A. O. Smith (AOS) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth reversed a decline seen in the preceding period, while the year-over-year gain was slightly stronger than the sequential improvement.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth reversed a decline seen in the preceding period, while the year-over-year gain was slightly stronger than the sequential improvement.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$988.1M
Revenue reported for this quarter.
Quarter-over-quarter
+5.4%
Change from the immediately preceding quarter.
Year-over-year
+5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
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 |
|---|---|---|
| Mar 31, 2023 | $966.4M | -1.2% |
| Jun 30, 2023 | $960.8M | -0.5% |
| Sep 30, 2023 | $937.5M | +7.2% |
| Dec 31, 2023 | $988.1M | +5.6% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a positive sequential change. Compared with the same quarter one year earlier, revenue also increased, continuing an upward trajectory.
Quarterly comparison
Sequentially, revenue improved after a decline in the prior quarter, while the year-over-year comparison showed a similar magnitude of growth. The trailing twelve-month revenue remained at a level consistent with the annualized run rate.
What to watch
Monitor whether the sequential revenue growth can be sustained in the next quarter, given the prior quarter's decline.