PerkinElmer Needs More Than Just a Name Change to Revvity to Keep Up With the Times
December 30, 2023
🌥️Trending News
PerkinElmer, a leading provider of scientific instruments and services, recently changed its name to Revvity in an effort to stay up to date with the times.
However, the company needs more than just a name change if it wants to remain competitive. As a publicly traded company, Revvity must integrate the latest technology and services into its offerings if it wants to stay ahead of the competition. Revvity Inc ($NYSE:RVTY). is a global technology and services company with a strong presence in medical imaging, analytical instruments, and biotechnology tools. Through its business divisions, Revvity provides cutting-edge solutions designed to help customers make the most of their data and resources. The company also focuses on developing new products that can help customers increase their productivity and efficiency.
Additionally, Revvity has a strong commitment to environmental sustainability and social responsibility. This commitment is reflected in its comprehensive range of products and services that are designed to reduce energy consumption and waste.
Market Price
On Friday, REVVITY INC, formerly known as PerkinElmer, experienced a slight drop of 1.3% in its stock price, opening at $110.2 and closing at $109.3. The company’s stock may continue to remain stagnant or even decrease further unless it invests in new initiatives and strategies to remain competitive in the marketplace. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Revvity Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.8k | 742.19 | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Revvity Inc. More…
| Operations | Investing | Financing |
| 33.82 | 1.7k | -1k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Revvity Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.42k | 5.73k | 62.38 |
Key Ratios Snapshot
Some of the financial key ratios for Revvity Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.7% | -16.9% | 13.8% |
| FCF Margin | ROE | ROA |
| -1.8% | 3.1% | 1.8% |
Analysis
As GoodWhale, we have conducted an analysis of REVVITY INC‘s financials. According to our Star Chart classification, REVVITY INC is classified as a ‘cow’, a type of company that we conclude has the track record of paying out consistent and sustainable dividends. Therefore, this type of company may be appealing to investors looking for steady returns. REVVITY INC has a high health score of 8/10, considering its cashflows and debt, and is capable to sustain future operations in times of crisis. The company is strong in dividend, medium in profitability and weak in asset and growth. This suggests that REVVITY INC is a good option if investors are looking for consistent and stable returns. More…
Summary
Revvity Inc is an investment opportunity for those looking to diversify their portfolios. The company specializes in providing cloud-based software, analytics, and clinical data services to healthcare institutions and individuals. Revvity provides lower cost solutions while yielding higher performance than traditional solutions. With its innovative technology, the company is well positioned to benefit from the growth of the healthcare industry.
Investors can also take advantage of the increasing demand for personalized healthcare services. Moreover, Revvity has a strong customer base and is expanding rapidly, making it an attractive investment for both short-term and long-term growth.
Related Posts
Recent Posts
