Rockwell Automation Raises Second Quarter EPS Outlook

MILWAUKEE--March 24, 2004--Rockwell Automation, Inc. President and CEO Keith Nosbusch will be presenting at the Prudential Securities "Inside Our Best Ideas" Conference today in Napa Valley, Calif. The company will provide an update of current conditions indicating that revenues in its fiscal second quarter are expected to be up approximately 3 percent versus last year, excluding the effect of currency. The company is raising its expectations for second quarter diluted EPS to a range of 37 to 39 cents.

Revenues remain on track for organic growth in Fiscal 2004 of 4 percent to 6 percent, excluding the effect of currency. Full-year diluted EPS from continuing operations is now expected to be in the range of $1.40 to $1.45, excluding the tax benefit reported in the first quarter.

The presentation slides will be available on the company's website at 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(R) motors and drives, and Rockwell Software(R) factory management software. The company also is a 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 20,000 people serving customers in more than 80 countries.