Honeywell International (HON) Revenue — Quarter Ended Dec 31, 2023
Revenue for this reporting quarter declined sharply compared to both the immediately preceding quarter and the same quarter a year earlier. The decline from the prior quarter continues a reversal of the growth trend seen in the first three quarters of the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for this reporting quarter declined sharply compared to both the immediately preceding quarter and the same quarter a year earlier. The decline from the prior quarter continues a reversal of the growth trend seen in the first three quarters of the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.8B
Revenue reported for this quarter.
Quarter-over-quarter
-37.2%
Change from the immediately preceding quarter.
Year-over-year
-37.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$33B
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 | $8.9B | +5.8% |
| Jun 30, 2023 | $9.1B | +2.2% |
| Sep 30, 2023 | $9.2B | +2.9% |
| Dec 31, 2023 | $5.8B | -37.0% |
Revenue performance
Reported revenue for the quarter came in lower, marking a significant downturn from the prior three-month period.
Quarterly comparison
When compared with the immediately preceding quarter, revenue fell sharply, and it was also notably lower than in the same quarter one year earlier.
What to watch
The swing from sequential growth in earlier quarters to a steep decline in this quarter may warrant close attention to underlying segment drivers.