Fortive (FTV) Revenue — Quarter Ended Sep 29, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a period of year-over-year growth.
Key takeaway
Quarter ended Sep 29, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a period of year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-2.1%
Change from the immediately preceding quarter.
Year-over-year
+2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$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, 2022 | $1.5B | +11.3% |
| Mar 31, 2023 | $1.5B | +6.1% |
| Jun 30, 2023 | $1.5B | +4.3% |
| Sep 29, 2023 | $1.5B | +2.6% |
Revenue performance
Revenue moved lower from the prior quarter while outperforming the year-ago period. The current quarter's result reflects a softening versus the preceding three months.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted. Relative to the same quarter one year earlier, revenue expanded.
What to watch
The sequential revenue decrease may signal a shift in momentum and bears close observation in future reporting periods.