Fortive (FTV) Revenue — Quarter Ended Mar 29, 2024
Revenue increased compared to the immediately preceding quarter, but declined relative to the same quarter a year earlier. The sequential growth reversed a prior period decline.
Key takeaway
Quarter ended Mar 29, 2024 · FY2024 Q1
Revenue increased compared to the immediately preceding quarter, but declined relative to the same quarter a year earlier. The sequential growth reversed a prior period decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$984.2M
Revenue reported for this quarter.
Quarter-over-quarter
+273.4%
Change from the immediately preceding quarter.
Year-over-year
-32.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.4B
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 | $1.5B | +4.3% |
| Sep 29, 2023 | $1.5B | +2.6% |
| Dec 31, 2023 | -$567.7M | -137.1% |
| Mar 29, 2024 | $984.2M | -32.6% |
Revenue performance
The reported quarter's revenue rose sequentially, marking a strong rebound from the preceding quarter's negative figure. However, compared to the same quarter last year, revenue was lower.
Quarterly comparison
The sequential improvement contrasts with the year-over-year contraction, suggesting a recovery in recent months but an overall decline from a year ago.
What to watch
Monitor whether the revenue growth trajectory can sustain beyond the current quarter.