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Apr 05, 2020
Revvity Q1 2020 Earnings Report
PerkinElmer's first quarter results were announced, revealing a slight increase in revenue but a decrease in earnings per share compared to the previous year, and the company withdrew its full-year guidance due to COVID-19 uncertainties.
Key Takeaways
PerkinElmer reported a slight increase in revenue to $652.4 million, a 1% increase compared to the first quarter of 2019. However, GAAP EPS decreased to $0.30 from $0.32, and adjusted EPS decreased to $0.67 from $0.69. The company withdrew its full-year 2020 financial guidance due to uncertainties related to the COVID-19 pandemic.
Revenue increased by 1% to $652.4 million, but organic revenue decreased by 1%.
GAAP EPS from continuing operations decreased to $0.30, compared to $0.32 in Q1 2019.
Adjusted EPS decreased to $0.67, compared to $0.69 in Q1 2019.
Full-year 2020 financial guidance was withdrawn due to COVID-19 uncertainties.
Revenue by Segment
Forward Guidance
For the second quarter of 2020, the Company forecasts GAAP revenue in the range of $610-720 million, GAAP earnings per share from continuing operations of at least $0.33 and, on a non-GAAP basis, adjusted earnings per share of at least $0.65.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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