Revvity (RVTY) FY2023 results: revenue $2.8 billion, down 16.9% on the year
Revvity, Inc. (RVTY) reported revenue of $2.8 billion for fiscal 2023, the year ended 31 December 2023, down 16.9% on the year before. Net income was $693 million, up 21.8%, and diluted earnings per share $5.55. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$2.8 billion
-16.9% on the year
FY2016FY2023
Operating margin
10.9%
22.4% a year earlier
FY2016FY2023
Net income
$693 million
+21.8% on the year
FY2016FY2023
Diluted EPS
$5.55
+23.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
91.3
680
1,411
-86.6%
Capital expenditure
81.4
85.6
86.0
-5.0%
Free cash flow
9.9
594
1,325
-98.3%
Free cash flow margin
0.4%
17.9%
34.6%
Cash from investing
1,314
-133
-4,113
Cash from financing
-947
-662
2,942
Depreciation and amortisation
432
427
311
+1.1%
Share-based compensation
41.4
51.5
29.7
-19.6%
Buybacks
389
80.6
73.1
+382.3%
Dividends paid
35.0
35.3
32.4
-1.1%
Dividend per share
$0.28
$0.28
n/a
0.0%
Diluted shares, weighted
125m
126m
117m
-1.3%
Shares outstanding at period end
123m
126m
126m
-2.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
7,873
7,383
7,141
+6.6%
Debt
3,927
4,429
5,027
-11.3%
Operating lease liabilities
133
170
147
-21.9%
Other liabilities
1,632
2,148
2,685
-24.0%
Total liabilities and equity
13,565
14,130
15,001
-4.0%
Fixed assets
510
483
486
+5.5%
Goodwill
6,534
6,482
6,627
+0.8%
Intangible assets
3,022
3,377
3,822
-10.5%
Investments
704
11.1
33.7
+6,250.5%
Cash and equivalents
913
454
603
+101.0%
Receivables
633
613
708
+3.3%
Inventory
428
405
426
+5.6%
Other assets
821
2,304
2,295
-64.4%
Total assets
13,565
14,130
15,001
-4.0%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.