Carrier Global (CARR) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose sharply from the immediately preceding period but fell slightly compared with the same quarter one year earlier. The sequential increase reversed a steep decline in the prior quarter, while the year-over-year decline reflects a modest contraction.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose sharply from the immediately preceding period but fell slightly compared with the same quarter one year earlier. The sequential increase reversed a steep decline in the prior quarter, while the year-over-year decline reflects a modest contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
+129.1%
Change from the immediately preceding quarter.
Year-over-year
-2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.2B
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, 2022 | $5.2B | -4.2% |
| Sep 30, 2022 | $5.5B | +2.1% |
| Dec 31, 2022 | $2B | -61.6% |
| Mar 31, 2023 | $4.5B | -2.9% |
Revenue performance
The reported revenue increased significantly from the prior quarter, recovering from a substantial drop. However, it was lower than the same period a year ago, indicating a year-over-year decline.
Quarterly comparison
Compared with the immediately preceding quarter, revenue showed a strong rebound. Relative to the same quarter one year earlier, revenue was slightly lower.
What to watch
Monitor whether the sequential revenue volatility persists in upcoming quarters.