Johnson Controls International (JCI) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the reporting quarter compared to the prior quarter. The growth was also positive when measured against the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Revenue increased in the reporting quarter compared to the prior quarter. The growth was also positive when measured against the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.1B
Revenue reported for this quarter.
Quarter-over-quarter
+6.7%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$22B
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 | $2.1B | -67.7% |
| Dec 31, 2022 | $6.1B | +3.5% |
| Mar 31, 2023 | $6.7B | +9.6% |
| Jun 30, 2023 | $7.1B | +7.8% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. This quarter's result also exceeded the level achieved in the same quarter of the prior year.
Quarterly comparison
Compared with the prior quarter, revenue showed an increase. Versus the same quarter one year ago, revenue was also higher.
What to watch
The filing context notes an increase in working capital driven by higher accounts receivable and inventory, partly due to seasonality and softer residential demand.