Eaton (ETN) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter moved higher, continuing a stretch of growth. The pace of expansion remained solid compared to both the prior quarter and the same period a year ago.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter moved higher, continuing a stretch of growth. The pace of expansion remained solid compared to both the prior quarter and the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.9B
Revenue reported for this quarter.
Quarter-over-quarter
+7.0%
Change from the immediately preceding quarter.
Year-over-year
+12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$22B
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 |
|---|---|---|
| Sep 30, 2022 | $5.3B | +7.9% |
| Dec 31, 2022 | $5.4B | +12.2% |
| Mar 31, 2023 | $5.5B | +13.2% |
| Jun 30, 2023 | $5.9B | +12.5% |
Revenue performance
Net sales increased from the immediately preceding quarter. The reported figure also rose against the same quarter one year earlier.
Quarterly comparison
Compared with the prior three-month period, revenue was higher. On a year-over-year basis, the current quarter also exceeded the comparable prior-year period.
What to watch
Operating expenses grew at a faster rate than net sales in the current quarter versus the prior year period.