AMETEK (AME) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined slightly from the immediately preceding quarter but rose compared to the same period one year earlier. The company's top line has remained relatively stable near a consistent level over the past several quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined slightly from the immediately preceding quarter but rose compared to the same period one year earlier. The company's top line has remained relatively stable near a consistent level over the past several quarters.
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
-1.4%
Change from the immediately preceding quarter.
Year-over-year
+4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Dec 31, 2022 | $1.6B | n/a |
| Mar 31, 2023 | $1.6B | +9.5% |
| Jun 30, 2023 | $1.6B | +8.7% |
| Sep 30, 2023 | $1.6B | +4.6% |
Revenue performance
The reported revenue decreased sequentially, reflecting a modest pullback from the prior quarter's level, while the year-over-year comparison showed a gain. The trailing twelve-month revenue figure underscores the flat overall trajectory.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower, marking a reversal of the prior sequential growth. However, versus the same quarter one year earlier, revenue was higher, indicating continued year-over-year expansion.
What to watch
Cash provided by operating activities for the first nine months of the year increased significantly, driven by improved working capital management and higher net income, as noted in the filing.