Westinghouse Air Brake Technologies (WAB) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reported quarter declined from the immediately preceding quarter but increased compared with the same quarter one year earlier. The sequential decrease contrasts with the year-over-year growth.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reported quarter declined from the immediately preceding quarter but increased compared with the same quarter one year earlier. The sequential decrease contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-1.1%
Change from the immediately preceding quarter.
Year-over-year
+13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$10B
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 |
|---|---|---|
| Jun 30, 2023 | $2.4B | +17.5% |
| Sep 30, 2023 | $2.6B | +22.5% |
| Dec 31, 2023 | $2.5B | +9.5% |
| Mar 31, 2024 | $2.5B | +13.8% |
Revenue performance
Revenue decreased from the prior quarter, reflecting a sequential slowdown. However, revenue was higher than the same quarter a year ago, indicating continued expansion on an annual basis.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. In contrast, revenue was higher than the same quarter one year earlier, marking a year-over-year gain.
What to watch
The sequential decline in revenue, despite the year-over-year increase, merits attention in the context of the company's overall performance trend.