Fortive (FTV) Revenue — Quarter Ended Sep 27, 2024
Revenue turned negative in the quarter, a sharp reversal from the positive performance in the prior period. Compared to the same quarter a year earlier, revenue also declined substantially.
Key takeaway
Quarter ended Sep 27, 2024 · FY2024 Q3
Revenue turned negative in the quarter, a sharp reversal from the positive performance in the prior period. Compared to the same quarter a year earlier, revenue also declined substantially.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$68.8M
Revenue reported for this quarter.
Quarter-over-quarter
-103.3%
Change from the immediately preceding quarter.
Year-over-year
-104.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.4B
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 |
|---|---|---|
| Dec 31, 2023 | -$567.7M | -137.1% |
| Mar 29, 2024 | $984.2M | -32.6% |
| Jun 28, 2024 | $2.1B | +37.1% |
| Sep 27, 2024 | -$68.8M | -104.6% |
Revenue performance
The company reported a loss in revenue, contrasting with the positive revenue in the immediately preceding quarter. This represents a significant downturn from the prior period.
Quarterly comparison
Revenue was also lower than the same quarter one year ago, continuing a trend of deterioration from that period.
What to watch
Future revenue trends will be closely watched for signs of recovery or further decline.