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Jan 03, 2021
Revvity Q4 2020 Earnings Report
PerkinElmer's Q4 2020 earnings significantly increased, driven by strong growth in revenue and EPS.
Key Takeaways
PerkinElmer reported a strong fourth quarter with a 68% increase in revenue to $1.355 billion and GAAP EPS of $3.38. The company's performance was driven by its response to the pandemic and focus on providing solutions. They also initiated guidance for Q1 and full year 2021.
Reported a 68% increase in 4Q revenue, reaching $1.355 billion.
Achieved 65% organic revenue growth in 4Q.
GAAP EPS from continuing operations was $3.38 in 4Q.
Adjusted EPS reached $3.96 in 4Q.
Forward Guidance
The Company forecasts GAAP revenue of approximately $1.19 billion, GAAP earnings per share from continuing operations of at least $2.52 and, on a non-GAAP basis, adjusted earnings per share of at least $3.00 for the first quarter of 2021. For the full year of 2021, the Company forecasts GAAP revenue of at least $4.08 billion, GAAP earnings per share from continuing operations of at least $6.73 and, on a non-GAAP basis, adjusted earnings per share of at least $8.50.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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