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Sep 29, 2024

Revvity Q3 2024 Earnings Report

Reported positive revenue growth, strong margins, and excellent cash flow.

Key Takeaways

Revvity announced financial results for the third quarter ended September 29, 2024, with GAAP revenue of $684 million and GAAP EPS of $0.77. The company's adjusted EPS from continuing operations was $1.28. Revvity raised its full year 2024 adjusted EPS guidance and authorized a new $1 billion share repurchase program.

Revenue of $684 million; 2% reported growth; 2% organic growth

GAAP EPS of $0.77

Adjusted EPS from continuing operations of $1.28

Authorized new $1 billion share repurchase program

Total Revenue
$684M
Previous year: $671M
+2.0%
EPS
$1.28
Previous year: $1.18
+8.5%
Organic Revenue Growth
2%
Previous year: -7%
-128.6%
Gross Profit
$295M
Previous year: $373M
-20.8%
Cash and Equivalents
$1.23B
Previous year: $1.14B
+8.2%
Free Cash Flow
$126M
Previous year: -$55.8M
-324.9%
Total Assets
$12.8B
Previous year: $13.4B
-4.9%

Revvity

Revvity

Revvity Revenue by Segment

Forward Guidance

The Company is updating its full year revenue guidance to $2.75-$2.77 billion and is also raising its adjusted EPS guidance to a range of $4.83 to $4.87.