Solid Fourth Quarter Performance
Revvity achieved 6% organic growth and over 30% adjusted operating margins in Q4 2024. Adjusted EPS was $1.42, exceeding expectations.
Life Sciences Reagents Growth
Life Sciences reagents demonstrated mid-single-digit growth for two consecutive quarters, indicating recovery in pharma biotech customer demand.
Strong Software Business Performance
Signals Software business grew over 30% in Q4 and achieved low-double-digit growth for the year, with a 106% net retention rate.
Diagnostics Segment Success
Diagnostics business achieved 4% organic growth for the year, with immunodiagnostics growing in the mid-single digits and reproductive health in the high single digits in Q4.
Cash Flow and Share Repurchase
Revvity generated $151 million in free cash flow in Q4, leading to $578 million for the year with a 96% conversion rate. The company repurchased $185 million in shares during Q4.
Strategic Partnerships and Innovations
Revvity expanded its partnership with Genomics England and announced a strategic partnership with Element Biosciences to commercialize a neonatal sequencing workflow.