Revvity Q1 revenue $675M (-30% reported); GAAP EPS $4.50, adjusted EPS $1.01; $600M buyback authorized

REVVITY, INC.

2023-Q1 EPS reported $4.50 revenue$674,865,000

Revenue $675M, down 30% reported (-27% organic); non-COVID organic growth 6%.
GAAP EPS $4.50 (includes non-recurring items); adjusted EPS from continuing ops $1.01 vs $2.30 YoY.
Adjusted operating margin 28.0% vs 40.8% YoY; adjusted operating income $189M.
Authorized new $600M share repurchase program; ticker to change to RVTY on May 16, 2023.
Full-year 2023 guidance updated (specifics not in excerpt).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REVVITY, INC. reported the first quarter ended April 2, 2023 results: revenue $675 million, EPS $4.50. Guidance reaffirmed.

Period: the first quarter ended April 2, 2023
Revenue: $675 million
EPS: $4.50
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revvity, Inc. (NYSE: PKI), today reported financial results for the first quarter ended April 2, 2023. The Company reported GAAP earnings per share of $4.50, as compared to $1.40 in the same period a year ago. GAAP revenue for the quarter was $675 million, as compared to $963 million in the same period a year ago.

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Source: SEC EDGAR

accession 0001157523-23-000815

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