Rockwell Automation Inc. (NYSE:ROK) Q1 2018 Earnings Conference Call - Final Transcript

Jan 24, 2018 • 08:30 am ET

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Rockwell Automation Inc. (NYSE:ROK) Q1 2018 Earnings Conference Call - Final Transcript

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Executive
Patrick Goris

now expect average fully diluted shares outstanding to be about 128.4 million for fiscal '18.

We are increasing adjusted EPS guidance range to $7.60 to $7.90. At the mid-point, this 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?

Executive
Steven W. Etzel

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 to one question and a quick follow up. Thank you. Operator, let's take our first question.