Rockwell Automation reported higher profit and revenue in the fourth quarter, and laid out its targets for fiscal 2027.
The industrial automation and digital software company on Thursday said net income jumped to $346 million, or $3.11 a share, from $138 million, or $1.23 a share, in the same quarter a year ago.
In the fourth quarter, Rockwell received $103 million in tariff refunds, and $5 million of related interest. It also approved a refund program to customers that covered tariff-related price increases.
Adjusted earnings were $3.88 a share. According to FactSet, analysts were expecting $3.69 a share.
Sales rose slightly to $2.33 billion, from $2.32 billion, shy of analyst forecasts for a rise to $2.41 billion. While organic sales increased 3% in the quarter, divestitures decreased sales by 2%.
With the final quarter of fiscal 2026 behind it, the company laid out its targets for fiscal 2027. Rockwell expects sales growth of between 4.5% and 7.5%, with organic sales growing between 6% and 9%.
Analysts expect revenue of $9.59 billion in fiscal 2027, which would represent a 6.7% increase over fiscal 2026.
Earnings per share are pegged at $13.78 to $14.78. On an adjusted basis, fiscal 2027 earnings per share are expected to come in between $14.50 and $15.50.
Analysts expect adjusted earnings of $14.90 a share for fiscal 2027.
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