Fortive (FTV) Revenue — Quarter Ended Dec 31, 2023
Fortive reported a negative revenue for the quarter, representing a significant decline from the prior quarter and the same period a year ago. This marks a sharp reversal from the positive revenue trends observed earlier in the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Fortive reported a negative revenue for the quarter, representing a significant decline from the prior quarter and the same period a year ago. This marks a sharp reversal from the positive revenue trends observed earlier in the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$567.7M
Revenue reported for this quarter.
Quarter-over-quarter
-138.0%
Change from the immediately preceding quarter.
Year-over-year
-137.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
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 | $1.5B | +6.1% |
| Jun 30, 2023 | $1.5B | +4.3% |
| Sep 29, 2023 | $1.5B | +2.6% |
| Dec 31, 2023 | -$567.7M | -137.1% |
Revenue performance
Revenue for the quarter turned negative, reflecting a substantial decrease compared with both the preceding quarter and the year-ago quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell steeply, and compared to the same quarter one year earlier, it also experienced a large decline. The trailing twelve-month revenue remained positive.
What to watch
The shift to negative revenue warrants attention for any underlying causes disclosed in future filings.