Emerson Electric (EMR) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter of the previous year. The sequential improvement followed a prior period decline, while the year-ago comparison also showed growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter of the previous year. The sequential improvement followed a prior period decline, while the year-ago comparison also showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+11.4%
Change from the immediately preceding quarter.
Year-over-year
+14.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
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 | $3.5B | -26.2% |
| Sep 30, 2022 | $3.9B | -21.3% |
| Dec 31, 2022 | $3.4B | +6.9% |
| Mar 31, 2023 | $3.8B | +14.1% |
Revenue performance
The reported revenue direction was positive, with increases both sequentially and year over year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue reversed a prior decline and moved higher. When measured against the same quarter one year ago, revenue also advanced.
What to watch
The filing noted a pending acquisition of National Instruments Corporation and a planned majority sale of the Climate Technologies business, both subject to closing conditions.