Ingersoll Rand (IR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter rose compared to the immediately preceding quarter and also increased versus the same period one year earlier. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter rose compared to the immediately preceding quarter and also increased versus the same period one year earlier. The sequential growth was modest, while the year-over-year gain was more pronounced.
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
+3.1%
Change from the immediately preceding quarter.
Year-over-year
+14.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
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 | $1.6B | +14.4% |
| Mar 31, 2023 | $1.6B | +21.9% |
| Jun 30, 2023 | $1.7B | +17.1% |
| Sep 30, 2023 | $1.7B | +14.7% |
Revenue performance
The company reported higher revenue for the quarter, continuing the upward trend seen in recent periods. The increase from the prior quarter was driven by ongoing business execution.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Relative to the same quarter one year earlier, revenue also showed a solid increase.
What to watch
Monitor whether the pace of year-over-year revenue growth can be sustained in upcoming quarters.