Q1 2025 Revvity Inc Earnings Call Transcript
Key Points
- Revvity Inc (RVTY) achieved a solid 4% organic growth in the first quarter, aligning with expectations despite a challenging macroeconomic environment.
- The company reported an adjusted EPS of $1.01, surpassing the expected range of $0.93 to $0.95.
- Revvity Inc (RVTY) demonstrated strong cash flow management with a 97% free cash flow conversion of adjusted net income and repurchased $154 million worth of shares.
- The Diagnostics segment grew 5% organically, driven by strong demand and resilience against macroeconomic changes.
- The Signals software business showed impressive performance with over 20% organic growth in the first quarter, with expectations for continued strong growth.
- Revvity Inc (RVTY) faced unforeseen demand fluctuations from US academic customers, impacting life science instruments and potentially limiting organic growth.
- The company anticipates a 60 basis point negative impact on adjusted operating margins due to tariff-related pressures.
- There is ongoing pressure on the Life Science Solutions segment, particularly in instrumentation, due to academic funding uncertainties.
- Revvity Inc (RVTY) expects slower demand from academic customers to persist, impacting overall growth projections.
- The company is navigating a dynamic tariff situation, which could have resulted in a $135 million gross impact on adjusted operating income if not mitigated.
Welcome, everyone, to the Q1 2025 Revvity Earnings Conference Call. My name is Sammy, and I will be coordinating your call today. (Operator Instructions)
I will now hand over to your host, Steve Willoughby, to begin. Please go ahead, Steve.
Thank you, operator. Good morning, everyone, and welcome to Revvity's First Quarter 2025 Earnings Conference Call. On the call with me today are Prahlad Singh, our President and Chief Executive Officer; and Max Krakowiak, our Senior Vice President and Chief Financial Officer.
I'd like to remind you our safe harbor statements outlined in our press release issued earlier this morning and those in our SEC filings. Statements or comments made on this call may be forward-looking statements which may include, but may not be limited to, financial projections or other statements of the company's plans, objectives, expectations or intentions. The company's actual results may differ significantly from those projected or suggested due to a variety of factors, which are discussed in
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