IDEX (IEX) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reported quarter decreased. The decline was evident both sequentially and compared with the same period last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reported quarter decreased. The decline was evident both sequentially and compared with the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$793.4M
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
-3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3B
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 | $810.7M | +13.4% |
| Mar 31, 2023 | $845.4M | +12.6% |
| Jun 30, 2023 | $846.2M | +6.3% |
| Sep 30, 2023 | $793.4M | -3.7% |
Revenue performance
The company's top line contracted from the prior quarter, marking a reversal after several consecutive periods of growth.
Quarterly comparison
Sequentially, revenue fell relative to the immediately preceding three-month period. Year over year, revenue also declined compared with the same quarter one year earlier.
What to watch
Monitor whether the revenue decline represents a temporary shift or the start of a sustained trend.