Rockwell Sees FX Boosting Sales More Than Previously Thought -- Currency Comment

By Paulo Trevisani

Rockwell Automation Inc. said Tuesday that foreign exchange is likely to boost full 2021 fiscal-year sales more than previously expected.

The Milwaukee-based supplier of industrial technology with operations around the globe now expects currency translation to increase sales by 2.5%, up from 2% in previous estimates.

In the updated guidance, sales are forecast to increase by 12% in the year ending Sept. 30 compared to 9% to 12% in a previous outlook.

Rockwell said sales were up 32.6% in the fiscal quarter ended June 30 from a year earlier, to $1.8 billion. It said forex rates increased sales by 5.1% in the period.

During that quarter, the WSJ Dollar Index was down 0.7%.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

July 27, 2021 10:29 ET (14:29 GMT)

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