Rockwell CEO: Disappointing Asia led to cut in sales forecast
Rockwell Automation Inc. cut its performance outlook for the year slightly after sales in the Asia-Pacific region disappointed for the second consecutive quarter.
Not including acquisitions and divestitures, sales fell 9 percent in that region last quarter, which was a surprise for company leaders, Rockwell chairman and CEO Keith Nosbusch told me at the time. Asia-Pacific organic sales fell 18 percent year-over-year in the second quarter, Nosbusch said Wednesday.
Net sales for Rockwell (NYSE: ROK),Ã¢;Â€Â¦;