2Adjusted EPS is a non-GAAP earnings measure that excludes non-operating pension and postretirement benefit (cost) credit, net income (loss) attributable to noncontrolling interests, gains and losses on investments, and valuation adjustments related to the registration of PTC Shares, including their respective tax effects. See "Other Supplemental Information - Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate" section for more information regarding non-operating pension and postretirement benefit (cost) credit and a reconciliation to GAAP measures.
ROCKWELL AUTOMATION, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (in millions) |
||||||||
|
|
Three Months Ended
|
||||||
|
|
2019 |
|
2018 |
||||
Sales (a) |
|
$ |
1,684.5 |
|
|
$ |
1,642.3 |
|
Cost of sales |
|
(981.6 |
) |
|
(903.6 |
) |
||
Gross profit (b) |
|
702.9 |
|
|
738.7 |
|
||
Selling, general and administrative expenses (c) |
|
(403.2 |
) |
|
(386.7 |
) |
||
Change in fair value of investments1 |
|
71.0 |
|
|
(212.7 |
) |
||
Other income (expense) |
|
(9.7 |
) |
|
2.2 |
|
||
Interest expense |
|
(26.4 |
) |
|
(20.7 |
) |
||
Income before income taxes |
|
334.6 |
|
|
120.8 |
|
||
Income tax provision2 |
|
(19.2 |
) |
|
(40.5 |
) |
||
Net income |
|
315.4 |
|
|
80.3 |
|
||
Net income attributable to noncontrolling interests |
|
4.7 |
|
|
— |
|
||
| Net income attributable to Rockwell Automation, Inc. |
|
$ |
310.7 |
|
|
$ |
80.3 |
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
||||
| Gross profit as percent of sales (b/a) |
|
41.7 |
% |
|
45.0 |
% |
||
| SG&A as percent of sales (c/a) |
|
23.9 |
% |
|
23.5 |
% |
||
