TELEDYNE TECHNOLOGIES (TDY) Revenue — Quarter Ended Oct 1, 2023
Revenue for the quarter declined compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline was offset by a year-over-year gain.
Key takeaway
Quarter ended Oct 1, 2023 · FY2023 Q3
Revenue for the quarter declined compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline was offset by a year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
+2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 |
|---|---|---|
| Jan 1, 2023 | $1.4B | +3.1% |
| Apr 2, 2023 | $1.4B | +4.7% |
| Jul 2, 2023 | $1.4B | +5.1% |
| Oct 1, 2023 | $1.4B | +2.9% |
Revenue performance
The reported revenue reflects a decrease from the prior quarter, while still showing growth over the prior-year period.
Quarterly comparison
Compared to the previous quarter, revenue contracted; however, when measured against the same quarter last year, revenue rose.
What to watch
Cash and cash equivalents decreased from the start of the year, as disclosed in the filing, which may warrant attention.