Emerson Electric (EMR) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased year over year, with a slight sequential rise. The company reported that the growth was supported by the acquisition of National Instruments and underlying sales gains.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue for the quarter increased year over year, with a slight sequential rise. The company reported that the growth was supported by the acquisition of National Instruments and underlying sales gains.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+22.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.9B
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 |
|---|---|---|
| Mar 31, 2023 | $3.8B | +14.1% |
| Jun 30, 2023 | $3.9B | +13.9% |
| Sep 30, 2023 | $4.1B | +5.1% |
| Dec 31, 2023 | $4.1B | +22.1% |
Revenue performance
The reported revenue direction is upward compared to both the prior quarter and the same quarter last year. The year-over-year increase was substantial, while the sequential change was modest.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was slightly higher. Compared to the same quarter one year ago, revenue was significantly higher.
What to watch
The extent to which the acquisition-driven growth offsets any softening in underlying demand will be important to monitor.