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Rockwell Automation fiscal Q2 profit climbs 11.3% YOY

Rockwell Automation Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.42 per share.

EPS increased 14.7% year over year from $1.11.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $172.8 million, a gain of 11.3% from $155.3 million in the year-earlier period.

The normalized profit margin increased to 11.1% from 9.7% in the year-earlier period.

Total revenue decreased on an annual basis to $1.55 billion from $1.60 billion, and total operating expenses fell 5.8% on an annual basis to $1.26 billion from $1.34 billion.

Reported net income increased 14.4% from the prior-year period to $205.4 million, or $1.51 per share, from $179.5 million, or $1.28 per share.