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by Stephanie Neil, MA Editorial Staff
Posted on Tuesday, November 11, 2008 4:00:01 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The automation vendor manages to grow sales in the final quarter of its fiscal year, but says slow spending will mean smaller revenue totals in fiscal 2009. |
| Keywords: | Rockwell earnings, Rockwell sales, Rockwell quarter |
Rockwell Automation turned in tepid fourth-quarter and more favorable fiscal year-end results on Tuesday, as the company’s chief warned of a tough 2009 that is expected to shrink revenue by 1% to 5% from 2008 levels.
For the fourth quarter, ended Sept. 30, 2008, Rockwell reported net income of $125.6 million ($0.87 per share), down from $165.2 million in the prior-year period, due mainly to a $46.7 million special charge associated with a restructuring effort announced late in September. Fourth-quarter sales increased 8% to $1.48 billion.
For the full year, sales reached $5.68 billion, up 14% from the 2007 total of $5 billion. Income from continuing operations was $577.6 million in 2008, or $3.90 per share. That’s up slightly from the $569.3 million in income from continuing operations reported in 2007.
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