AMETEK (AME) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential gain was modest, while the year-over-year rise was more pronounced.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential gain was modest, while the year-over-year rise was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+0.3%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
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, 2023 | $1.6B | +8.7% |
| Sep 30, 2023 | $1.6B | +4.6% |
| Dec 31, 2023 | $1.7B | +6.5% |
| Mar 31, 2024 | $1.7B | +8.7% |
Revenue performance
The reported revenue direction was upward, with a slight sequential improvement and a stronger year-over-year increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue edged higher. Compared with the same quarter one year earlier, revenue showed a solid increase.
What to watch
The filing context highlights higher operating cash flow and EBITDA, but no causal link to revenue is provided.