Waters (WAT) Revenue — Quarter Ended Sep 30, 2023
Revenue decreased compared to the prior quarter but showed a modest increase versus the same quarter one year earlier. The sequential decline contrasted with the growth seen in the preceding period, while the year-over-year performance remained positive.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue decreased compared to the prior quarter but showed a modest increase versus the same quarter one year earlier. The sequential decline contrasted with the growth seen in the preceding period, while the year-over-year performance remained positive.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$711.7M
Revenue reported for this quarter.
Quarter-over-quarter
-3.9%
Change from the immediately preceding quarter.
Year-over-year
+0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.9B
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 |
|---|---|---|
| Apr 1, 2023 | $684.7M | -0.9% |
| Jun 30, 2023 | $740.6M | +4.5% |
| Jul 1, 2023 | $740.6M | +3.7% |
| Sep 30, 2023 | $711.7M | +0.4% |
Revenue performance
Revenue for the quarter followed a lower path compared to the immediately preceding quarter, breaking the upward trend seen in earlier periods. The slight year-over-year gain indicates a stable long-term trajectory.
Quarterly comparison
Compared to the prior quarter, revenue contracted, while versus the same quarter one year ago, it edged higher. This mixed result highlights a recent softening in momentum.
What to watch
Monitor whether the sequential decline continues or reverses in the coming quarter.