PerkinElmer publishes fourth-quarter financial results

PerkinElmer this week published its financial results for the fourth quarter of 2009.

The company’s sales for the period amounted to $498.3 million (319.9 million pounds), while its operating profit from continuing operations was $58.0 million.

According to the firm, both foreign exchange rates and acquisitions had a favourable impact on fourth-quarter revenue, amounting to four per cent and one per cent respectively.

It has now forecast organic revenue growth for 2010 as low-to-mid-single-digit.

Chairman and chief executive of PerkinElmer Robert Friel commented that the statistics reveal a “strong year” for the organisation.

“We were able to exceed our financial commitments while continuing to invest in a number of growth initiatives […] We believe this balanced approach has allowed us to exit 2009 stronger and better positioned strategically,” he continued.

Last month, PerkinElmer announced the availability of its new line of 1.5-inch hollow cathode lamps, which expanded the firm’s portfolio of atomic spectroscopy consumables.