IDEX (IEX) Revenue — Quarter Ended Mar 31, 2024
Revenue for the current quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The trailing twelve-month revenue stood at a level lower than the prior year's comparable period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the current quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The trailing twelve-month revenue stood at a level lower than the prior year's comparable period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$800.5M
Revenue reported for this quarter.
Quarter-over-quarter
+1.5%
Change from the immediately preceding quarter.
Year-over-year
-5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.2B
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 | $846.2M | +6.3% |
| Sep 30, 2023 | $793.4M | -3.7% |
| Dec 31, 2023 | $788.9M | -2.7% |
| Mar 31, 2024 | $800.5M | -5.3% |
Revenue performance
The reported revenue direction is upward versus the prior quarter, reversing a two-quarter sequential decline. However, the year-over-year comparison shows a contraction.
Quarterly comparison
Compared with the preceding quarter, revenue rose, marking the first sequential gain in the last three quarters. Relative to the same quarter one year earlier, revenue was lower, reflecting a persistent year-over-year decline.
What to watch
The company's forward-looking statements reference expectations regarding market sector conditions and inventory recalibration, which may influence future revenue trends.