Revvity Inc

RVTY

Equity

ISIN US7140461093 / Valor 1010704

New York Stock Exchange, Inc (2024-11-21)

USD 111.11-0.21%

Revvity Inc
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About company

Revvity Inc. specializes in providing digital marketing and web development services to businesses seeking to enhance their online presence.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

Revvity Inc. reported revenue of $692 million for the second quarter of 2024, reflecting a 2% decrease compared to the $709 million reported in the same period of the previous year. The company experienced a 1% decline in organic growth during this quarter.

Earnings Per Share

For the second quarter of 2024, Revvity Inc. reported GAAP earnings per share (EPS) of $0.45, an increase from $0.28 in the same quarter of the previous year. Adjusted EPS from continuing operations was $1.22, slightly up from $1.21 in the same period last year.

Operating Income

Revvity Inc.'s GAAP operating income from continuing operations for the second quarter of 2024 was $86 million, compared to $78 million in the same period a year ago. The GAAP operating profit margin was 12.4% of revenue, up from 11.0% in the previous year.

Segment Performance

In the Life Sciences segment, Revvity Inc. reported second quarter 2024 revenue of $314 million, a 7% decrease from the previous year. The Diagnostics segment, however, saw a slight increase in revenue to $378 million, up 1% from the same period last year.

Full Year Guidance

Revvity Inc. has updated its full year 2024 revenue guidance to a range of $2.77-$2.79 billion, reflecting recent changes in foreign currency exchange rates. The company also raised its adjusted EPS guidance to a range of $4.70-$4.80 for the full year 2024.

Summarized from source with an LLMView Source

Key figures

25.0%1Y

-41.2%3Y

22.5%5Y

Performance

28.3%1Y

33.1%3Y

32.9%5Y

Volatility