Revvity Inc

RVTY: XNYS (USA)
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Revvity Earnings: Exceeds Expectations and Increases 2024 Guidance; Shares Still Undervalued

Revvity turned in strong operating results this quarter, and management increased its full-year 2024 guidance on these trends. At first glance, mild tweaks to our near-term assumptions did not change our $162 fair value estimate. Shares remain undervalued, though, and management highlighted plans to boost its share repurchases at current prices, reflecting its desire to invest at an attractive price, which we appreciate.

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