NYSE$RVTY

Revvity Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

PerkinElmer reported revenue of $964.0 million with 36% reported growth and 34% organic growth. GAAP EPS from continuing operations was $1.57 and adjusted EPS was $2.09.

PerkinElmer reported strong financial results for the third quarter of 2020, with significant revenue growth driven by the Diagnostics segment. The company's GAAP EPS and adjusted EPS also showed substantial increases compared to the same period last year, reflecting improved profitability.

  • Revenue reached $964.0 million, demonstrating 36% reported growth and 34% organic growth.
  • GAAP EPS from continuing operations was $1.57, up from $0.53 in Q3 2019.
  • Adjusted EPS was $2.09, compared to $1.06 in Q3 2019.
  • Operating income from continuing operations was $248.0 million, significantly higher than $78.7 million in the prior year.

Headline financials

Total Revenue

$964M

Previous: $707M+36.4%
EPS (adj)

$2.09

Previous: $1.06+97.2%
Organic revenue growth

34.0%

No prior period
Capital Expenditures

-$57.4M

Previous: -$53.1M-8.1%
Free Cash Flow

$119M

Previous: $5.48M+2078.7%
Net Income

$177M

Previous: $58.6M+201.8%
Operating Income

$248M

Previous: $78.7M+215.3%
Gross Profit

$527M

Previous: $342M+54.1%
Cash & Equivalents

$258M

Previous: $393M-34.3%
Total Assets

$6.87B

Previous: $6.49B+5.8%
Stock-Based Comp

$7.12M

Previous: $12.3M-42.2%

Revenue & EPS history

Revvity · Revenue · Quarterly

$964M

Q3 2020+36.4%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Revvity · $540M total across 1 segment · Q3 2020

  • Diagnostics
    $540M+93.0%

Forward guidance

The Company forecasts for the fourth quarter of 2020, GAAP revenue in the range of $1.12 billion to $1.23 billion, GAAP earnings per share from continuing operations of $2.27 to $2.67 and, on a non-GAAP basis, adjusted earnings per share of $2.60 to $3.00.

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 Q3 2020

Historical avgQ3 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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