Johnson Controls International (JCI) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined sharply compared to the prior quarter. However, when measured against the same quarter last year, revenue increased.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q4
Revenue for the quarter declined sharply compared to the prior quarter. However, when measured against the same quarter last year, revenue increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-65.7%
Change from the immediately preceding quarter.
Year-over-year
+18.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.3B
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 | $6.1B | +3.5% |
| Mar 31, 2023 | $6.7B | +9.6% |
| Jun 30, 2023 | $7.1B | +7.8% |
| Sep 30, 2023 | $2.4B | +18.5% |
Revenue performance
The reported revenue decreased significantly from the immediately preceding quarter, marking a reversal from the sequential growth seen in earlier periods of the fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, continuing a pattern of year-over-year growth observed throughout the fiscal year.
What to watch
The sharp sequential drop in revenue warrants attention, particularly given the prior quarters' consistent growth.