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Life Technologies Announces Second Quarter 2013 Results
Date:7/31/2013

CARLSBAD, Calif., July 31, 2013 /PRNewswire/ -- Life Technologies Corporation (NASDAQ: LIFE) today announced results for its second quarter ended June 30, 2013.  Revenue for the second quarter was $944 million, a decrease of 1 percent over the $950 million reported for the second quarter of 2012.  Excluding the impact of currency, revenue growth for the quarter was 1 percent compared to the same period of the prior year.  

"We are pleased to report results that reflect significant growth in Ion Torrent, strength in Applied Sciences and continued stable performance in Research Consumables," said Gregory T. Lucier, chairman and chief executive officer of Life Technologies. "During the quarter, we added to our innovation pipeline, launching novel tools for stem cell research, digital qPCR and Ion Torrent. We continued to expand into growth and emerging markets by acquiring our instrument distributor in South Korea, and by entering into strategic relationships that apply our technologies to therapeutic areas like oncology."

Lucier continued, "We are actively working with Thermo Fisher to consummate our previously announced transaction. We recently filed our definitive proxy and will be hosting our special meeting of stockholders on August 21, 2013.  Both companies remain excited about creating the unrivaled leader in life sciences that will continue to accelerate innovation and better meet the needs of our customers."

Life Technologies reported results compared to the quarter ended June 30, 2012.  Results are non-GAAP unless indicated otherwise. A full reconciliation of non-GAAP to GAAP measures can be found in the tables of today's press release.

Analysis of Second Quarter 2013 Results

  • Second quarter revenue decreased by 1 percent over the prior year, representing an increase of approximately 1 percent excl
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