$2.24 billion in Q1 revenue marked an 11.9% year-on-year increase for Rockwell Automation, with results topping analyst forecasts and standing out within the industrial IoT group.
Rockwell delivered the peer set’s biggest estimate beat, fastest revenue growth and highest full-year guidance raise, while also surpassing organic revenue and EBITDA expectations.
ROK shares have climbed 18.3% since the earnings release to $473.50, even as the six IoT stocks tracked in the report fell 4% on average after results.
Across the group, revenues beat consensus by 1.8%, but next-quarter guidance ran 1.3% below expectations, underscoring Rockwell’s relative strength in a mixed quarter for IoT names.