Pentair (PNR) Revenue — Quarter Ended Dec 31, 2023
Revenue declined in the quarter, marking a decrease from both the prior quarter and the same period a year earlier. The trailing twelve-month revenue remained substantial despite the recent downturns.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined in the quarter, marking a decrease from both the prior quarter and the same period a year earlier. The trailing twelve-month revenue remained substantial despite the recent downturns.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$984.6M
Revenue reported for this quarter.
Quarter-over-quarter
-2.4%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
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 |
|---|---|---|
| Mar 31, 2023 | $1B | +2.9% |
| Jun 30, 2023 | $1.1B | +1.7% |
| Sep 30, 2023 | $1B | -4.4% |
| Dec 31, 2023 | $984.6M | -1.8% |
Revenue performance
The reported revenue fell compared to the immediately preceding quarter, reflecting a continued slowing trend.
Quarterly comparison
When measured against the same quarter in the prior year, revenue also posted a decline, amplifying the headwinds faced in the current period.
What to watch
The trajectory of revenue performance will be an important aspect to follow in upcoming quarters.