Ingersoll Rand (IR) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared to the prior quarter and also increased relative to the same quarter a year ago. The sequential improvement reversed a decline in the preceding period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared to the prior quarter and also increased relative to the same quarter a year ago. The sequential improvement reversed a decline in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+8.1%
Change from the immediately preceding quarter.
Year-over-year
+7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$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 |
|---|---|---|
| Sep 30, 2023 | $1.7B | +14.7% |
| Dec 31, 2023 | $1.8B | +12.2% |
| Mar 31, 2024 | $1.7B | +2.5% |
| Jun 30, 2024 | $1.8B | +7.0% |
Revenue performance
The reported revenue was higher than the immediately preceding quarter, marking a rebound from the prior period's decrease. Compared with the same quarter one year earlier, revenue also showed growth.
Quarterly comparison
When measured against the prior quarter, revenue increased, while the trailing twelve-month revenue remained at a similar level. The year-over-year comparison also reflected a positive change.
What to watch
The company's liquidity position, including cash and credit availability, may warrant monitoring given the shift in revenue trends.