Textron (TXT) Revenue — Quarter Ended Apr 1, 2023
Revenue for the quarter declined compared with the immediately preceding quarter. However, it rose compared with the same quarter one year earlier.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue for the quarter declined compared with the immediately preceding quarter. However, it rose compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
-16.8%
Change from the immediately preceding quarter.
Year-over-year
+0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.9B
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 |
|---|---|---|
| Jul 2, 2022 | $3.2B | -1.2% |
| Oct 1, 2022 | $3.1B | +2.9% |
| Dec 31, 2022 | $3.6B | +9.5% |
| Apr 1, 2023 | $3B | +0.8% |
Revenue performance
The reported revenue decreased from the prior quarter, but increased relative to the same period a year ago.
Quarterly comparison
The sequential decline follows a strong prior quarter, while the year-over-year gain indicates a modest improvement from the same point last year.
What to watch
The significant sequential drop in revenue may be a point to monitor in future quarters.