Rockwell Automation, Inc. (NYSE:ROK) Q3 2024 Earnings Conference Call August 7, 2024 8:30 AM ET

Company Participants

Aijana Zellner - Head of IR
Blake Moret - Chairman and CEO
Nick Gangestad - CFO

Conference Call Participants

Scott Davis - Melius Research
Andy Kaplowitz - Citigroup
Jeff Sprague - Vertical Research
David Ridley-Lane - Bank of America
Nigel Coe - Wolfe Research
Julian Mitchell - Barclays
Noah Kaye - Oppenheimer
Steve Tusa - JPMorgan
Joe Ritchie - Goldman Sachs
Joe O'Dea - Wells Fargo

Operator

Thank you for holding, and welcome to Rockwell Automation's Quarterly Conference Call. I need to remind everyone that today's conference call is being recorded. Later in the call, we will open up the lines for questions. [Operator Instruction]

At this time, I would like to turn the call over to Aijana Zellner, Head of Investor Relations and Market Strategy. Ms. Zellner, please go ahead.

Aijana Zellner

Thank you, Julianne. Good morning, and thank you for joining us for Rockwell Automation's third quarter fiscal 2024 earnings release conference call. With me today is Blake Moret, our Chairman and CEO; and Nick Gangestad, our CFO. Our results were released earlier this morning, and the press release and charts have been posted to our website.

Both the press release and charts include, and our call today will reference, non-GAAP measures. Both the press release and charts include reconciliations of these non-GAAP measures. A webcast of this call will be available on our website for replay for the next 30 days. For your convenience, a transcript of our prepared remarks will also be available on our website at the conclusion of today's call.

Before we get started, I need to remind you that our comments will include statements related to the expected future results of our company and are therefore forward-looking statements. Our actual results may differ materially from our projections due to a wide range of risks and uncertainties that are described in our earnings release and detailed in all our SEC filings.

And with that, I'll hand it over to Blake.

Blake Moret

Thanks, Aijana. And good morning, everyone. Thank you for joining us today. Before we turn to our third quarter results, I'll make some initial comments. As we saw in Q2, operational performance continued to be strong in our third quarter, but order growth continued to ramp at a slower than expected pace. Our accelerated actions to bring costs in line with the lower outlook on current year orders contributed to the strong margin performance in the quarter, and we are well into the more comprehensive program to expand margins introduced during our Investor Day last November.