Pentair (PNR) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the quarter compared to both the immediately preceding period and the same quarter a year earlier. The decrease followed several quarters of sequential growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the quarter compared to both the immediately preceding period and the same quarter a year earlier. The decrease followed several quarters of sequential growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-6.8%
Change from the immediately preceding quarter.
Year-over-year
-4.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
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 | $1B | +1.4% |
| Mar 31, 2023 | $1B | +2.9% |
| Jun 30, 2023 | $1.1B | +1.7% |
| Sep 30, 2023 | $1B | -4.4% |
Revenue performance
Net sales fell versus the prior quarter and also dropped compared to the same three-month period one year ago.
Quarterly comparison
The sequential decline reversed the upward trend seen in earlier quarters of the fiscal year. On an annual basis, the revenue was also below the level reported in the corresponding quarter of the prior year.
What to watch
Monitor whether the sequential decline reflects a seasonal pattern or a shift in end-market demand.