Air Products and Chemicals (APD) Revenue — Quarter Ended Mar 31, 2024
Revenue declined compared to both the prior quarter and the same quarter last year. The decrease was more pronounced on an annual basis than sequentially.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q2
Revenue declined compared to both the prior quarter and the same quarter last year. The decrease was more pronounced on an annual basis than sequentially.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-2.2%
Change from the immediately preceding quarter.
Year-over-year
-8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.2B
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 | $3B | -4.9% |
| Sep 30, 2023 | $3.2B | -10.6% |
| Dec 31, 2023 | $3B | -5.6% |
| Mar 31, 2024 | $2.9B | -8.4% |
Revenue performance
The reported revenue for the quarter was lower than the preceding quarter, continuing a downward trend observed over recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased slightly. Relative to the same quarter one year earlier, the decline was larger.
What to watch
Monitor whether the year-over-year revenue decline stabilizes or deepens in upcoming quarters.