Rockwell Automation (NYSE: ROK) is struggling, due to persistent supply chain issues and sluggish demand. Shares of the industrial tech company traded down 15% as of 2 p.m. ET on Wednesday after the company reported disappointing results and trimmed guidance.

Rockwell is a provider of industrial automation and digital tools that help make warehouses and other facilities more efficient. These are important tools for customers looking to trim costs but also not must-have expenditures at times when industrial customers are worried about the economy.

The macro climate appeared to take its toll on Rockwell Automation in its most recent quarter. The company reported earnings of $2.04 per share in its fiscal first quarter ending Dec. 31 on revenue of $2.05 billion, missing estimates of $2.64 per share on $2.1 billion in revenue. Revenue was up 3.6% year over year, including the impact of acquisitions, but profits and margins were down across the board, in part due to lingering supply chain disruptions.

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Source Fool.com