April 25, 2013

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),â;€¦;

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