Rockwell Automation Raises Earnings Estimate

    MILWAUKEE--Jan. 9, 2003--Rockwell Automation, Inc. , a leading global provider of industrial automation power, control and information solutions, raised its earnings estimate for the first quarter Fiscal 2003, which ended December 31, 2002, to a range of 21 to 22 cents per share, up from the previous estimate of 16 to 18 cents. This improvement in earnings is the result of higher than expected sales in December across the Control Systems business.
    The company will report its first quarter Fiscal 2003 financial results January 21, and a conference call will be held at 11:00 a.m. Eastern Time on that day. The call will also be webcast via the Rockwell Automation website (www.rockwellautomation.com).

    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(TM) 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, Wis., 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.