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Industry News
November 14, 2003
Rockwell Reports Q4 and Full-Year 2003 Results
Rockwell Automation Inc. (Milwaukee, WI), a global provider of industrial automation power, control and information solutions, reported fiscal 2003 fourth-quarter net income of $67 million, or $0.35 per share, and full-year 2003 net income of $217 million, or $1.14 per share, excluding the third quarter tax benefit.
Fiscal 2003 fourth-quarter income from continuing operations, which excludes the income from the legal proceeding determination reflected in discontinued operations, was $63 million, or $0.33 per share. This result compares to fiscal 2002 fourth-quarter income from continuing operations and net income of $49 million, or $0.26 per share.
Full-year 2003 income from continuing operations before accounting change was $282 million, or $1.49 per share, compared to $226 million, or $1.20 per share, in 2002. Excluding the income tax benefits in both years, income was $213 million, or $1.12 per share, in 2003 compared to $178 million, or $0.94 per share, in 2002.
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