Textron (TXT) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
-2.4%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.4B
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 |
|---|---|---|
| Dec 31, 2022 | $3.6B | +9.5% |
| Apr 1, 2023 | $3B | +0.8% |
| Jul 1, 2023 | $3.4B | +8.6% |
| Sep 30, 2023 | $3.3B | +8.6% |
Revenue performance
The reported revenue moved downward from the prior quarter, reversing the direction seen in recent periods. The trailing twelve-month revenue remained above the level of the same trailing period a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell. In contrast, when measured against the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline follows a pattern of mixed quarterly changes, with no single directional trend established over the trailing periods.