Eaton (ETN) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter showed a slight sequential decline but rose compared with the same period last year. The modest dip from the prior quarter contrasts with the solid year-over-year gain.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter showed a slight sequential decline but rose compared with the same period last year. The modest dip from the prior quarter contrasts with the solid year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
-0.1%
Change from the immediately preceding quarter.
Year-over-year
+7.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.6B
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, 2023 | $6B | +10.8% |
| Mar 31, 2024 | $5.9B | +8.4% |
| Jun 30, 2024 | $6.4B | +8.3% |
| Sep 30, 2024 | $6.3B | +7.9% |
Revenue performance
Reported revenue declined fractionally from the immediately preceding quarter. Excluding the sequential comparison, the top line improved versus the same quarter one year earlier.
Quarterly comparison
Compared with the prior quarter, revenue edged lower. Relative to the same quarter a year ago, revenue was higher, continuing the pattern of year-over-year increases seen in recent quarters.
What to watch
Given the marginal sequential decline after several quarters of growth, monitor whether this trend stabilizes or accelerates in the upcoming quarter.