Trane Technologies (TT) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined from the prior quarter but rose when compared to the same period a year ago. The annual trailing revenue reflects the cumulative performance of the past four quarters.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined from the prior quarter but rose when compared to the same period a year ago. The annual trailing revenue reflects the cumulative performance of the past four quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-9.4%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.7B
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 |
|---|---|---|
| Mar 31, 2023 | $3.7B | +9.2% |
| Jun 30, 2023 | $4.7B | +12.3% |
| Sep 30, 2023 | $4.9B | +11.7% |
| Dec 31, 2023 | $4.4B | +8.6% |
Revenue performance
The reported revenue decreased relative to the preceding quarter, marking a sequential decline. The year-over-year comparison, however, shows an increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Yet against the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline breaks a pattern of consecutive quarterly increases observed earlier in the fiscal year.