Rockwell Automation makes industrial automation hardware and software that manufacturers use to control and monitor production equipment on factory floors, spanning programmable logic controllers, sensors and the software that ties them together. Its products help manufacturers automate repetitive production tasks and monitor equipment performance in real time, technology that becomes more valuable as factories seek to improve efficiency and reduce labor costs. The company has increasingly emphasized software and connected services alongside its traditional automation hardware, aiming to capture recurring subscription revenue rather than relying solely on one-time equipment sales. Rockwell's revenue is closely tied to manufacturing capital spending, so demand for its automation products tends to rise and fall with the broader industrial production and manufacturing investment cycle.