Revvity (RVTY) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter increased compared to the immediately preceding quarter, but decreased compared to the same quarter one year earlier. The sequential rise reversed a decline seen in the prior quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter increased compared to the immediately preceding quarter, but decreased compared to the same quarter one year earlier. The sequential rise reversed a decline seen in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$695.9M
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
-6.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8B
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 |
|---|---|---|
| Apr 2, 2023 | $674.9M | -29.9% |
| Jul 2, 2023 | $709.1M | -20.8% |
| Oct 1, 2023 | $670.7M | -5.8% |
| Dec 31, 2023 | $695.9M | -6.1% |
Revenue performance
The quarter's revenue rose sequentially, breaking a pattern of decline after a drop in the prior quarter. The year-over-year decline continued, reflecting ongoing challenges compared to the prior year period.
Quarterly comparison
Revenue was higher than in the preceding quarter, but lower than in the same quarter one year earlier. This mixed performance highlights a sequential improvement while still trailing the prior year's level.
What to watch
The company noted that the unusually low effective tax rate in fiscal 2023 will not be repeated in the following fiscal year.