Rockwell Earnings Drop 77% YTY in 3Q

Rockwell Automation, Milwaukee, had a tough third quarter and according to a Reuters report. CEO Keith Nosbusch said the automation giant's initial fiscal 2010 profit forecast in a wide range that called for anything from an 11 percent rebound to a ...
Nov. 9, 2009
Rockwell Automation, Milwaukee, had a tough third quarter and according to a Reuters report. CEO Keith Nosbusch said the automation giant's initial fiscal 2010 profit forecast in a wide range that called for anything from an 11 percent rebound to a 19 percent drop. According to that report he told analysts on a conference call, "At this point, we would characterize business conditions as stable, but at demand levels well below the peak of the cycle. We expect a recovery, but no one knows what the shape of the recovery will be."

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Jim Lucy Blog

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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.