Eaton (ETN) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to the same quarter last year but decreased from the immediately preceding quarter. The year-over-year growth reflects continued demand, while the sequential decline indicates a seasonal or cyclical pullback.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased compared to the same quarter last year but decreased from the immediately preceding quarter. The year-over-year growth reflects continued demand, while the sequential decline indicates a seasonal or cyclical pullback.
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
-0.4%
Change from the immediately preceding quarter.
Year-over-year
+8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.7B
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, 2023 | $5.9B | +12.5% |
| Sep 30, 2023 | $5.9B | +10.7% |
| Dec 31, 2023 | $6B | +10.8% |
| Mar 31, 2024 | $5.9B | +8.4% |
Revenue performance
Quarterly revenue was higher than the year-ago period, marking a positive year-over-year performance. However, it slipped from the prior quarter's level, showing a modest sequential contraction.
Quarterly comparison
Compared with the prior quarter, revenue edged lower, reversing the growth trend seen in earlier quarters. In contrast, revenue was up from the same quarter a year earlier, continuing a pattern of year-over-year expansion.
What to watch
Monitor whether the sequential decline is temporary or signals a broader slowdown, especially given the flat revenue trajectory over the past year.