Strong Software Growth
The Signals software franchise grew approximately 30% organically, with a new record for orders in a single quarter, indicating robust future performance.
Life Sciences Business Growth
The Life Sciences segment grew 4% organically, driven by mid-single-digit growth with pharma and biotech customers.
Solid Cash Flow and Share Repurchase
Revvity generated $115 million of free cash flow and repurchased nearly $300 million worth of stock in the second quarter, totaling $450 million for the first half of the year.
Reproductive Health Business Outlook
The reproductive health business is expected to grow in the high single digits in the fourth quarter due to the ramp-up of sequencing volumes from a Genomics England contract.
Innovation in Diagnostics
Launch of IDS i20 platform, a breakthrough in specialty testing automation, which is expected to significantly contribute to future growth.
ESG Recognition
Revvity's continuous improvement in sustainability, governance, and social priorities was recognized by MSCI with an AAA ESG rating.