AMETEK (AME) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the quarter compared to both the prior quarter and the same quarter last year. The company's liquidity discussion noted improved working capital management and higher net income.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the quarter compared to both the prior quarter and the same quarter last year. The company's liquidity discussion noted improved working capital management and higher net income.
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
+3.1%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.4B
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 |
|---|---|---|
| Sep 30, 2022 | $1.6B | +7.7% |
| Dec 31, 2022 | $1.6B | n/a |
| Mar 31, 2023 | $1.6B | +9.5% |
| Jun 30, 2023 | $1.6B | +8.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter. It also grew compared to the same period one year earlier.
Quarterly comparison
The sequential increase was smaller than the year-over-year gain. The trailing twelve-month revenue was in line with the annualized revenue for the quarter.
What to watch
The filing context highlighted improved working capital management, which may continue to influence financial results.