Carrier Global (CARR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased sharply compared to both the immediately preceding quarter and the same quarter one year earlier. The decline was substantial, reflecting a reversal from the prior quarter's growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased sharply compared to both the immediately preceding quarter and the same quarter one year earlier. The decline was substantial, reflecting a reversal from the prior quarter's growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
-50.1%
Change from the immediately preceding quarter.
Year-over-year
-38.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.6B
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 |
|---|---|---|
| Dec 31, 2022 | $2B | -61.6% |
| Mar 31, 2023 | $4.5B | -2.9% |
| Jun 30, 2023 | $6.7B | +29.5% |
| Sep 30, 2023 | $3.4B | -38.2% |
Revenue performance
The reported revenue was lower than the previous quarter and also below the level achieved in the same period last year.
Quarterly comparison
Compared to the preceding quarter, revenue fell significantly, and relative to the same quarter a year ago, it also declined.
What to watch
The large sequential drop warrants attention to underlying demand or seasonal patterns.