Al Root

Shares of Rockwell Automation jumped early Monday after the company reported better-than-expected fiscal first-quarter earnings. Orders helped, too.

Monday morning, Rockwell reported adjusted earnings per share of $1.83 from sales of $1.9 billion. Wall Street was looking for earnings of $1.58 per share and sales of $1.9 billion, according to FactSet.

New orders rose 10% year over year. That points to future growth. Quarterly sales fell about 8% year over year.

Bottom-line guidance was maintained. Management still expected EPS to land between $8.60 and $9.80. Wall Street currently projects $9.24. Sales guidance was trimmed to about $8.1 billion from $8.2 billion. Sales are expected to decline about 1% in fiscal year 2025.

The report was enough for investors early on. Shares were up 8% at $290 in premarket trading, while the S&P 500 and Dow Jones Industrial Average futures were up about 0.4% and 0.3%, respectively.

Maintaining guidance isn't always good enough to give shares a boost, but coming into Monday's trading, Rockwell shares had been weak, falling about 6.1% this year and about 5.3% over the past 12 months.

Management will host a conference call at 8:30 a.m. Eastern time to discuss the results. Investors and analysts will be interested in hearing about the outlook for the U.S. manufacturing economy and Rockwell's business.

Write to Al Root at allen.root@dowjones.com

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February 10, 2025 07:59 ET (12:59 GMT)

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