Rockwell Automation sales decline 6.4 percent
Rockwell Automation reported fiscal 2016 third quarter sales of $1.47 billion, down 6.4 percent from $1.57 billion in the third quarter of fiscal 2015.
Organic sales declined 4.8 percent, and currency translation reduced sales by 1.8 percent.
Net income of $191 million, or $1.46 per diluted share, compared to income of $206 million, or $1.52, in the third quarter of 2015.
“Sales and earnings trends were broadly in line with our expectations. Sales were down about a point more than we anticipated, as our U.S. and Canada solutions and services businesses experienced some delays in larger projects, particularly in heavy industry end markets," said Blake D. Moret, president and chief executive officer.
Architecture & Software quarterly sales were $666.4 million, a decrease of 2.5 percent compared to $683.5 million in the same period last year.
Control Products & Solutions quarterly sales were $807.6 million, a decrease of 9.4 percent compared to $891.7 million in the same period last year.