Welcome to our dedicated page for Revvity news (Ticker: RVTY), a resource for investors and traders seeking the latest updates and insights on Revvity stock.
Revvity, Inc. (NYSE: RVTY) generates a steady stream of news across life sciences, diagnostics, and scientific software, reflecting its role as a global health science company and member of the S&P 500 index. Company announcements cover financial performance, strategic collaborations, product introductions, sustainability initiatives, and capital allocation decisions, offering investors and industry observers multiple angles on how Revvity operates and evolves.
On the financial side, Revvity regularly issues earnings releases and outlook updates, including preliminary expectations for quarterly results and guidance ranges for revenue and adjusted earnings per share. These updates are often accompanied by conference calls and investor presentations, which are referenced in Form 8-K filings and Business Wire releases. The company also announces actions such as share repurchase authorizations and quarterly dividends on its common stock, providing insight into capital allocation priorities.
Revvity’s news flow also highlights developments in its Signals software platform and AI-enabled discovery capabilities. Examples include the introduction of the Signals Xynthetica Models-as-a-Service offering for AI-augmented molecular and materials design, and a collaboration with Eli Lilly and Company that makes Lilly TuneLab predictive models available through the Revvity Signals platform. These stories illustrate how the company is integrating artificial intelligence, federated learning, and scientific data management to support discovery teams worldwide.
Additional news items showcase Revvity’s sustainability and ESG efforts, such as its Impact Report detailing progress on emissions, waste reduction, and social initiatives, as well as recognition through external ESG ratings and workplace certifications. Investor conference appearances and healthcare conference presentations provide further context on strategic priorities and segment performance. This news page aggregates such updates so readers can review Revvity’s financial disclosures, software and diagnostics developments, partnerships, and ESG milestones in one place.
Revvity, Inc. (NYSE: RVTY) has released its annual Impact Report, showcasing the company's sustainability, social, and governance initiatives. Key highlights include:
- A 7% reduction in Scope 1 and 2 emissions in 2023
- Implementation of a sustainability due diligence program for suppliers
- 75% employee satisfaction with 85% participation in a survey
- Maintained 40% female representation in leadership positions
- Expanded gender pay gap analysis
- Introduction of new corporate policies on ethical AI, sustainable procurement, and cyber risk management
- Creation of Revvity Access STEM Scholarships
CEO Prahlad Singh emphasized the company's commitment to creating a healthier, cleaner, and more inclusive world through innovative solutions and sustainability initiatives.
Revvity, Inc. (NYSE: RVTY) has announced its plans to release third quarter 2024 financial results before the market opens on Monday, November 4, 2024. The company will host a conference call at 8:00 a.m. ET on the same day to discuss these results. Prahlad Singh, president and CEO, and Max Krakowiak, CFO, will lead the conference call. Investors can access a live audio webcast of the call through the Investors section of Revvity's website.
Revvity (NYSE: RVTY) has announced the launch of the EURORealTime APOE assay, an in-vitro diagnostic test for APOE genotyping in European countries accepting the CE mark. This test is important for assessing a patient's risk of side effects before starting anti-amyloid therapy for Alzheimer's disease.
The assay allows simultaneous detection of the three most frequent APOE forms (E2, E3, and E4), with E4 carriers having the highest risk for ARIA (Amyloid-Related Imaging Abnormalities) under therapy. The test requires only one reaction using genomic DNA from a single blood sample and can be automated on Revvity instruments, including the EUROIMMUN PreNAT II and chemagic 360 platforms.
This new solution will enable clinicians to take a more personalized approach in anti-amyloid treatment for Alzheimer's patients by providing additional patient information through APOE genotyping.
Revvity (NYSE: RVTY) has announced its participation in two upcoming investor conferences in September 2024. The company will present at the 2024 Wells Fargo Healthcare Conference in Boston on September 4, with CFO Max Krakowiak speaking at 8:45 a.m. ET. Additionally, Revvity will attend the 2024 Baird Global Healthcare Conference in New York City on September 10, where Steve Willoughby, SVP of investor relations, ESG, and risk, will present at 12:15 p.m. ET.
Both presentations will provide updates on Revvity's strategic priorities and will be available via live audio webcasts on the company's website. Replays will be accessible for at least 30 days after the events on the Revvity Investor Relations website.
Revvity reported Q2 2024 financial results with revenue of $692 million, down 2% reported and 1% organic. GAAP EPS was $0.45, up from $0.28 year-over-year, while adjusted EPS from continuing operations was $1.22, slightly up from $1.21. The company raised its full-year 2024 adjusted EPS guidance to $4.70-$4.80.
Segment performance varied: Life Sciences revenue decreased 7% to $314 million, with adjusted operating margin at 35.8%. Diagnostics revenue increased 1% to $378 million, with adjusted operating margin improving to 25.9%. Revvity updated its full-year revenue guidance to $2.77-$2.79 billion, assuming 2% organic growth.
Revvity's Board of Directors has declared a quarterly dividend of $0.07 per share of common stock. This dividend will be paid on November 8, 2024, to shareholders of record at the close of business on October 18, 2024. Revvity, traded on the New York Stock Exchange under the ticker symbol RVTY, continues its practice of rewarding shareholders through regular dividend payments. This announcement demonstrates the company's commitment to providing consistent returns to its investors, even as it navigates the current economic landscape.
Revvity (NYSE: RVTY) will announce its Q2 2024 financial results on July 29, 2024, before the market opens. A conference call hosted by CEO Prahlad Singh and CFO Max Krakowiak will follow at 8:00 a.m. ET to discuss the results. Investors can access the live audio webcast via the company's website.
Revvity (NYSE: RVTY) will present at the 45th Annual Goldman Sachs Global Healthcare Conference on June 10, 2024, at 8:00 a.m. ET in Miami, FL. The event will feature Prahlad Singh, the president and CEO of Revvity, who will provide an update on the company's strategic priorities. A live audio webcast and a replay of the presentation will be available on the company's website.
Summary not available.
Summary not available.