NYSE$RVTY

Revvity Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

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.

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  • Full-year 2020 financial guidance was withdrawn due to COVID-19 uncertainties.

Headline financials

Total Revenue

$652M

Previous: $649M+0.6%
EPS (adj)

$0.67

Previous: $0.69-2.9%
Organic revenue growth

-1.0%

No prior period
Capital Expenditures

-$20.5M

Previous: -$19.9M-3.1%
Free Cash Flow

$13.2M

Previous: $15.5M-15.2%
Net Income

$33.7M

Previous: $35.4M-4.9%
Operating Income

$44.7M

Previous: $53.3M-16.2%
Gross Profit

$308M

Previous: $308M+0.1%
Cash & Equivalents

$195M

Previous: $134M+45.4%
Total Assets

$6.38B

Previous: $6.09B+4.9%
Stock-Based Comp

$3.05M

Previous: $6.1M-50.0%

Revenue & EPS history

Revvity · Revenue · Quarterly

$652M

Q1 2020+0.6%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Revvity · $254M total across 1 segment · Q1 2020

  • Diagnostics
    $254M

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.0%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+10.4%

Q2 2024

Best reaction

-16.3%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%+17.0%+16.7%
Q4 2025-4.5%-6.6%-9.5%
Q3 2025-1.8%-5.4%+5.8%
Q2 2025+3.3%+1.9%-5.8%
Q1 2025+0.8%-0.3%-3.1%
Q4 2024-0.5%-3.5%-11.6%
Q3 2024+4.1%+1.2%-4.1%
Q2 2024+10.4%+7.1%+5.3%
Q1 2024+0.9%-0.9%+8.1%
Q4 2023-1.4%-2.8%-0.1%
Q3 2023-16.3%-9.9%-8.6%
Q2 2023+1.8%+0.2%-4.8%
Q1 2023-6.6%-8.3%-10.8%
Q4 2022-2.4%-3.8%-9.1%
Q3 2022-2.3%+11.0%+9.9%
Q2 2022+0.6%+0.4%-11.8%
Q1 2022+6.2%-0.0%+2.0%
Q4 2021+7.5%+6.3%+4.0%
Q3 2021-1.3%-4.3%+2.1%
Q2 2021+3.5%+10.9%+12.6%
Q1 2021+4.6%+8.0%+6.2%
Q4 2020-8.0%-4.5%-18.2%
Q3 2020+1.3%+4.4%+1.7%
Q2 2020+4.1%+3.4%-0.4%
Q1 2020+7.2%+6.3%+18.4%
Q4 2019-2.3%-7.3%-13.8%
Q3 2019-2.3%-0.4%+5.6%
Q2 2019-7.9%-11.0%-13.9%
Q1 2019-0.5%+1.4%-8.6%
Q4 2018+0.7%+2.8%+6.9%
Q3 2018-4.5%-3.1%+1.6%
Q2 2018+9.3%+8.2%+16.7%
Q1 2018-2.2%-1.7%+0.4%
Q4 2017+1.6%-0.5%-5.4%
Q3 2017-2.3%-1.6%+1.2%
Q2 2017-3.6%-4.0%+0.4%
Q1 2017+3.3%+4.9%+8.8%
Q4 2016-3.0%-2.0%+2.2%
Q3 2016-2.1%-1.9%+2.3%
Q2 2016-0.1%-0.3%+0.5%
Q1 2016+1.0%
Q3 2015-2.4%
Q2 2015+4.3%
Q1 2015+1.5%
Q4 2014+2.7%
Q3 2014+1.9%
Q2 2014-5.5%
Q1 2014-3.4%
Q4 2013+2.3%
Q3 2013-1.7%
Q2 2013+6.8%
Q1 2013-10.6%
Q4 2012-3.5%
Q3 2012-1.0%
Q2 2012+5.4%
Q4 2008-0.5%
Q1 2012+3.0%
Q1 2011+0.2%
Q4 2011+3.5%
Q3 2009+1.4%
Q3 2011+1.4%
Q2 2009-3.1%
Q2 2011-3.1%
Q4 2010-3.1%

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