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

f 1 percent compared to the prior year.
Excluding the impact of currency, revenue for the business group increased 2 percent primarily due to strong sales from the Company's fluorescent imaging, stem cell and sample prep products.
  • Genetic Analysis revenue was $341 million in the second quarter, a decrease of 4 percent over the same period last year. Excluding the impact of currency, revenue decreased 2 percent. Results for the quarter were primarily driven by an increase in Ion Torrent sales, offset by lower CE research sales, primarily due to large customer orders in the second quarter of the prior year and an expected decline in SOLiD.
  • Applied Sciences revenue was $198 million in the second quarter, an increase of 2 percent over the prior year.  Excluding the impact of currency, revenue increased 4 percent primarily as a result of licensing agreements, partially offset by a decline in the Company's Bioproduction business due to the timing of customer orders. 
  • Regional revenue growth rates excluding currency for the second quarter, compared to the same quarter of the prior year, were as follows: the Americas declined 1 percent, Europe was flat, Asia Pacific grew 4 percent, and Japan grew 6 percent.  
  • Outlook
    Given the announcement in April that Life Technologies and Thermo Fisher have entered into a definitive merger agreement under which Thermo Fisher will acquire all of the outstanding shares of Life Technologies for $76.00 per share in cash, the Company is no longer providing quarterly guidance.  The Company will continue to provide commentary regarding the impact that fluctuations in currency rates could have on results. 

    Based on June 30, 2013 rates, currency is expected to have a negative impact of approximately $75 million on revenue and $0.17 on non-GAAP EPS for the full year.  This compares to a negative impact of $62 million on revenue and $0.15 on non-GAAP EPS for t
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