Rockwell Automation (ROK) Q4 FY2021 earnings: revenue $1.8 billion, up 15.1% on the year

Rockwell Automation, Inc. (ROK) reported revenue of $1.8 billion for Q4 FY2021, the quarter ended 30 September 2021, up 15.1% on the same quarter a year earlier. Net income was $78 million, down 70.1% on the year, and diluted earnings per share $0.66. The figures are the company's own, from the 10-K it filed with the SEC on 9 November 2021.

Revenue

$1.8 billion

+15.1% on the year · -2.2% on the quarter

Q1 FY2020Q4 FY2021

Operating margin

n/a

Q1 FY2020Q4 FY2021

Net income

$78 million

-70.1% on the year · -71.1% on the quarter

Q1 FY2020Q4 FY2021

Diluted EPS

$0.66

-70.7% on the year · -71.6% on the quarter

Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ million	Q4 FY2021	Q3 FY2021	Q4 FY2020	On the quarter	On the year
Revenue	1,808	1,848	1,570	-2.2%	+15.1%
Cost of revenue	1,088	n/a	n/a
Gross profit	719	n/a	n/a
Gross margin	39.8%	n/a	n/a
Selling, general and administrative	447	n/a	n/a
Interest expense	26.3	n/a	n/a
Pre-tax income	4.3	n/a	n/a
Income tax	-70.3	n/a	n/a
Effective tax rate	-1634.9%	n/a	n/a
Net income	78.5	271	263	-71.1%	-70.1%
Net margin	4.3%	n/a	n/a
Diluted EPS	$0.66	$2.32	$2.25	-71.6%	-70.7%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2021	Q3 FY2021	Q4 FY2020	On the quarter	On the year
Operating cash flow	204	n/a	n/a
Capital expenditure	43.7	n/a	n/a
Free cash flow	160	n/a	n/a
Free cash flow margin	8.9%	n/a	n/a
Cash from investing	-2,254	n/a	n/a
Cash from financing	1,801	n/a	n/a
Depreciation and amortisation	54.1	45.8	45.0	+18.1%	+20.2%
Share-based compensation	13.8	n/a	n/a
Buybacks	61.2	n/a	n/a
Dividends paid	124	n/a	n/a
Diluted shares, weighted	117m	117m	n/a	+0.1%
Shares outstanding at period end	116m	116m	116m	-0.0%	-0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2021	Q3 FY2021	Q4 FY2020	On the quarter	On the year
Shareholders' equity	2,390	2,270	1,028	+5.3%	+132.5%
Non-controlling interest	304	n/a	n/a
Debt	3,974	2,002	1,999	+98.5%	+98.8%
Operating lease liabilities	314	n/a	n/a
Other liabilities	3,720	n/a	n/a
Total liabilities and equity	10,702	n/a	n/a
Fixed assets	582	n/a	n/a
Goodwill	3,626	n/a	n/a
Intangible assets	1,022	n/a	n/a
Investments	1,364	n/a	n/a
Cash and equivalents	662	914	705	-27.5%	-6.0%
Receivables	1,424	n/a	n/a
Inventory	798	n/a	n/a
Other assets	1,223	n/a	n/a
Total assets	10,702	n/a	n/a

Questions

What was Rockwell Automation's revenue in Q4 FY2021?

Rockwell Automation (ROK) reported revenue of $1.8 billion for Q4 FY2021, the quarter ended 30 September 2021, up 15.1% on the same quarter a year earlier.

How much did Rockwell Automation earn in Q4 FY2021?

Net income for Q4 FY2021 was $78 million, down 70.1% on the year, and diluted earnings per share $0.66.

When did Rockwell Automation report Q4 FY2021 results?

Rockwell Automation filed its 10-K for the year that ended with the quarter on 9 November 2021; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025 †	Q2 FY2025 †	Q3 FY2025 †	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,808	1,857	1,808	1,969	2,126	1,981	2,275	2,239	2,563	2,052	2,126	2,051	2,036	1,881	2,001	2,144	2,316	2,105	2,239	2,313
Cost of revenue	1,088	1,108	1,144	1,166	1,240	1,167	1,343	1,323	1,507	1,258	1,293	1,256	1,265	1,003	1,029	1,098	1,196	1,089	1,114	1,169
Gross profit	719	749	664	802	886	814	932	915	1,056	795	833	795	771	878	972	1,046	1,120	1,016	1,125	1,144
Gross margin	40%	40%	37%	41%	42%	41%	41%	41%	41%	39%	39%	39%	38%	47%	49%	49%	48%	48%	50%	49%
R&D	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	156	162	170	191	172	180	173
SG&A	447	448	428	442	449	470	501	501	552	514	501	501	487	476	469	498	471	478	478	490
Operating income	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	321	408	454	520	435	530	550
Operating margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	17%	20%	21%	22%	21%	24%	24%
Interest expense	26.3	29.6	30.1	30.8	32.7	34.1	35.8	34.4	31.0	33.3	39.2	41.0	41.1	39.0	39.0	41.0	37.0	32.0	36.0	33.0
Pre-tax income	4.3	282	41.1	344	406	468	351	472	317	260	310	255	274	213	299	342	63.0	342	440	470
Tax rate	-1635%	15%	-20%	14%	17%	19%	16%	15%	35%	18%	14%	9%	13%	16%	17%	14%	52%	12%	20%	13%
Net income	78.5	242	53.9	298	339	384	300	400	303	215	266	232	239	184	252	295	138	305	350	408
Net margin	4%	13%	3%	15%	16%	19%	13%	18%	12%	10%	13%	11%	12%	10%	13%	14%	6%	14%	16%	18%
Diluted EPS	$0.66	$2.05	$0.46	$2.55	$2.91	$3.31	$2.59	$3.45	$2.61	$1.86	$2.31	$2.02	$2.09	$1.61	$2.22	$2.60	$1.23	$2.69	$3.10	$3.65
Operating cash flow	204	-12.0	90.8	345	399	66.3	187	282	840	33.0	120	279	432	364	199	527	454	234	320	724
Capital expenditure	43.7	37.1	44.9	18.3	40.8	24.2	31.5	41.6	63.2	67.9	51.2	40.7	64.9	71.0	28.0	38.0	49.0	64.0	45.0	70.0
Free cash flow	160	-49.1	45.9	327	359	42.1	156	240	776	-34.9	68.6	238	367	293	171	489	405	170	275	654
Buybacks	61.2	49.8	1.4	167	82.8	157	38.4	61.9	54.4	120	193	163	118	100	132	124	69.0	153	446	155
Dividends paid	124	130	130	130	129	136	136	136	136	144	143	142	142	149	148	147	147	156	153	155
Shares outstanding	116m	116m	116m	115m	115m	115m	115m	115m	115m	115m	114m	113m	113m	113m	113m	112m	112m	112m	111m	111m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 30 September 2021, filed 9 November 2021: the filing.