PerkinElmer posts lower income in FY09, despite increase in Q4

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PerkinElmer's net income dipped in the 2009 fiscal year, despite posting gains in the fourth quarter, which ended Jan. 3, 2010.

The Waltham, Mass.-based medical device manufacturer posted $39.95 million in net income for the fourth quarter of 2009, compared with $30.7 million in the 2008 fourth quarter. However, its 2009 yearly income was $85.6 million, down from the $126.4 million reported in the 2008 fiscal year.

In contrast to its net income, 2009 fourth quarter revenues—$498.3 million— were slightly down from the $499.9 million posted in the year-ago quarter, according to PerkinElmer. In the 2009 fiscal year, the company recorded $1.8 billion in revenue, compared with $1.96 billion in the previous year.

For the full year 2010, the company forecasted a “low- to mid-single digit increase in organic revenue relative to 2009.”