AMETEK (AME) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined from the prior quarter but increased compared to the same quarter a year ago. The trailing twelve-month revenue remained consistent with recent levels.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined from the prior quarter but increased compared to the same quarter a year ago. The trailing twelve-month revenue remained consistent with recent levels.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
-1.8%
Change from the immediately preceding quarter.
Year-over-year
+9.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.5B | +9.2% |
| Sep 30, 2022 | $1.6B | +7.7% |
| Dec 31, 2022 | $1.6B | n/a |
| Mar 31, 2023 | $1.6B | +9.5% |
Revenue performance
Revenue decreased slightly from the immediately preceding quarter, while rising compared to the same quarter one year earlier.
Quarterly comparison
The sequential decline contrasts with the year-over-year increase, reflecting a mixed trend between the two comparison periods.
What to watch
Cash provided by operating activities improved compared to the same period last year, supported by better working capital management.