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$ROK *TTN Earnings Call Summary: End demand is not as robust as what we were thinking 3 months ago; Did see some additional project delays; Taking into account order progression through early Aug, now expect organic sales -10% (More at https://t.co/GGXdU3eaB4)
Earnings calls give companies the chance to talk about what they've seen so far in current quarter. From $RXO call: truckload volume down mid-single digits in July from June, high single digits y-o-y. 3Q forecast is brokerage volumes will be up "slightly" sequentially. #trucking https://t.co/2dyWqJ5gOv
$RL Guidance: "For the second quarter, we expect revenues to be up low to mid-single digits in constant currency centered around 3% to 4%, led by our DTC channels. Wholesale is expected to improve sequentially from Q1 as North America sell-in more closely aligns to sell-out… https://t.co/Aqg99Aw42N
Rockwell Automation has revised its financial outlook for fiscal 2024, citing slower-than-expected demand for automation products. The company has lowered its full-year adjusted profit forecast and now anticipates a decline in reported sales by about 8.5%, with inorganic sales expected to fall by 10%. Rockwell's Q3 earnings report showed adjusted earnings per share of $2.71, surpassing the estimated $2.09, while net sales were $2.05 billion, slightly above the expected $2.04 billion. Despite these results, the company has reduced its fiscal 2024 guidance, reflecting ongoing challenges such as weaker consumer demand, high interest rates, and policy uncertainty affecting customer investment plans.