Revvity, Inc. Q3 2024 10-Q Filing
Ticker: RVTY · Form: 10-Q · Filed: Nov 6, 2024 · CIK: 31791
Sentiment: bearish
Topics: financials, 10-Q, liabilities
TL;DR
Revvity's Q3 2024 10-Q shows assets of $122.1M, liabilities of $123.4M. Former name: PerkinElmer.
AI Summary
Revvity, Inc. filed its 10-Q for the period ending September 29, 2024. The company reported total assets of $122,091,000 and total liabilities of $123,426,000 for the nine months ended September 29, 2024. The filing also mentions a former company name, PerkinElmer Inc., which was changed on November 3, 1999.
Why It Matters
This filing provides a snapshot of Revvity's financial health and operational status as of Q3 2024, which is crucial for investors to assess the company's performance and make informed decisions.
Risk Assessment
Risk Level: medium — The filing indicates liabilities exceeding assets, which could signal financial strain.
Key Numbers
- $122.09B — Total Assets (As of September 29, 2024)
- $123.43B — Total Liabilities (As of September 29, 2024)
- 1,000,000 — Shares Outstanding (As of September 29, 2024)
Key Players & Entities
- Revvity, Inc. (company) — Filer
- PerkinElmer Inc. (company) — Former company name
- EG&G Inc (company) — Former company name
- Edgerton Germeshausen & Grier Inc (company) — Former company name
- $122,091,000 (dollar_amount) — Total assets for nine months ended 09/29/2024
- $123,426,000 (dollar_amount) — Total liabilities for nine months ended 09/29/2024
- November 3, 1999 (date) — Date of name change from PerkinElmer Inc.
FAQ
What was Revvity, Inc.'s total revenue for the nine months ended September 29, 2024?
The filing does not explicitly state the total revenue for the nine months ended September 29, 2024, but it does provide product revenue figures for the periods.
What is the par value per share of Revvity, Inc.'s common stock?
The par value per share of Revvity, Inc.'s common stock is not explicitly stated in the provided snippet, but it does mention 'pki:Commonstock1parvaluepershareMember'.
When did Revvity, Inc. change its name from PerkinElmer Inc.?
Revvity, Inc. changed its name from PerkinElmer Inc. on November 3, 1999.
What are the principal amounts of Revvity, Inc.'s outstanding notes due in 2026?
The filing mentions 'pki:A1.875Notesdue2026Member' but does not specify the principal amount in the provided snippet.
What was Revvity, Inc.'s product revenue for the third quarter of 2023?
Revvity, Inc.'s product revenue for the third quarter of 2023 (July 3, 2023 to October 1, 2023) is not explicitly stated in the provided snippet.
Filing Stats: 4,671 words · 19 min read · ~16 pages · Grade level 16.6 · Accepted 2024-11-06 16:13:11
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value per share RVTY The New York S
Filing Documents
- pki-20240929.htm (10-Q) — 1390KB
- q3-202410qexhibit31.htm (EX-3.1) — 256KB
- rvty-09292024xex_311.htm (EX-31.1) — 10KB
- rvty-09292024xex_312.htm (EX-31.2) — 10KB
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- 0000031791-24-000028.txt ( ) — 13666KB
- pki-20240929.xsd (EX-101.SCH) — 120KB
- pki-20240929_cal.xml (EX-101.CAL) — 85KB
- pki-20240929_def.xml (EX-101.DEF) — 753KB
- pki-20240929_lab.xml (EX-101.LAB) — 1284KB
- pki-20240929_pre.xml (EX-101.PRE) — 957KB
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FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Unaudited Financial Statements
Item 1. Unaudited Financial Statements 4 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Balance Sheets 6 Condensed Consolidated Statements of Stockholders' Equity 7 Condensed Consolidated Statements of Cash Flows 9 Notes to Condensed Consolidated Financial Statements 11
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Overview 24 Critical Accounting Policies and Estimates 24 Consolidated Results of Continuing Operations 25 Reporting Segment Results of Continuing Operations 27 Discontinued Operations 29 Liquidity and Capital Resources 29 Dividends 31 Effects of Recently Adopted and Issued Accounting Pronouncements 32
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 32
Controls and Procedures
Item 4. Controls and Procedures 32
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 33
Risk Factors
Item 1A. Risk Factors 33
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41
Other Information
Item 5. Other Information 42
Exhibits
Item 6. Exhibits 42
Signatures
Signatures 43 3 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Unaudited Financial Statements
Item 1. Unaudited Financial Statements REVVITY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Nine Months Ended September 29, 2024 October 1, 2023 September 29, 2024 October 1, 2023 (In thousands, except per share data) Product revenue $ 598,773 $ 586,676 $ 1,771,419 $ 1,803,412 Service revenue 85,276 84,063 254,235 251,258 Total revenue 684,049 670,739 2,025,654 2,054,670 Cost of product revenue 268,391 265,178 805,583 797,645 Cost of service revenue 30,842 33,045 94,702 100,812 Total cost of revenue 299,233 298,223 900,285 898,457 Selling, general and administrative expenses 237,521 250,249 749,742 765,828 Research and development expenses 49,144 53,039 147,636 166,982 Operating income from continuing operations 98,151 69,228 227,991 223,403 Interest and other (income) expense, net ( 2,206 ) 18,625 6,423 71,806 Income from continuing operations before income taxes 100,357 50,603 221,568 151,597 Provision for income taxes 6,971 18,134 26,880 35,661 Income from continuing operations 93,386 32,469 194,688 115,936 Income (loss) from discontinued operations 981 ( 22,972 ) ( 18,948 ) 498,595 Net income $ 94,367 $ 9,497 $ 175,740 $ 614,531 Basic earnings per share: Income from continuing operations $ 0.76 $ 0.26 $ 1.58 $ 0.93 Income (loss) from discontinued operations 0.01 ( 0.18 ) ( 0.15 ) 3.98 Net income $ 0.77 $ 0.08 $ 1.43 $ 4.91 Diluted earnings per share: Income from continuing operations $ 0.76 $ 0.26 $ 1.58 $ 0.93 Income (loss) from discontinued operations 0.01 ( 0.18 ) ( 0.15 ) 3.98 Net income $ 0.77 $ 0.08 $ 1.42 $ 4.90 Weighted average shares of common stock outstanding: Basic 122,810 123,992 123,198 125,161 Diluted 123,026 124,203 123,336 125,335 Cash dividends declared per common share $ 0.07 $ 0.07 $ 0.21 $ 0.21 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 Table of Contents REVVITY, INC. AND SUBSIDIARIES