WALTHAM, Mass.- PerkinElmer, Inc. (NYSE: PKI), a global leader focused on improving the health and safety of people and the environment, today reported financial results for the second quarter ended July 1, 2012.

The Company reported GAAP earnings per share from continuing operations of $0.29, as compared to $0.26 in the second quarter of 2011. Revenue in the second quarter of 2012 was $521.8 million, as compared to $479.1 million in the second quarter of 2011. GAAP operating income from continuing operations for the second quarter of 2012 increased 26% to $49.8 million, compared to $39.4 million in the second quarter of 2011. GAAP operating profit margin from continuing operations was 10% in the second quarter of 2012, compared to 8% in the second quarter of 2011.

Adjusted earnings per share grew 23% to $0.53, compared to $0.43 in the second quarter of 2011. Adjusted revenue for the quarter grew 10% to $532.3 million, compared to $485.3 million in the second quarter of 2011. Organic revenue growth was 5% after adjusting for acquisitions which added 8%, partially offset by a decrease due to foreign currency translation of 4%. Adjusted operating income for the second quarter of 2012 increased 28% to $89.7 million, compared to $70.3 million for the same period a year ago. Adjusted operating profit margin was 17%, a 240 basis points improvement compared to the same period a year ago. For the Company’s non-GAAP financial measures, adjustments have been noted in the attached reconciliations.

“I am pleased with our organization’s strong performance in the second quarter. Our newly expanded range of innovative and higher value offerings helped us generate healthy organic revenue growth and strong adjusted earnings per share in the quarter,” said Robert Friel, chairman and chief executive officer of PerkinElmer. “We’ve had an excellent first half in 2012 despite the macroeconomic environment and foreign currency headwinds. While we don’t expect economic conditions to improve over the balance of the year, our strong performance in the first half enables us to accelerate investments in our long term growth initiatives in the second half.”

Cash Flow:

For the second quarter of 2012, operating cash flow from continuing operations was $77.4 million as compared to $54.9 million in the same period of 2011.

Financial Overview by Reporting Segment

Human Health:

• Revenue of $258.4 million for the second quarter of 2012, as compared to $218.8 million for the second quarter of 2011.

• Operating income of $31.5 million, as compared to $28.4 million for the same period a year ago.

• Adjusted revenue of $260.5 million for the second quarter of 2012, as compared to $219.2 million for the second quarter of 2011. Adjusted revenue increased 19%, organic revenue growth was 4%.

• Adjusted operating income of $56.4 million, as compared to $44.4 million for the same period a year ago.

• Adjusted operating profit margin was 22% as a percentage of adjusted revenue, an increase of 130 basis points as compared to the second quarter of 2011.

Environmental Health

• Revenue of $263.4 million for the second quarter of 2012, as compared to $260.2 million for the second quarter of 2011.

• Operating income of $28.2 million, as compared to $21.7 million for the same period a year ago.

• Adjusted revenue of $271.8 million for the second quarter of 2012, as compared to $266.1 million for the second quarter of 2011. Adjusted revenue increased 2%, organic revenue growth was 5%.

• Adjusted operating income of $43.3 million, as compared to $36.7 million for the same period a year ago.

• Adjusted operating profit margin was 16% as a percentage of adjusted revenue, an increase of 210 basis points as compared to the second quarter of 2011.

Financial Guidance — Full Year 2012

For the full year 2012, the Company reiterates its forecast for organic revenue to increase in the mid-single digit range relative to 2011. For the full year 2012, the Company now forecasts GAAP earnings per share from continuing operations in the range of $1.21 to $1.26 and reaffirms its previously communicated guidance for adjusted earnings per share, which is expected to include the adjustments noted in the attached reconciliation, of $2.00 to $2.05.

Conference Call Information

The Company will discuss its second quarter results and its outlook for business trends in a conference call on August 2, 2012 at 5:00 p.m. Eastern Time (ET). To access the call, please dial (617) 213 – 8837 prior to the scheduled conference call time and provide the access code 28473641. A playback of this conference call will be available beginning 7:00 p.m. ET, Thursday, August 2, 2012. The playback phone number is (617) 801-6888 and the code number is 34863262.

A live audio webcast of the call will be available on the Investor section of the Company’s Web site, www.perkinelmer.com. Please go to the site at least 15 minutes prior to the call in order to register, download, and install any necessary software. An archived version of the webcast will be posted on the Company’s Web site for a two week period beginning approximately two hours after the call.

Use of Non-GAAP Financial Measures

In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings announcement also contains non-GAAP financial measures. The reasons that we use these measures, a reconciliation of these measures to the most directly comparable GAAP measures, and other information relating to these measures are included below following our GAAP financial statements.