Revvity (RVTY) 8-K Completion of Acquisition or Disposition of Assets

Exhibit 99.1

PERKINELMER, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS

On November 29, 2010, PerkinElmer, Inc. (the “Company”) completed the previously announced disposition of its Illumination and Detection Solutions (“IDS”) business to Excelitas Technologies Corp., formerly known as IDS Acquisition Corp. (the “Buyer”), a subsidiary of Veritas Capital Fund III, L.P., a New York- based private equity firm, pursuant to the terms of the master purchase and sale agreement between the Company and the Buyer, dated as of August 31, 2010 (the “Purchase Agreement”). The Company received $482.0 million in consideration for the IDS business, or approximately $500.0 million net of payments for acquired cash balances, subject to adjustment for working capital as of the closing of the sale. The Buyer acquired the IDS business under the Purchase Agreement through the purchase of all outstanding stock of certain subsidiaries of the Company located in Germany, Canada, China, Indonesia, the Philippines, the United Kingdom and the United States as well as the purchase of certain assets and the assumption of certain liabilities of the IDS business held by the Company and by certain of the Company’s subsidiaries located in Singapore and Germany.

The unaudited pro forma consolidated statements of operations for the fiscal years ended January 3, 2010, December 28, 2008 and December 30, 2007 give effect to the disposition of the IDS business. The Company has not presented the unaudited pro forma consolidated balance sheets as of October 3, 2010 and January 3, 2010 and unaudited pro forma consolidated statements of operations for the interim periods ended October 3, 2010 and October 4, 2009, as the effect of the disposition of the IDS business was reported as discontinued operations in the Company’s Quarterly Report on Form 10–Q for the quarter ended October 3, 2010, filed with the Securities and Exchange Commission (the “SEC”) on November 10, 2010.

The unaudited pro forma consolidated statements of operations for the fiscal years ended January 3, 2010, December 28, 2008 and December 30, 2007 have been derived from the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 3, 2010 that has been filed with the SEC. The unaudited pro forma consolidated financial statements are based upon available information and assumptions that the Company believes are reasonable.

The unaudited pro forma consolidated financial statements have been provided for informational purposes only. The unaudited pro forma consolidated financial statements do not purport to project the future financial position or operating results of the Company. The unaudited pro forma consolidated financial statements, including the notes thereto, should be read in conjunction with the Company’s audited consolidated financial statements and notes included in its Annual Report on Form 10-K for the fiscal year ended January 3, 2010 and its Quarterly Report on Form 10–Q for the quarter ended October 3, 2010, that have both been filed with the SEC.

PERKINELMER, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

	Year Ended January 3, 2010
	As Reported (1)		Adjustment for IDS  Business (2)		Pro Forma
	(In thousands, except per share data)
Sales	$	1,812,202	$	261,436	$	1,550,766
Cost of sales		1,032,408		180,624		851,784
Selling, general and administrative expenses		504,699		36,407		468,292
Research and development expenses		107,251		16,470		90,781
Restructuring and lease charges, net		20,231		2,244		17,987
Operating income from continuing operations		147,613		25,691		121,922
Interest and other expense, net		16,936		1,149		15,787
Income from continuing operations before income taxes		130,677		24,542		106,135
Provision for income taxes		37,933		6,133		31,800
Income from continuing operations	$	92,744	$	18,409	$	74,335
Earnings per share from continuing operations:
Basic	$	0.80			$	0.64
Diluted	$	0.80			$	0.64
Weighted average shares of common stock outstanding:
Basic		116,250				116,250
Diluted		116,590				116,590

See accompanying notes to unaudited pro forma consolidated statements of operations.

PERKINELMER, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

	Year Ended December 28, 2008
	As Reported (1)		Adjustment for IDS  Business (2)		Pro Forma
	(In thousands, except per share data)
Sales	$	1,959,991	$	300,323	$	1,659,668
Cost of sales		1,124,921		198,951		925,970
Selling, general and administrative expenses		524,816		38,447		486,369
Research and development expenses		108,943		15,910		93,033
Restructuring and lease charges, net		6,889		220		6,669
Operating income from continuing operations		194,422		46,795		147,627
Interest and other expense, net		45,609		1,570		44,039
Income from continuing operations before income taxes		148,813		45,225		103,588
Provision for income taxes		21,040		8,342		12,698
Income from continuing operations	$	127,773	$	36,883	$	90,890
Earnings per share from continuing operations:
Basic	$	1.09			$	0.77
Diluted	$	1.08			$	0.77
Weighted average shares of common stock outstanding:
Basic		117,659				117,659
Diluted		118,687				118,687

See accompanying notes to unaudited pro forma consolidated statements of operations.

PERKINELMER, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

	Year Ended December 30, 2007
	As Reported (1)			Adjustment for IDS  Business (2)		Pro Forma
	(In thousands, except per share data)
Sales	$	1,728,877		$	292,407	$	1,436,470
Cost of sales		1,016,364			193,529		822,835
Selling, general and administrative expenses		441,177			38,487		402,690
Research and development expenses		104,891			14,623		90,268
Restructuring and lease charges, net		14,387			470		13,917
Gains on settlement of insurance claim		(15,346	)		—		(15,346	)
In-process research and development charges		1,502			—		1,502
Operating income from continuing operations		165,902			45,298		120,604
Interest and other expense, net		16,877			987		15,890
Income from continuing operations before income taxes		149,025			44,311		104,714
Provision for income taxes		16,477			2,689		13,788
Income from continuing operations	$	132,548		$	41,622		90,926
Earnings per share from continuing operations:
Basic	$	1.11				$	0.76
Diluted	$	1.09				$	0.75
Weighted average shares of common stock outstanding:
Basic		118,916					118,916
Diluted		120,605					120,605

See accompanying notes to unaudited pro forma consolidated statements of operations.

PERKINELMER, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS

(1) Represents results of operations as reported on the audited consolidated statements of operations included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 3, 2010.

(2) Represents results of operations of the IDS business. Tax effects have been determined based on the statutory rates in effect during each of those years.