Additionally, Vohra exercised options to acquire 5,492 shares at an exercise price of $81.29 per share, which had been granted as part of a previous compensation package. The company maintains a GOOD financial health score of 2.79 according to InvestingPro's comprehensive analysis, which offers 8 additional key insights about Revvity's financial position. The company maintains a GOOD financial health score of 2.79 according to InvestingPro's comprehensive analysis, which offers 8 additional key insights about Revvity's financial position.
Additionally, Vohra exercised options to acquire 5,492 shares at an exercise price of $81.29 per share, which had been granted as part of a previous compensation package. The company maintains a GOOD financial health score of 2.79 according to InvestingPro's comprehensive analysis, which offers 8 additional key insights about Revvity's financial position.
Additionally, Vohra exercised options to acquire 5,492 shares at an exercise price of $81.29 per share, which had been granted as part of a previous compensation package.
In other recent news, Revvity has secured a $1.5 billion unsecured revolving credit facility, replacing its previous agreement and extending the maturity date to January 7, 2030. This new credit facility, involving major financial institutions such as Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM) Bank, and Goldman Sachs (NYSE:GS) Bank, offers Revvity increased financial flexibility. As of now, the company has reported no borrowings under this new facility but has $4.2 million in outstanding letters of credit. These recent developments suggest a robust financial health for Revvity, as indicated by its current ratio of 3.56 and a moderate debt-to-equity ratio of 0.42.
In addition to this, Revvity's third quarter of 2024 financial results showed strong performance. The company reported total adjusted revenues of $684 million, marking a 2% organic growth. Operational efficiency led to an 80 basis point rise in adjusted operating margins, standing at 28.3%, and generated a substantial $135 million in free cash flow. Furthermore, Revvity's earnings per share surpassed expectations, leading to an increase in the full-year guidance for adjusted EPS, and a new $1 billion share repurchase plan was announced.
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