.
The 10-K states that we offer employee assistance and work life benefits to all global employees. This indicates a focus on employee well-being and work-life balance.
The 10-K states that we are subject to macroeconomic cycles and when recessions occur, we may experience reduced, canceled or delayed orders, payment delays or defaults, supply chain disruptions, or other adverse events as a result of the economic challenges faced by our customers, prospective customers, and suppliers.
The 10-K states that we rely heavily on technology in our commercial product offerings for use in our customers' manufacturing environment, and in our enterprise infrastructure. Despite the implementation of security measures, our systems are vulnerable to unauthorized access by nation states, hackers, cyber-criminals, malicious insiders, and other actors who may engage in fraud, theft of confidential or proprietary information, or sabotage.
The 10-K states that legislative and regulatory action, including those related to corporate income taxes, the environment, materials, products, certification, and labeling, privacy, cybersecurity, or climate change, may be taken in the jurisdictions where we operate that may affect our business activities or may otherwise increase our costs to do business.
The 10-K states that we face strong competition in all of our market segments in several significant respects. We compete based on breadth and scope of our hardware and software product portfolio and solution and service offerings, technology differentiation, the domain expertise of our employees and partners, product performance, quality of our hardware and software products, solutions, and services, knowledge of integrated systems and applications that address our customers' business challenges, pricing, delivery, and customer service.
The 10-K states that we seek to maintain competitive pricing levels across and within geographic markets by continually developing advanced technologies for new hardware and software products and product enhancements and offering complete solutions for our customers' business problems. This indicates a focus on innovation and value delivery.
The 10-K states that we have developed a powerful partner ecosystem that acts as an amplifier to our internal capabilities and enables us to serve our customers' evolving needs around the world. This suggests a strong network effect and expanded reach.
The 10-K states that financial results depend on the successful execution of our business operating plans, including current and future cost productivity and margin expansion initiatives. This highlights the importance of operational efficiency for financial performance.
The 10-K states that we continuously pursue alignment of costs with business and economic conditions. This indicates a proactive approach to cost management.
The 10-K lists specific areas targeted for productivity improvements, indicating a comprehensive approach to cost reduction.
The 10-K states that our integrated control and information architecture, with Logix at its core, is an important differentiator. This highlights the importance of proprietary technology.
The 10-K states that we are the only automation provider that can support many production disciplines, including discrete, process, batch, safety, security, motion, robotics, and power control, in a single hardware and software environment, helping customers increase the speed of deployment and reduce their total cost of ownership. This indicates a unique value proposition.
The 10-K states that our open architecture and strong partner ecosystem allow customers to work with best-in-class partners across the technology stack and leverage existing infrastructure with new solutions. This highlights the importance of interoperability and collaboration.
The 10-K states that we repurchased approximately 2.2 million shares of our common stock under our share repurchase program in 2024 at a total cost of $594.2 million and an average cost of $272.97 per share. This indicates a return of capital to shareholders.
The 10-K states that we expect capital expenditures in 2025 to be approximately $250 million. This indicates continued investment in the company's infrastructure and operations.
The 10-K states that cash dividends declared to shareowners were $572.8 million in 2024 ($5.00 per common share), $544.0 million in 2023 ($4.72 per common share), and $520.8 million in 2022 ($4.48 per common share). This indicates a consistent return of capital to shareholders.
The 10-K states that our 2023 Sustainability Report highlights our sustainability strategy and outcomes. This indicates a commitment to ESG reporting.
The 10-K lists the three sustainability priorities, indicating a structured approach to ESG.
The 10-K states that we make the safety and health of our employees a top priority. This indicates a focus on employee well-being.
The 10-K states that in 2024, sales in the U.S. accounted for over half of our total sales. This indicates a significant reliance on the U.S. market.
The 10-K states that industrial output outside the U.S. was mixed in the fourth quarter of fiscal 2024. This indicates varying economic conditions in international markets.
The 10-K states that Manufacturing PMI readings outside the U.S were also mixed with results reported above and below 50 and readings improving in some countries during the quarter and softening in others. This indicates varying economic conditions in international markets.