Rockwell Automation (ROK) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined sharply from the immediately preceding quarter, reflecting a significant sequential downturn. However, compared to the same quarter one year earlier, revenue showed a modest increase.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue for the quarter declined sharply from the immediately preceding quarter, reflecting a significant sequential downturn. However, compared to the same quarter one year earlier, revenue showed a modest increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
-19.9%
Change from the immediately preceding quarter.
Year-over-year
+3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.1B
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 | $2.3B | +25.8% |
| Jun 30, 2023 | $2.2B | +13.7% |
| Sep 30, 2023 | $2.6B | +20.5% |
| Dec 31, 2023 | $2.1B | +3.6% |
Revenue performance
The reported revenue direction is downward on a sequential basis, but upward on a year-over-year basis. This mixed performance indicates a reversal from the prior quarter's growth trend.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined sharply. In contrast, revenue was higher than the same quarter one year earlier.
What to watch
The contrasting sequential and year-over-year trends warrant attention to underlying demand dynamics.