Waters (WAT) Revenue — Quarter Ended Jun 29, 2024
Revenue for the quarter increased compared with the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement was offset by a year-over-year decrease.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue for the quarter increased compared with the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement was offset by a year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$708.5M
Revenue reported for this quarter.
Quarter-over-quarter
+11.3%
Change from the immediately preceding quarter.
Year-over-year
-4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8B
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, 2023 | $819.5M | +15.7% |
| Mar 30, 2024 | $636.8M | -7.0% |
| Mar 31, 2024 | $636.8M | -22.3% |
| Jun 29, 2024 | $708.5M | -4.3% |
Revenue performance
The reported revenue rose from the prior quarter, reflecting a recovery from the previous period's level. However, compared with the same quarter a year ago, revenue was lower.
Quarterly comparison
Sequentially, revenue improved from the first quarter of the fiscal year, while on an annual basis it fell short of the figure from the same period in the prior year.
What to watch
Customer payment timing and inventory adjustments have influenced cash flow and may affect future revenue trends.