MILWAUKEE–(BUSINESS WIRE)–The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today
authorized the company to expend up to an additional $1 billion to
repurchase shares of Rockwell Automation common stock. This is in
addition to the authorization on January 15, 2018, to repurchase $1
billion worth of common stock, of which approximately $245 million was
remaining as of September 5, 2018.
“Our Connected Enterprise strategy generates strong, sustainable cash
flow,” said Blake D. Moret, Rockwell Automation chairman, and CEO. “This
enables us to balance business reinvestment and strategic acquisitions
with a return of cash to shareowners. In the last five fiscal years, we
returned over $4 billion, or 87 percent of free cash flow, to
shareowners through dividends and share repurchases. We have a long
record of returning excess cash to shareowners, and we remain committed
Rockwell Automation, Inc. (NYSE: ROK) is the world’s largest company
focused on industrial automation and information, dedicated to making
our customers more productive and the world more sustainable.
Headquartered in Milwaukee, Wis., Rockwell Automation employs
approximately 22,000 people serving customers in more than 80 countries.
Rockwell Automation, Inc.