Mettler-Toledo International (MTD) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter decreased moderately from the prior quarter and fell significantly from the same quarter last year, reflecting a continued downward trend late in the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter decreased moderately from the prior quarter and fell significantly from the same quarter last year, reflecting a continued downward trend late in the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$935M
Revenue reported for this quarter.
Quarter-over-quarter
-0.8%
Change from the immediately preceding quarter.
Year-over-year
-11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
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 |
|---|---|---|
| Mar 31, 2023 | $928.7M | +15.5% |
| Jun 30, 2023 | $982.1M | +21.6% |
| Sep 30, 2023 | $942.5M | -4.4% |
| Dec 31, 2023 | $935M | -11.6% |
Revenue performance
The reported revenue was lower than both the immediately preceding and year-ago periods, marking the second consecutive quarterly decline following earlier growth.
Quarterly comparison
Compared to the preceding quarter, revenue edged lower, while the year-over-year comparison showed a pronounced contraction.
What to watch
Monitor whether the sequential decline accelerates or stabilizes in upcoming quarters.