PerkinElmer Announces Financial Results for the Third Quarter of 2012

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 third quarter ended September 30, 2012.

The Company reported GAAP earnings per share from continuing operations of $0.25, compared to $0.25 in the third quarter of 2011. Revenue in the third quarter of 2012 was $509.6 million, as compared to $452.9 million in the third quarter of 2011. GAAP operating income from continuing operations for the third quarter of 2012 increased 20% to $43.2 million, compared to $36.1 million in the third quarter of 2011. GAAP operating profit margin from continuing operations was 8% in the third quarter of 2012, compared to 8% in the third quarter of 2011.

Adjusted earnings per share was $0.45, compared to $0.43 in the third quarter of 2011. Adjusted revenue for the quarter grew 11% to $514.8 million, compared to $462.9 million in the third quarter of 2011. Organic revenue growth was 6% after adjusting for acquisitions which added 8%, partially offset by a decrease due to unfavorable foreign currency translation of 3%. Adjusted operating income for the third quarter of 2012 increased 16% to $78.3 million, compared to $67.6 million for the same period a year ago. Adjusted operating profit margin was 15% as a percentage of adjusted revenue, a 60 basis point 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.

“We are pleased to report another solid performance for the third quarter as global demand for our product and service offerings continued to drive organic revenue growth,” said Robert Friel, chairman and chief executive officer of PerkinElmer. “Despite an uncertain macroeconomic environment, we remain confident in our business model and our ability to execute, giving us the conviction to raise our full year adjusted earnings per share guidance while continuing to invest in future growth and productivity intitatives.”

Cash Flow

For the nine months ended September 30, 2012, operating cash flow from continuing operations was $113.8 million as compared to $151.5 million in the same period of 2011. The 2012 year-to-date results include the impact from increased pension contributions, tax payments, incremental working capital and royalty payments.

Financial Overview by Reporting Segment for the Third Quarter 2012

Human Health

Revenue of $257.2 million, as compared to $206.6 million for the third quarter of 2011.

Operating income of $35.0 million, as compared to $27.5 million for the same period a year ago.

Adjusted revenue of $258.2 million, as compared to $206.9 million for the third quarter of 2011. Adjusted revenue increased 25%, organic revenue growth was 10%.

Adjusted operating income of $56.3 million, as compared to $41.5 million for the same period a year ago.

Adjusted operating profit margin was 22% as a percentage of adjusted revenue, an increase of 180 basis points as compared to the third quarter of 2011.

Environmental Health

Revenue of $252.4 million, as compared to $246.3 million for the third quarter of 2011.

Operating income of $17.9 million, as compared to $14.7 million for the same period a year ago.

Adjusted revenue of $256.6 million, as compared to $255.9 million for the third quarter of 2011. Adjusted revenue was flat, organic revenue growth was 3%.

Adjusted operating income of $31.6 million, as compared to $32.2 million for the same period a year ago.

Adjusted operating profit margin was 12% as a percentage of adjusted revenue, a decrease of 30 basis points as compared to the third 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 $1.22 to $1.24 and raises its guidance for adjusted earnings per share, which is expected to include the adjustments noted in the attached reconciliation, to $2.05 to $2.07.

Conference Call Information

The Company will discuss its third quarter results and its outlook for business trends in a conference call on October 25, 2012 at 5:00 p.m. Eastern Time (ET). To access the call, please dial (617) 614-3670 prior to the scheduled conference call time and provide the access code 14835705. A playback of this conference call will be available beginning 7:00 p.m. ET, Thursday, October 25, 2012. The playback phone number is (617) 801-6888 and the code number is 85821244.

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.

About PerkinElmer

PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and the environment. The company reported revenue of approximately $1.9 billion in 2011, has about 7,000 employees serving customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through 1-877-PKI-NYSE, or at www.perkinelmer.com.

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