Rockwell Automation increased its top and bottom-line outlook for its 2023 fiscal year, citing a gradual improvement in supply chains.

The Milwaukee-based maker of automation equipment and software now expects its reported sales to increase between 10% and 14% for the year, up from an expected 7.5% to 11.5% increase at the start of the fiscal year.

The higher level of growth amounts to nearly $200 million in additional revenue and would give the company almost $8.7 billion in sales for the year.

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