Sector: Industrials|Industry: Specialty Industrial Machinery|Market Cap: $32.48B|Employees: 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.
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.