$ROK has released its Q4 earnings, revealing a 21% decline in sales year-over-year, signaling ongoing challenges in the market. While annual recurring revenue grew by 16% and represents 10% of total revenue, risks remain due to unfavorable market conditions and excess inventory. Key highlights include a segment margin of 20.1% and adjusted EPS at $2.47. Looking ahead, Rockwell anticipates flat orders in Q1 with sales down high single digits due to seasonal factors. Opportunities exist as they focus on cost-cutting and efficiency improvements.