3M (MMM) Revenue — Quarter Ended Dec 31, 2023
The company's quarterly revenue declined compared to the prior quarter but surged dramatically versus the same quarter a year earlier. This reflects a sharp year-over-year swing despite a slight sequential decrease.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 FY
The company's quarterly revenue declined compared to the prior quarter but surged dramatically versus the same quarter a year earlier. This reflects a sharp year-over-year swing despite a slight sequential decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
-4.3%
Change from the immediately preceding quarter.
Year-over-year
+54463.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.6B
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 | $6.1B | -31.4% |
| Jun 30, 2023 | $6.3B | -27.8% |
| Sep 30, 2023 | $6.3B | -27.3% |
| Dec 31, 2023 | $6B | +54463.6% |
Revenue performance
Revenue for the quarter decreased relative to the immediately preceding three-month period.
Quarterly comparison
Compared with the prior quarter, revenue was lower. Compared with the same quarter last year, revenue showed an extraordinary increase.
What to watch
Monitor the sustainability of the year-over-year revenue surge in future periods.