UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The unaudited pro forma condensed consolidated financial statements presented herein have been prepared in accordance with Article 11 of Regulation S-X and are based upon the Company’s audited consolidated financial statements for the year ended December 28, 2025 and the unaudited consolidated financial statements for the three months ended April 5, 2026 and certain assumptions, as set forth in the notes to unaudited pro forma condensed consolidated financial statements, that the Company believes are reasonable. The unaudited pro forma condensed consolidated balance sheet is presented as if the sale had been completed on April 5, 2026 and the unaudited pro forma condensed consolidated statements of operations are presented as if the sale had been completed on December 30, 2024. The pro forma adjustments presented herein are based on estimates and certain information that is currently available and may change as additional information becomes available. The unaudited pro forma condensed consolidated financial statements are not necessarily indicative of the results of operations or the financial position that would have resulted had the sale of China IDX been completed at the beginning of or as of the periods presented, nor is it indicative of the results of operations in future periods or the future financial position of the Company.
Revvity, Inc. and Subsidiaries
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
AS OF APRIL 5, 2026
(In thousands)
Historical
Disposition and Pro Forma Adjustments
Pro Forma
Current assets:
Cash and cash equivalents
$
860,320
$
5,101
(a), (b)
$
865,421
Accounts receivable, net
691,380
(100,133)
(a)
591,247
Inventories, net
387,505
(6,694)
(a)
380,811
Other current assets
189,112
61,038
(a), (b)
250,150
Total current assets
2,128,317
(40,688)
2,087,629
Property, plant and equipment, net
465,636
(14,375)
(a)
451,261
Operating lease right-of-use assets, net
163,254
(4,462)
(a)
158,792
Intangible assets, net
2,306,534
(132,284)
(a)
2,174,250
Goodwill
6,610,750
(35,000)
(a)
6,575,750
Other assets, net
322,099
42,123
(a), (b)
364,222
Total assets
$
11,996,590
$
(184,686)
(a)
$
11,811,904
Current liabilities:
Current portion of long-term debt
$
575,831
$
—
$
575,831
Accounts payable
169,679
(5,635)
(a)
164,044
Accrued expenses and other current liabilities
493,134
1,314
(a)
494,448
Total current liabilities
1,238,644
(4,321)
1,234,323
Long-term debt
2,632,072
$
—
2,632,072
Long-term liabilities
800,859
(34,730)
(a), (b)
766,129
Operating lease liabilities
142,276
(3,140)
(a)
139,136
Total liabilities
4,813,851
(42,191)
4,771,660
Total stockholders' equity
7,182,739
(142,495)
(a), (b)
7,040,244
Total liabilities and stockholders' equity
$
11,996,590
$
(184,686)
$
11,811,904
PREPARED IN ACCORDANCE WITH GAAP
Revvity, Inc. and Subsidiaries
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED INCOME STATEMENTS
Three Months Ended April 5, 2026
Three Months Ended March 30, 2025
(In thousands, except per share data)
Historical
Disposition and Pro Forma Adjustments
Pro Forma
Historical
Disposition and Pro Forma Adjustments
Pro Forma
Revenue
$
711,118
$
(24,206)
(c)
$
686,912
$
664,762
$
(36,064)
(c)
$
628,698
Cost of revenue
323,463
(14,297)
(c)
309,166
289,216
(17,839)
(c)
271,377
Selling, general and administrative expenses
253,882
(14,106)
(c)
239,776
249,719
34,004
(c), (d)
283,723
Research and development expenses
57,887
—
57,887
53,597
—
53,597
Operating income from continuing operations
75,886
4,197
80,083
72,230
(52,229)
20,001
Interest income
(6,304)
10
(c)
(6,294)
(10,081)
13
(c)
(10,068)
Interest expense
24,718
—
24,718
22,964
—
22,964
Change in fair value of investments
4,204
—
4,204
(3,073)
—
(3,073)
Other expense, net
3,276
(711)
(c)
2,565
10,038
(611)
(c)
9,427
Income from continuing operations, before income taxes
49,992
4,898
54,890
52,382
(51,631)
751
Provision for income taxes
9,099
501
(c)
9,600
10,713
6,196
(c), (d)
16,909
Income from continuing operations
40,893
4,397
45,290
41,669
(57,827)
(16,158)
(Loss) income from discontinued operations
(175)
—
(175)
568
—
568
Net income
$
40,718
$
4,397
$
45,115
$
42,237
$
(57,827)
$
(15,590)
Diluted earnings per share:
Income from continuing operations
$
0.37
$
0.40
$
0.35
$
(0.13)
(Loss) income from discontinued operations
(0.00)
(0.00)
0.00
0.00
Net income
$
0.36
$
0.40
$
0.35
$
(0.13)
Weighted average diluted shares of common stock outstanding
111,876
111,876
120,233
120,233
ABOVE PREPARED IN ACCORDANCE WITH GAAP
Revvity, Inc. and Subsidiaries
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED INCOME STATEMENTS
Twelve Months Ended December 28, 2025
(In thousands, except per share data)
Historical
Disposition and Pro Forma Adjustments
Pro Forma
Revenue
$
2,856,051
$
(164,552)
(c)
$
2,691,499
Cost of revenue
1,291,686
(99,558)
(c)
1,192,128
Selling, general and administrative expenses
991,890
(14,301)
(c), (d)
977,589
Research and development expenses
215,840
—
215,840
Operating income from continuing operations
356,635
(50,693)
305,942
Interest income
(31,103)
76
(c)
(31,027)
Interest expense
92,185
—
92,185
Change in fair value of investments
11,456
—
11,456
Other expense, net
15,820
(2,765)
(c)
13,055
Income from continuing operations, before income taxes
268,277
(48,004)
220,273
Provision for income taxes
28,394
2,307
(c), (d)
30,701
Income from continuing operations
239,883
(50,311)
189,572
Income from discontinued operations
1,318
—
1,318
Net income
$
241,201
$
(50,311)
$
190,890
Diluted earnings per share:
Income from continuing operations
$
2.06
$
1.63
Income from discontinued operations
0.01
0.01
Net income
$
2.07
$
1.64
Weighted average diluted shares of common stock outstanding
116,595
116,595
ABOVE PREPARED IN ACCORDANCE WITH GAAP
Revvity, Inc. and Subsidiaries
NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED INCOME STATEMENTS
1.Pro Forma Adjustments
(a) To eliminate all historical assets and liabilities of China IDX.
(b) To reflect a potential consideration from the sale of China IDX of $140 million, which includes certain liabilities to be transferred and excludes certain contingent consideration.
(c) To eliminate the historical revenues and expenses of China IDX.
(d) Includes the loss on the probable disposition of China IDX of $55 million, including tax impacts.