(Reuters) -Rockwell Automation topped fourth-quarter estimates for profit and revenue on Thursday, helped by cost cuts and sustained demand for automation, sending its shares up about 5% in premarket trading.
Demand for automation has remained strong from companies revamping their factory floors to help offset labor shortages.
U.S. President Donald Trump’s tariffs have hit companies across sectors. Rockwell in May said that it would offset the tariff hit by streamlining its pricing and supply chain.
Peer Emerson Electric posted weaker-than-expected fourth-quarter revenue on Wednesday, after lower margins from its automation unit weighed on earnings.
Rockwell on Thursday also said that it would dissolve Sensia, its joint venture with SLB, and assume ownership of the process automation unit that originally contributed to the business.
On an adjusted basis, Rockwell earned $3.34 per share for the quarter through September, compared with estimates of $2.93 per share, according to data compiled by LSEG.
Its overall quarterly revenue rose about 14% to $2.32 billion, topping estimates of $2.2 billion.
(Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel)
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