Waters (WAT) Revenue — Quarter Ended Mar 30, 2024
Revenue declined from the preceding quarter and from the same quarter one year earlier. The sequential decline was more pronounced than the year-over-year decrease.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue declined from the preceding quarter and from the same quarter one year earlier. The sequential decline was more pronounced than the year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$636.8M
Revenue reported for this quarter.
Quarter-over-quarter
-22.3%
Change from the immediately preceding quarter.
Year-over-year
-7.0%
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 |
|---|---|---|
| Jul 1, 2023 | $740.6M | +3.7% |
| Sep 30, 2023 | $711.7M | +0.4% |
| Dec 31, 2023 | $819.5M | +15.7% |
| Mar 30, 2024 | $636.8M | -7.0% |
Revenue performance
Reported revenue decreased compared with the immediately preceding quarter and the same quarter in the prior year. The sequential drop was the largest among recent quarters.
Quarterly comparison
Revenue was lower than both the first quarter of the prior fiscal year and the fourth quarter of the prior fiscal year. The sequential decline was steeper than the year-over-year decline.
What to watch
Cash flow from operations changed year over year, partly due to lower net income and higher inventory levels.