REVVITY INC Reports 42.3% Revenue Drop in Q2 FY2023
August 4, 2023
🌧️Earnings Overview
On August 1 2023, REVVITY INC ($NYSE:RVTY) reported their second quarter FY2023 earnings results, indicating a total revenue of USD 709.1 million, a decrease of 42.3% compared to the same quarter of last year. Net income for the quarter drastically declined by 80.2%, amounting to USD 35.6 million.
Analysis
GoodWhale’s analysis of REVVITY INC’s fundamentals reveal that the company is strong in dividend, medium in growth, profitability and weak in asset. According to the Star Chart, REVVITY INC is classified as ‘cow’, a type of company with a track record of paying out consistent and sustainable dividends. The company also has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of paying off its debt and funding future operations. Given its strong dividend history and high health score, REVVITY INC may be attractive to many investors, such as income investors, value investors, and growth investors, looking for reliable returns and stability. Furthermore, as REVVITY INC’s financial health allows it to pay off debt and fund future operations, it is also likely to appeal to investors who prioritize low risk investments. More…
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 |
| 2.21k | 818.04 | 10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Revvity Inc. More…
| Operations | Investing | Financing |
| 227.25 | 1.25k | -483.8 |
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 |
| 14.22k | 6.35k | 64.04 |
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 |
| -9.5% | -7.3% | 18.5% |
| FCF Margin | ROE | ROA |
| 7.2% | 3.2% | 1.8% |
Summary
Investing in REVVITY INC is a risky decision. The company reported total revenue of USD 709.1 million for the second quarter of FY2023, a 42.3% decrease from the same period last year. Net income for the quarter was USD 35.6 million, a drop of 80.2%.
This suggests that the company has seen a major decline in its profitability and this may be a sign of further issues to come. Investors should be wary of this and consider all factors carefully before investing in REVVITY INC.
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