Industrial Automation Quarterly Earnings – Q1 2021
First-quarter earnings across our Industrial Automation coverage were strong across the board as many of the businesses bounced back after the outbreak of COVID-19. Specifically, PTC and Cognex grew at over 20% compared to last year.
Overall, management teams feel strong going into the second quarter as companies continue to move past COVID-19 headwinds and experience an uptick in demand. Additionally, many companies believe that the transition to Industry 4.0 will continue to be a high priority throughout the industry. Companies will look to use cash on hand to invest in IT and innovation throughout 2021.