Rockwell Automation Reports Third Quarter 2019 Results

1Included in change in fair value of investments in the nine months ending June 30, 2019 is a $173.8 million loss on investments and a $33.7 million gain due to the reversal of valuation adjustments related to the registration of PTC securities.

2We entered into treasury locks to manage the potential change in interest rates in anticipation of the issuance of $1.0 billion of fixed rate debt in March 2019. As a result of the changes in the interest rates on the treasury locks between the time we entered into the agreements and the time we priced and issued the debt securities, the Company made a payment of $35.7 million to the counterparty on March 1, 2019.

ROCKWELL AUTOMATION, INC.
OTHER SUPPLEMENTAL INFORMATION
(in millions)

Organic Sales

We translate sales of subsidiaries operating outside of the United States using exchange rates effective during the respective period. Therefore, changes in currency exchange rates affect our reported sales. Sales by acquired businesses also affect our reported sales. We believe that organic sales, defined as sales excluding the effects of changes in currency exchange rates and acquisitions, which is a non-GAAP financial measure, provides useful information to investors because it reflects regional and operating segment performance from the activities of our businesses without the effect of changes in currency exchange rates and acquisitions. We use organic sales as one measure to monitor and evaluate our regional and operating segment performance. We determine the effect of changes in currency exchange rates by translating the respective period’s sales using the same currency exchange rates that were in effect during the prior year. When we acquire businesses, we exclude sales in the current period for which there are no comparable sales in the prior period. When we divest a business, we exclude sales in the prior period for which there are no comparable sales in the current period. Organic sales growth is calculated by comparing organic sales to reported sales in the prior year, excluding divestitures. We attribute sales to the geographic regions based on the country of destination.

The following is a reconciliation of reported sales to organic sales for the three and nine months ended June 30, 2019 compared to sales for the three and nine months ended June 30, 2018:

 

 

Three Months Ended June 30,

 

 

2019

 

2018

 

 

Sales

 

Effect of

Changes in

Currency

 

Sales

Excluding

Effect of

Changes in

Currency

 

Effect of

Acquisitions

 

Organic

Sales

 

Sales

 

Effect of
Divestitures

 

Sales
Excluding
Divestitures

North America

 

$

1,008.0

 

 

$

3.8

 

 

$

1,011.8

 

 

$

(0.5

)

 

$

1,011.3

 

 

$

1,013.7

 

 

$

 

 

$

1,013.7

 

EMEA

 

307.9

 

 

21.7

 

 

329.6

 

 

(0.2

)

 

329.4

 

 

322.2

 

 

 

 

322.2

 

Asia Pacific

 

232.7

 

 

13.1

 

 

245.8

 

 

(0.1

)

 

245.7

 

 

248.5

 

 

 

 

248.5

 

Latin America

 

116.5

 

 

5.0

 

 

121.5

 

 

 

 

121.5

 

 

114.3

 

 

 

 

114.3

 

Total

 

$

1,665.1

 

 

$

43.6

 

 

$

1,708.7

 

 

$

(0.8

)

 

$

1,707.9

 

 

$

1,698.7

 

 

$

 

 

$

1,698.7

 

 

 

Nine Months Ended June 30,

 

 

2019

 

2018

 

 

Sales

 

Effect of

Changes in

Currency

 

Sales

Excluding

Effect of

Changes in

Currency

 

Effect of

Acquisitions

 

Organic

Sales

 

Sales

 

Effect of
Divestitures

 

Sales
Excluding
Divestitures

North America

 

$

2,993.9

 

 

$

12.9

 

 

$

3,006.8

 

 

$

(0.8

)

 

$

3,006.0

 

 

$

2,931.4

 

 

$

 

 

$

2,931.4

 

EMEA

 

933.4

 

 

61.0

 

 

994.4

 

 

(0.3

)

 

994.1

 

 

970.2

 

 

 

 

970.2

 

Asia Pacific

 

661.8

 

 

34.5

 

 

696.3

 

 

(0.2

)

 

696.1

 

 

681.9

 

 

 

 

681.9

 

Latin America

 

375.5

 

 

23.9

 

 

399.4

 

 

 

 

399.4

 

 

353.0

 

 

 

 

353.0

 

Total

 

$

4,964.6

 

 

$

132.3

 

 

$

5,096.9

 

 

$

(1.3

)

 

$

5,095.6

 

 

$

4,936.5

 

 

$

 

 

$

4,936.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »



Review Article Be the first to review this article

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Design Engineer - Tilt Up and Bracing for Commercial Metals Company at Dallas, Texas
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Electrical Engineer for Lockheed Martin at Liverpool, New York
Detailing/ PM Manager for Commercial Metals Company at Dallas, Texas
Upcoming Events
PLM Road Map & PDT Spring 2021 at 3909 Research Park Drive Ann Arbor MI - May 19 - 20, 2021
TCT ASIA 2021 at National Exhibition and Convention Centre(NECC) Shanghai China - May 26 - 28, 2021
RAPID + TCT at McCormick Place Chicago IL - Sep 13 - 15, 2021
WESTEC Online at Online CA - Sep 21 - 23, 2021
Kenesto: 30 day trial
MasterCAM



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise