PerkinElmer Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 29, 2013. The Company reported GAAP earnings per share from continuing operations of $0.58, compared to a loss of $0.14 in the fourth quarter of 2012. Revenue in the fourth quarter of 2013 was $593.3 million, as compared to $572.9 million in the fourth quarter of 2012. GAAP operating income from continuing operations for the fourth quarter of 2013 was $84.7 million, as compared to an operating loss of $30.8 million in the fourth quarter of 2012, impacted by non-cash charges and other adjustments noted in the Company's reconciliations of non-GAAP financial measures. Adjusted earnings per share was $0.73, compared to $0.65 in the fourth quarter of 2012. Adjusted revenue for the quarter grew 3% to $594.0 million, compared to $577.0 million in the fourth quarter of 2012. Adjusted operating income for the fourth quarter of 2013 was $114.1 million, compared to $105.6 million for the same period a year ago. For the fourth quarter of 2013, operating cash flow from continuing operations was $71.1 million as compared to $39.8 million in the comparable period of 2012. Income from continuing operations before income taxes was $57,816,000 against loss of $42,740,000 a year ago. Net income was $64,473,000 or $0.57 per share against net loss of $15,856,000 or $0.14 per share a year ago. Net cash provided by operating activities was $71,703,000 against $39,524,000 a year ago. Capital expenditures were $7,427,000 against $18,058,000 a year ago.

Full year 2013 operating cash flow from continuing operations was $158.1 million as compared to $153.6 million in 2012. Income from continuing operations before income taxes was $153,332,000 against $50,587,000 a year ago. Net income was $164,812,000 or $1.45 per share against net loss of $69,940,000 or $0.61 per share a year ago. Revenue was $2,166,232,000 against $2,115,205,000 a year ago. Operating income from continuing operations was $217,442,000 against $98,543,000 a year ago. Income from continuing operations was $165,524,000 or $1.46 per diluted share against $68,441,000 or $0.60 per diluted share a year ago. Adjusted EPS was $2.08 against $2.06 a year ago. Adjusted operating income was $264,118,000 against $262,543,000 a year ago. Adjusted operating income was $344,561,000 against $352,551,000 a year ago. Capital expenditures were $38,991,000 against $42,408,000 a year ago.

Asset impairments was $6,731,000 for the fourth quarter of 2013 against $74,153,000 for the same period a year ago.

For the full year 2014, the Company forecasts GAAP earnings per share from continuing operations in the range of $1.93 to $1.98 and on a non-GAAP basis, which is expected to include the adjustments noted in the attached reconciliation, adjusted earnings per share of $2.40 to $2.45.