Page 36 - Oil&Gas-AustralAsia-2015-Issue-5
P. 36
S INGAPORE
unfavourable currency effects and US$81.0 million in fiscal 2014. • Macroeconomic factors, including
increased research and development The Adjusted Effective Tax Rate for the global and regional business conditions,
project spending. fourth quarter of fiscal 2015 was 28.2 the availability and cost of capital, com-
Architecture & Software fiscal 2015 sales per cent compared to 27.0 per cent in modity prices, the cyclical nature of our
were US$2,749.5 million, a decrease of the fourth quarter of 2014. The Adjusted customers’ capital spending, sovereign
3.4 per cent from US$2,845.3 million Effective Tax Rate for the full fiscal year debt concerns and currency exchange
last year. Fiscal 2015 organic sales were 2015 was 27.0 per cent compared to 27.5 rates;
up 3.1 per cent, and currency translation per cent in fiscal 2014. • Laws, regulations and governmental
reduced sales by 6.6 per cent. Segment The effective tax rate for the fourth policies affecting our activities in the
operating earnings were US$808.6 mil- quarter of fiscal 2015 was 27.8 per cent countries where we do business;
lion in fiscal 2015 compared to US$839.6 compared to 26.6 per cent in the fourth • The successful development of
million in fiscal 2014. Segment operating quarter of 2014. The effective tax rate for advanced technologies and demand
margin was 29.4 per cent in fiscal 2015 the full fiscal year 2015 was 26.6 per cent for and market acceptance of new and
compared to 29.5 per cent in fiscal 2014. compared to 27.1 per cent in fiscal 2014. existing products;
CCoonnttrroollPPrroodduuccttss&&SSoolulutitoinons sfiscal During the fourth quarter of fiscal 2015, • The availability, effectiveness and
2015 fourth quarter sales were US$923.6 the Company repurchased 1.8 million security of our information technology
million, a decrease of 10.7 per cent from shares of its common stock at a cost of systems;
US$1,034.4 million in the same period US$196.5 million. During fiscal year • Competitive products, solutions and
last year. Organic sales decreased 3.6 per 2015, the Company repurchased 5.4 mil- services and pricing pressures, and our
cent, and currency translation reduced lion shares of its common stock at a cost ability to provide high quality products,
sales by 7.2 per cent. Segment operat- of US$606.2 million. As of 30 September solutions and services;
ing earnings decreased 8.5 per cent to 2015, US$445.2 million remained avail- • A disruption of our business due to
US$149.3 million in the fourth quarter able under the existing share repurchase natural disasters, pandemics, acts of war,
of fiscal 2015 compared to US $163.1 authorisation. strikes, terrorism, social unrest or other
million in the fourth quarter of fiscal Today the Board of Directors declared causes;
2014. Segment operating margin was a quarterly dividend of 72.5 cents per • Our ability to manage and mitigate the
16.2 per cent in the fourth quarter of share on the company’s common stock, risk related to security vulnerabilities
fiscal 2015, compared to 15.8 per cent a payable on 10 December 2015 to share- and breaches of our products, solutions
year ago. owners of record at the close of business and services;
Control Products & Solutions fiscal on 23 November 2015. • Intellectual property infringement
2015 sales were US$3,558.4 million, a Organic sales, total segment operat- claims by others and the ability to pro-
decrease of 5.8 per cent from US$3,778.2 ing earnings, total segment operating tect our intellectual property;
million last year. Organic sales decreased margin, Adjusted Income, Adjusted EPS, • The uncertainty of claims by taxing
0.4 per cent, and currency translation Adjusted Effective Tax Rate, free cash authorities in the various jurisdictions
reduced sales by 5.6 per cent. Seg- flow and return on invested capital are where we do business;
ment operating earnings increased to non-GAAP measures that are reconciled • Our ability to attract and retain quali-
US$551.9 million in fiscal 2015 com- to GAAP measures in the attachments to fied personnel;
pared to US$512.4 million in fiscal 2014. this release. • Our ability to manage costs related
Despite lower sales, segment operating to employee retirement and healthcare
margin was 15.5 per cent in fiscal 2015 CAocnofnefreernenceceCcaallll to discuss our finan- benefits;
compared to 13.6 per cent a year ago, cial results took place on Tuesday, 10 • The uncertainties of litigation, includ-
