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Rockwell Automation fiscal Q1 profit climbs 8.7% YOY

Rockwell Automation Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2016, came to $1.24 per share, compared with the S&P Capital IQ consensus estimate of $1.45 per share.

EPS rose 11.2% year over year from $1.12.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $161.0 million, a gain of 8.7% from $148.1 million in the prior-year period.

The normalized profit margin climbed to 10.8% from 10.4% in the year-earlier period.

Total revenue increased on an annual basis to $1.49 billion from $1.43 billion, and total operating expenses climbed on an annual basis to $1.22 billion from $1.17 billion.

Reported net income grew 15.3% on an annual basis to $214.0 million, or $1.65 per share, from $185.6 million, or $1.40 per share.