Air Products and Chemicals (APD) Revenue — Quarter Ended Jun 30, 2023
Revenue decreased compared to the prior quarter and the same quarter last year. The decline marks a reversal from the year-over-year increases seen in recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Revenue decreased compared to the prior quarter and the same quarter last year. The decline marks a reversal from the year-over-year increases seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
-5.2%
Change from the immediately preceding quarter.
Year-over-year
-4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$13B
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 | $3.6B | +25.7% |
| Dec 31, 2022 | $3.2B | +6.0% |
| Mar 31, 2023 | $3.2B | +8.7% |
| Jun 30, 2023 | $3B | -4.9% |
Revenue performance
The company reported lower revenue for the quarter, falling short of both the immediately preceding quarter and the year-ago period.
Quarterly comparison
Sequentially, revenue was down from the prior quarter. On an annual basis, revenue also declined compared to the same quarter a year earlier, in contrast to the year-over-year gains in the preceding three quarters.
What to watch
The year-over-year decline after a streak of growth warrants attention to upcoming revenue trends.