primarily due to very strong productivity. November 2015. The call and related ing liabilities related to the safety and
FOrteheecraIsnhffolormwawtiaosnUS$308.5 million in financial charts are accessible via the security of the products, solutions and
the fourth quarter of fiscal 2015. Cash Rockwell Automation website (http:// services we sell;
flow provided by operating activities was www.rockwellautomation.com/investors/). • Our ability to manage and mitigate the
US$348.0 million in the fourth quarter This news release contains statements risks associated with our solutions and
of fiscal 2015. Full fiscal year 2015 free (including certain projections and busi- services businesses;
cash flow was US$1,077.2 million, 124 ness trends) that are “forward-looking • A disruption of our distribution channels;
per cent of Adjusted Income. Cash flow statements” as defined in the Private • The availability and price of compo-
provided by operating activities for the Securities Litigation Reform Act of 1995. nents and materials;
full fiscal year 2015 was US$1,187.7 Words such as “believe”, “estimate”, “pro- • The successful integration and man-
million. Return on invested capital was ject”, “plan”, “expect”, “anticipate”, “will”, agement of acquired businesses;
32.6 per cent. “intend” and other similar expressions • The successful execution of our cost
Fiscal 2015 fourth quarter general cor- may identify forward-looking state- productivity and globalisation initia-
porate net expense was US$19.5 million ments. Actual results may differ mate- tives; and
compared to US$22.3 million in the rially from those projected as a result of • Other risks and uncertainties, includ-
fourth quarter of 2014. General corpo- certain risks and uncertainties, many of ing but not limited to those detailed
rate net expense was US$85.6 million which are beyond our control, including from time to time in our Securities and
for the full fiscal year 2015 compared to but not limited to: Exchange Commission (SEC) filings.
These forward-looking statements reflect
our beliefs as of the date of filing this
release. We undertake no obligation to
update or revise any forward-looking
statement, whether as a result of new
information, future events or otherwise.§
A A34 OIL & GAS ustral SIA NOVEMBER/DECEMBER 2015 www.oilandgasaustralasia.com
unfavourable currency effects and US$81.0 million in fiscal 2014. • Macroeconomic factors, including
increased research and development The Adjusted Effective Tax Rate for the global and regional business conditions,
project spending. fourth quarter of fiscal 2015 was 28.2 the availability and cost of capital, com-
Architecture & Software fiscal 2015 sales per cent compared to 27.0 per cent in modity prices, the cyclical nature of our
were US$2,749.5 million, a decrease of the fourth quarter of 2014. The Adjusted customers’ capital spending, sovereign
3.4 per cent from US$2,845.3 million Effective Tax Rate for the full fiscal year debt concerns and currency exchange
last year. Fiscal 2015 organic sales were 2015 was 27.0 per cent compared to 27.5 rates;
up 3.1 per cent, and currency translation per cent in fiscal 2014. • Laws, regulations and governmental
reduced sales by 6.6 per cent. Segment The effective tax rate for the fourth policies affecting our activities in the
operating earnings were US$808.6 mil- quarter of fiscal 2015 was 27.8 per cent countries where we do business;
lion in fiscal 2015 compared to US$839.6 compared to 26.6 per cent in the fourth • The successful development of
million in fiscal 2014. Segment operating quarter of 2014. The effective tax rate for advanced technologies and demand
margin was 29.4 per cent in fiscal 2015 the full fiscal year 2015 was 26.6 per cent for and market acceptance of new and
compared to 29.5 per cent in fiscal 2014. compared to 27.1 per cent in fiscal 2014. existing products;
CCoonnttrroollPPrroodduuccttss&&SSoolulutitoinons sfiscal During the fourth quarter of fiscal 2015, • The availability, effectiveness and
2015 fourth quarter sales were US$923.6 the Company repurchased 1.8 million security of our information technology
million, a decrease of 10.7 per cent from shares of its common stock at a cost of systems;
US$1,034.4 million in the same period US$196.5 million. During fiscal year • Competitive products, solutions and
last year. Organic sales decreased 3.6 per 2015, the Company repurchased 5.4 mil- services and pricing pressures, and our
cent, and currency translation reduced lion shares of its common stock at a cost ability to provide high quality products,
