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Apr 04, 2021
Revvity Q1 2021 Earnings Report
PerkinElmer's first quarter results were announced, featuring significant growth in revenue and earnings per share.
Key Takeaways
PerkinElmer reported strong first-quarter results, with a 100% increase in reported revenue and a 92% increase in organic revenue. GAAP EPS from continuing operations was $3.37, and adjusted EPS was $3.72. The company initiated second-quarter guidance and raised full-year revenue and earnings guidance.
GAAP revenue was $1.308 billion, a 100% increase compared to Q1 2020.
GAAP EPS from continuing operations was $3.37, compared to $0.30 in Q1 2020.
Adjusted EPS from continuing operations was $3.72, compared to $0.67 in Q1 2020.
The company raised full-year 2021 revenue guidance to $4.37 billion and adjusted EPS guidance to $9.40.
Revvity
Revvity
Revvity Revenue by Segment
Revenue by Segment
Diagnostics Revenue
CapyFin.com Forward Guidance
For the second quarter of 2021, the Company forecasts GAAP revenue of approximately $1.11 billion, GAAP earnings per share from continuing operations of $1.90 and, on a non-GAAP basis, adjusted earnings per share of $2.35. For the full year of 2021, the Company now forecasts GAAP revenue of $4.37 billion, GAAP earnings per share from continuing operations of $7.77 and, on a non-GAAP basis, adjusted earnings per share of $9.40.
Positive Outlook
- Second Quarter 2021 Revenue Guidance: Approximately $1.11 billion
- Second Quarter 2021 GAAP EPS Guidance: $1.90
- Second Quarter 2021 Adjusted EPS Guidance: $2.35
- Full Year 2021 Revenue Guidance: $4.37 billion
- Full Year 2021 Adjusted EPS Guidance: $9.40