Rockwell Automation Reaffirms Outlook for Fiscal Year 2003

    MILWAUKEE--Dec. 5, 2002--Rockwell Automation , a leading global provider of industrial automation power, control and information solutions, will review its key business strategies and outlook for fiscal 2003 at its Securities Analysts meeting today in New York.
    The company will reaffirm that it expects full year 2003 earnings per share to be in the range of $1.05 to $1.15. Based on the results to date for the quarter, the company's earnings per share expectations for the first fiscal quarter remain in the range of 16 to 18 cents.
    The meeting will be webcast on the Rockwell Automation website www.rockwellautomation.com beginning at 12:30 p.m. Eastern Standard Time on Dec. 5, 2002.
    Rockwell Automation, Inc. is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley(R) controls and services, Dodge(R) mechanical power transmission products, Reliance Electric(R) motors and drives, and Rockwell Software(R) factory management software. The company also is a leading provider of contact management technologies and applications that help companies more efficiently manage interaction with their own customers. Headquartered in Milwaukee, Wisconsin, the company employs about 22,000 people serving customers in more than 80 countries.

    This news release contains statements (including certain projections and business trends) accompanied by such phrases as "believes," "estimates," "expect(s)," "anticipates," "will," "intends" and other similar expressions, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to economic and political changes in international markets where the company competes, such as currency exchange rates, inflation rates, recession, foreign ownership restrictions and other external factors over which the company has no control; demand for the market acceptance of new and existing products, including levels of capital spending in industrial markets; successful development of advanced technologies; competitive product and pricing pressures; future terrorist attacks; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.