Xylem (XYL) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the immediately preceding quarter, but rose sharply against the same period a year earlier. The year-over-year increase was driven by higher product and service revenue.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the immediately preceding quarter, but rose sharply against the same period a year earlier. The year-over-year increase was driven by higher product and service revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-4.0%
Change from the immediately preceding quarter.
Year-over-year
+40.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
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 |
|---|---|---|
| Jun 30, 2023 | $1.7B | +26.2% |
| Sep 30, 2023 | $2.1B | +50.4% |
| Dec 31, 2023 | $2.1B | +40.6% |
| Mar 31, 2024 | $2B | +40.4% |
Revenue performance
Reported revenue decreased from the prior quarter, reflecting a sequential slowdown.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted. Compared to the same quarter one year earlier, revenue grew substantially.
What to watch
The sequential decline warrants attention to see if it continues in the coming quarters.