Ingersoll Rand (IR) Revenue — Quarter Ended Jun 30, 2023
Revenue in the latest quarter rose compared to both the prior quarter and the year-ago period. The sequential increase was modest, while the year-over-year gain was more substantial.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue in the latest quarter rose compared to both the prior quarter and the year-ago period. The sequential increase was modest, while the year-over-year gain was more substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+17.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Sep 30, 2022 | $1.5B | +14.4% |
| Dec 31, 2022 | $1.6B | +14.4% |
| Mar 31, 2023 | $1.6B | +21.9% |
| Jun 30, 2023 | $1.7B | +17.1% |
Revenue performance
The reported revenue reflects an upward trajectory, supported by continued demand.
Quarterly comparison
Compared to the immediately preceding quarter, revenue advanced by a modest margin. On a year-over-year basis, the growth was stronger than the sequential pace.
What to watch
The year-over-year growth rate has moderated relative to the prior quarter's annual comparison.