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Form 8-K · Current Report · Filed 2024-04-29

Revvity Reports Q1 2024 Financial Results and Reaffirms Guidance

Revvity, Inc. reported its financial results for the first quarter of 2024 on April 29, 2024. The company announced GAAP earnings per share (EPS) of $0.21, compared to $4.50 in the same period of the previous year. GAAP revenue was $650 million, showing a 4% decrease from the previous year's $675 million. Adjusted EPS from continuing operations was $0.98, down from $1.01 in the first quarter of 2023. The company reaffirmed its full-year 2024 guidance for organic growth and adjusted EPS.

Filer
Revvity Inc. RVTY · NYSE
Filed
Accession
0001628280-24-018795
CIK
0000031791
Signal
High impactHealthcare

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Miss General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$101.51

Next session

+0.9%

Since filing

+44.5%

Latest close

$146.73

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from RVTY reporting the same item, with the next session's move:

Revvity Announces Fourth Quarter and Full Year 2023 Financial Results-1.5%
Revvity Announces Preliminary Q4 2023 Financial Results and J.P. Morgan Conference Presentation+2.4%

Exhibits (1)

About Revvity Inc.

Revvity Inc. is a prominent company in the healthcare and biological sciences field, offering a comprehensive suite of solutions aimed at improving global health outcomes. The company's core focus lies in delivering innovative products and services that range from diagnostic tools to advanced analytical capabilities for life sciences research. Revvity serves a wide array of sectors including biotechnology, pharmaceuticals, and clinical diagnostics, providing essential tools and data analytics that aid in disease discovery, drug development, and health monitoring. The company's expertise in deploying cutting-edge technologies further reinforces its position as a critical enabler of scientific research and innovation. With its global reach and commitment to enhancing healthcare delivery, Revvity Inc. plays a pivotal role in advancing the capabilities of medical and scientific communities worldwide, driving progress in critical areas such as personalized medicine and preventive healthcare.

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