Rockwell Automation, Inc. - 2002 Specimen Stock Certificate - Specimen Stocks & for Sale

Rockwell Automation, Inc. - 2002 Specimen Stock Certificate - Specimen Stocks & For Sale

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Rockwell Automation, Inc. - 2002 Specimen Stock Certificate - Specimen Stocks & :
$70.00

Specimen Stock printed by American Bank Note Company. Incorporated in 1996. Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies. Brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 people and has customers in more than 100 countries worldwide. The Fortune 500 company reported global sales at $7.8 billion for the fiscal year 2022. Rockwell Automation began in 1903 as the Compression Rheostat Launch Company. It was founded by Lynde Bradley and Dr. Stanton Allen with an initial investment of $1000. In 1904, 19-year-old Harry Bradley joined his brother in the business. The company's first patented product was a carbon disc compression-type motor controller for industrial cranes. The crane controller was demonstrated at the St. Louis World's Fair in 1904. In 1909, the company was renamed the Allen-Bradley Company. Allen-Bradley expanded rapidly during World War I in response to government-contracted work. Its product line grew to include automatic starters, switches, circuit breakers, relays, and other electric equipment. In 1914, Fred Loock established the company's first sales office in New York. Upon co-founder Stanton Allen's death in 1916, Lynde Bradley became president. Harry Bradley was appointed vice president and attorney Louis Quarles was named corporate secretary. During the 1920s, the company grew its miniature rheostat business to support the burgeoning radio industry. By the middle of the decade, nearly 50 percent of the company's sales were attributed to the radio department. The year 1929 closed with record company sales of $3 million. By 1932, at the start of the Great Depression, the company was posting record losses. It reduced its workforce from 800 to 550 and cut wages by 50%, replacing employees' lost wages with preferred stock, which it eventually bought back at 6% interest. Throughout this period, Lynde Bradley supported an aggressive research and development approach intended to "develop the company out of the Depression." Lynde Bradley's R&D strategy was successful. By 1937, Allen-Bradley employment had rebounded to pre-Depression levels and company sales reached an all-time high of nearly $4 million. Read more at Item ordered may not be exact piece shown. All original and authentic.