Revvity (RVTY) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared with the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement reversed the prior-quarter decrease, while the year-over-year drop continued the pattern seen in earlier periods.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared with the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement reversed the prior-quarter decrease, while the year-over-year drop continued the pattern seen in earlier periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$691.7M
Revenue reported for this quarter.
Quarter-over-quarter
+6.4%
Change from the immediately preceding quarter.
Year-over-year
-2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.7B
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 |
|---|---|---|
| Oct 1, 2023 | $670.7M | -5.8% |
| Dec 31, 2023 | $695.9M | -6.1% |
| Mar 31, 2024 | $649.9M | -3.7% |
| Jun 30, 2024 | $691.7M | -2.5% |
Revenue performance
The reported revenue direction was upward versus the prior quarter, reflecting a modest sequential gain. Compared with the same quarter last year, however, revenue was lower, indicating persistent headwinds on an annual basis.
Quarterly comparison
Relative to the immediately preceding quarter, revenue rose, breaking a two-quarter streak of sequential decline. On a year-over-year basis, revenue fell, consistent with the negative trend observed in each of the three prior quarters.
What to watch
Given the ongoing year-over-year revenue decline, future filings should be monitored for any change in this pattern.