Masco (MAS) Revenue — Quarter Ended Sep 30, 2023
Revenue decreased in the quarter compared to both the preceding quarter and the same period a year ago. This marks the third consecutive quarter of year-over-year contraction based on the data provided.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue decreased in the quarter compared to both the preceding quarter and the same period a year ago. This marks the third consecutive quarter of year-over-year contraction based on the data provided.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-7.0%
Change from the immediately preceding quarter.
Year-over-year
-10.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8B
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 | $1.9B | -4.9% |
| Mar 31, 2023 | $2B | -10.1% |
| Jun 30, 2023 | $2.1B | -9.6% |
| Sep 30, 2023 | $2B | -10.2% |
Revenue performance
While revenue declined both sequentially and annually, the sequential decrease was less severe than the year-over-year drop. The trend suggests a possible moderation in the pace of decline.
Quarterly comparison
Compared to the immediately prior quarter, revenue contracted. When measured against the same quarter one year earlier, the decline was more pronounced.
What to watch
The persistence of revenue declines across multiple quarters merits attention in future reports.