Rockwell Automation (ROK) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was higher than the immediately preceding quarter but lower than the same quarter one year earlier. The sequential improvement reversed a prior decline, while the year-over-year comparison remained negative.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q2
Revenue for the quarter was higher than the immediately preceding quarter but lower than the same quarter one year earlier. The sequential improvement reversed a prior decline, while the year-over-year comparison remained negative.
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
+3.6%
Change from the immediately preceding quarter.
Year-over-year
-6.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$9B
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 |
|---|---|---|
| Jun 30, 2023 | $2.2B | +13.7% |
| Sep 30, 2023 | $2.6B | +20.5% |
| Dec 31, 2023 | $2.1B | +3.6% |
| Mar 31, 2024 | $2.1B | -6.6% |
Revenue performance
The reported revenue increased compared to the prior quarter, reflecting a positive sequential trend. However, the year-over-year comparison showed a decline, indicating that the current quarter's revenue has not yet returned to the level of the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose, marking a recovery from the prior period's level. In contrast, when measured against the same quarter one year earlier, revenue was lower, highlighting a persistent year-over-year weakness.
What to watch
Monitor whether the sequential revenue growth can be sustained in the coming quarters, especially given the ongoing year-over-year decline.