Rockwell Automation Inc. (NYSE:ROK) Q1 2018 Earnings Conference Call - Final Transcript
Jan 24, 2018 • 08:30 am ET
implies a $0.40 increase compared to our November guidance. The lower tax rate accounts for about $0.35 of this increase and a lower expected share count for the remaining $0.05. The incremental investments Blake referred to in his comments and somewhat unfavorable mix are, for the most part, offset by stronger than expected core performance.
A couple of other items to close. We continue to expect free cash flow conversion to be about 100% and general corporate net is still expected to be about $75 million for the full year.
With that, we'll move to Q&A. Steve?
Before we start the Q&A, I just want to say that we would like to get to as many of you as possible. So please limit yourself to one question and a quick follow-up. Thank you. Operator, let's take our first question.