NYSE$RVTY

Revvity Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

PerkinElmer's first quarter results were announced, featuring significant growth in revenue and earnings per share.

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.

Headline financials

Total Revenue

$1.31B

Previous: $652M+100.4%
EPS (adj)

$3.72

Previous: $0.67+455.2%
Organic revenue growth

92.0%

Previous: -1.0%+9300.0%
Capital Expenditures

-$14.3M

Previous: -$20.5M+30.1%
Free Cash Flow

$365M

Previous: $13.2M+2669.9%
Net Income

$379M

Previous: $33.7M+1026.7%
Operating Income

$468M

Previous: $44.7M+946.9%
Gross Profit

$785M

Previous: $308M+154.9%
Cash & Equivalents

$988M

Previous: $195M+406.4%
Total Assets

$8.76B

Previous: $6.38B+37.3%

Revenue & EPS history

Revvity · Revenue · Quarterly

$1.31B

Q1 2021+100.4%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Revvity · $853M total across 1 segment · Q1 2021

  • Diagnostics
    $853M+235.8%

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.

Tailwinds

  • 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

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 2021

Historical avgQ1 2021

-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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