Johnson Controls International (JCI) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the same quarter last year. The sequential change from the immediately preceding quarter showed a significant increase.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue for the quarter declined compared to the same quarter last year. The sequential change from the immediately preceding quarter showed a significant increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
+113.1%
Change from the immediately preceding quarter.
Year-over-year
-14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.5B
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 |
|---|---|---|
| Mar 31, 2023 | $6.7B | +9.6% |
| Jun 30, 2023 | $7.1B | +7.8% |
| Sep 30, 2023 | $2.4B | +18.5% |
| Dec 31, 2023 | $5.2B | -14.2% |
Revenue performance
The reported revenue decreased relative to the same period one year earlier. The sequential comparison with the prior quarter reflected a substantial rise.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased sharply. Versus the same quarter one year ago, revenue was lower.
What to watch
The sequential revenue jump contrasts with the year-over-year decline, warranting attention to underlying trends.