PerkinElmer Earnings Call Nuggets: Acquisition Total and Lab Services Subsegments

PerkinElmer Inc (NYSE:PKI) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call.

Acquisition Total

Paul Knight – CLSA: Was the acquisition total in the cash flow statement related to the Chinese transaction?

Robert F. Friel – Chairman and CEO: Yes.

Frank A. Wilson – SVP and CFO: It was.

Paul Knight – CLSA: And then the follow-up would be on the geographical growth that was a high-single digit decline in both Europe and U.S. and what was behind it, pharma?

Robert F. Friel – Chairman and CEO: No, I would say in Europe it was high-single. And U.S. actually was up mid-to-high single and in of course the Asia portion was also up high single. And I would say the European decline was not restricted to pharma. We also shown it on the industrial side as well.