Clinical Diagnostics Business Outperformance
The Clinical Diagnostics business performed slightly better than forecast despite reimbursement reductions in China, with nearly 3% growth in the rest of the world.
Process Chromatography Business Growth
The process chromatography business experienced mid-teens growth on a year-over-year basis, contributing positively to the Life Science segment.
Product Innovation and Expansion
Bio-Rad launched several key menu expansions for their life science portfolio, including a new PCR-based salmonella test for food safety and advances in ddPCR Vericheck assays for cell and gene therapy.
Stilla Technologies Acquisition on Track
The acquisition of Stilla Technologies is on track for closing by the end of the third quarter, which will expand Bio-Rad's offering in the digital PCR segment.
Strong Free Cash Flow
For Q1 2025, Bio-Rad reported free cash flow of $96 million, compared to $30 million in Q1 2024.