Revvity (RVTY) 10-K Summary — Year Ended Dec 29, 2024
Revvity filed its annual report for the period ended late December 2024. The filing describes the company's business, risk factors, and financial condition, with revenue remaining relatively stable compared to the prior period.
Key takeaway
Year ended Dec 29, 2024 · FY2025 10-K
Revvity filed its annual report for the period ended late December 2024. The filing describes the company's business, risk factors, and financial condition, with revenue remaining relatively stable compared to the prior period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.8B
Revenue reported for the fiscal year.
Operating income
$346.7M
Income from operations reported for the year.
Net income
$270.4M
Net income reported for the year.
Operating cash flow
$628.3M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 2, 2022 | $711.8M | n/a |
| Jan 1, 2023 | $3.3B | +365.3% |
| Dec 31, 2023 | $2.8B | -16.9% |
| Dec 29, 2024 | $2.8B | +0.2% |
Business overview
Revvity operates as a provider of diagnostics, life sciences, and applied services. The company's business overview is outlined in Item 1 of the filing, covering its operational segments and market focus.
Financial performance
Reported revenue was approximately the same level as the prior year, with a slight increase. Operating income and net income were positive, and cash generated from operations was substantial relative to revenue.
Material risks
The filing identifies risk factors in Item 1A, including potential impacts from tax rate changes, multinational operations taxation, and valuation allowances. The effective tax rate varied significantly due to credits, prior-year adjustments, and valuation allowance increases.
Liquidity and capital
Liquidity and capital resources are discussed in the management discussion section, with a focus on tax provisions and cash flow. The company generated operating cash flow that supported its capital needs.
What to watch
Monitor changes in the effective tax rate and valuation allowance, as these had a material impact on reported net income.