Is Rockwell's Growth Automatic?

With companies in a wide range of industries coming out of recession-induced hibernation, major players in industrial automation and process controls are seeing strong recoveries. The latest in that line is Rockwell Automation (NYSE:ROK), which ended its fiscal year with very strong performance and reasonably encouraging guidance for the next 12 months. 

A Strong End to the Year
Rockwell reported overall revenue growth of 26% in its fiscal fourth quarter, and 7% sequential growth. Growth was relatively balanced across the two major segments - the architecture/software business saw 36% year-on-year growth and 4% sequential growth, while the control products and solutions segment posted 20% and 9% growth on an annual and sequential basis, respectively. Growth appeared to be broad-based across sectors, as food/beverage, pharmaceuticals and light machinery all did well and major automakers like Ford (NYSE:F) and General Motors resumed spending. 


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