sales by 7.2 per cent. Segment operat- of US$606.2 million. As of 30 September solutions and services;
ing earnings decreased 8.5 per cent to 2015, US$445.2 million remained avail- • A disruption of our business due to
US$149.3 million in the fourth quarter able under the existing share repurchase natural disasters, pandemics, acts of war,
of fiscal 2015 compared to US $163.1 authorisation. strikes, terrorism, social unrest or other
million in the fourth quarter of fiscal Today the Board of Directors declared causes;
2014. Segment operating margin was a quarterly dividend of 72.5 cents per • Our ability to manage and mitigate the
16.2 per cent in the fourth quarter of share on the company’s common stock, risk related to security vulnerabilities
fiscal 2015, compared to 15.8 per cent a payable on 10 December 2015 to share- and breaches of our products, solutions
year ago. owners of record at the close of business and services;
Control Products & Solutions fiscal on 23 November 2015. • Intellectual property infringement
2015 sales were US$3,558.4 million, a Organic sales, total segment operat- claims by others and the ability to pro-
decrease of 5.8 per cent from US$3,778.2 ing earnings, total segment operating tect our intellectual property;
million last year. Organic sales decreased margin, Adjusted Income, Adjusted EPS, • The uncertainty of claims by taxing
0.4 per cent, and currency translation Adjusted Effective Tax Rate, free cash authorities in the various jurisdictions
reduced sales by 5.6 per cent. Seg- flow and return on invested capital are where we do business;
ment operating earnings increased to non-GAAP measures that are reconciled • Our ability to attract and retain quali-
US$551.9 million in fiscal 2015 com- to GAAP measures in the attachments to fied personnel;
pared to US$512.4 million in fiscal 2014. this release. • Our ability to manage costs related
Despite lower sales, segment operating to employee retirement and healthcare
margin was 15.5 per cent in fiscal 2015 CAocnofnefreernenceceCcaallll to discuss our finan- benefits;
compared to 13.6 per cent a year ago, cial results took place on Tuesday, 10 • The uncertainties of litigation, includ-
primarily due to very strong productivity. November 2015. The call and related ing liabilities related to the safety and
FOrteheecraIsnhffolormwawtiaosnUS$308.5 million in financial charts are accessible via the security of the products, solutions and
the fourth quarter of fiscal 2015. Cash Rockwell Automation website (http:// services we sell;
flow provided by operating activities was www.rockwellautomation.com/investors/). • Our ability to manage and mitigate the
US$348.0 million in the fourth quarter This news release contains statements risks associated with our solutions and
of fiscal 2015. Full fiscal year 2015 free (including certain projections and busi- services businesses;
cash flow was US$1,077.2 million, 124 ness trends) that are “forward-looking • A disruption of our distribution channels;
per cent of Adjusted Income. Cash flow statements” as defined in the Private • The availability and price of compo-
provided by operating activities for the Securities Litigation Reform Act of 1995. nents and materials;
full fiscal year 2015 was US$1,187.7 Words such as “believe”, “estimate”, “pro- • The successful integration and man-
million. Return on invested capital was ject”, “plan”, “expect”, “anticipate”, “will”, agement of acquired businesses;
32.6 per cent. “intend” and other similar expressions • The successful execution of our cost
Fiscal 2015 fourth quarter general cor- may identify forward-looking state- productivity and globalisation initia-
porate net expense was US$19.5 million ments. Actual results may differ mate- tives; and
compared to US$22.3 million in the rially from those projected as a result of • Other risks and uncertainties, includ-
fourth quarter of 2014. General corpo- certain risks and uncertainties, many of ing but not limited to those detailed
rate net expense was US$85.6 million which are beyond our control, including from time to time in our Securities and
for the full fiscal year 2015 compared to but not limited to: Exchange Commission (SEC) filings.
These forward-looking statements reflect
our beliefs as of the date of filing this
release. We undertake no obligation to
update or revise any forward-looking
statement, whether as a result of new
information, future events or otherwise.§
A A34 OIL & GAS ustral SIA NOVEMBER/DECEMBER 2015 www.oilandgasaustralasia.com
