ROCKWELL AUTOMATION INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 12, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K
(Mark One)
For the fiscal year ended September 30, 2024
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from _______ to _______
Commission file number 1-12383
Rockwell Automation, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 25-1797617 | ||
|---|---|---|---|
| (State or other jurisdiction of | (I.R.S. Employer | ||
| incorporation or organization) | Identification No.) | ||
| 1201 South Second Street | Milwaukee | Wisconsin | 53204 |
| (Address of principal executive offices) | (Zip Code) | ||
+1 (414)382-2000
Registrant’s telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| Common Stock ($1.00 par value) | ROK | New York Stock Exchange |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.:
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No☒
The aggregate market value of registrant’s voting stock held by non-affiliates of registrant on March 29, 2024 was approximately $33.2 billion.112,896,809 shares of registrant’s Common Stock, par value $1 per share, were outstanding on October 31, 2024.
DOCUMENTS INCORPORATED BY REFERENCE
Certain information contained in the Proxy Statement for the Annual Meeting of Shareowners of registrant to be held on February 4, 2025, is incorporated by reference into Part III hereof.
| PART I · Page | ||
|---|---|---|
| Item 1. Business | 3 | |
| Item 1A. Risk Factors | 5 | |
| Item 1B. Unresolved Staff Comments | 12 | |
| Item 1C. Cybersecurity | 12 | |
| Item 2. Properties | 13 | |
| Item 3. Legal Proceedings | 13 | |
| Item 4. Mine Safety Disclosures | 14 | |
| Item 4A. Information about our Executive Officers | 14 | |
| PART II | ||
| Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 15 | |
| Item 6. [Reserved] | 17 | |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17 | |
| Item 7A. Quantitative and Qualitative Disclosures About Market Risk | 40 | |
| Item 8. Financial Statements and Supplementary Data | 41 | |
| CONSOLIDATED BALANCE SHEET | 41 | |
| CONSOLIDATED STATEMENT OF OPERATIONS | 42 | |
| CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | 43 | |
| CONSOLIDATED STATEMENT OF CASH FLOWS | 44 | |
| CONSOLIDATED STATEMENT OF SHAREOWNERS’ EQUITY | 45 | |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | 46 | |
| Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 90 | |
| Item 9A. Controls and Procedures | 90 | |
| Item 9B. Other Information | 90 | |
| Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 91 | |
| PART III | ||
| Item 10. Directors, Executive Officers and Corporate Governance | 92 | |
| Item 11. Executive Compensation | 92 | |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 92 | |
| Item 13. Certain Relationships and Related Transactions, and Director Independence | 93 | |
| Item 14. Principal Accountant Fees and Services | 93 | |
| PART IV | ||
| Item 15. Exhibits and Financial Statement Schedules | 94 | |
| SIGNATURES | ||
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