Waters (WAT) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The growth reversed a sequential decline seen in the preceding two quarters.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The growth reversed a sequential decline seen in the preceding two quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$819.5M
Revenue reported for this quarter.
Quarter-over-quarter
+15.1%
Change from the immediately preceding quarter.
Year-over-year
+15.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$3B
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 | $740.6M | +4.5% |
| Jul 1, 2023 | $740.6M | +3.7% |
| Sep 30, 2023 | $711.7M | +0.4% |
| Dec 31, 2023 | $819.5M | +15.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a notable rebound after two consecutive quarterly decreases.
Quarterly comparison
Revenue was higher than both the previous quarter and the same quarter one year earlier, with the year-over-year increase matching the pace of the prior year's comparable period.
What to watch
The revenue trajectory shows a sharp reversal from the sequential declines in the prior two quarters.