PERKINELMER INC (PKI) Q1 2019 Earnings Call Transcript
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PERKINELMER INC ( ?????? : PKI)
Q1 2019 Earnings Call
April 25, 2019, 5:00 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator --

Good day, ladies and gentlemen, and welcome to the PerkinElmer First Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference call may be recorded.

I would now like to introduce your host for today's conference, Mr. Bryan Kipp, Vice President of Investor Relations. Sir, you may begin.

Bryan Kipp -- Vice President of Investor Relations

Thank you, Joelle. Good afternoon, and welcome to PerkinElmer's first quarter 2019 earnings conference call. With me on the call are Rob Friel, Chairman and Chief Executive Officer; Prahlad Singh, President and Chief Operating Officer; Jamey Mock, Senior Vice President and Chief Financial Officer. If you have not received a copy of our earnings press release, you may get one form the Investors section of our website at www.perkinelmer.com. Please note this call is being webcast live and will be archived on our website until May 9.

Before we begin, we need to remind everyone of the safe harbor statements that we have outlined in our earnings press release issued earlier this afternoon and also those in our SEC filings. Any forward-looking statements made today represent our views only as of today. We disclaim any obligation to update forward-looking statements in the future even if our estimates change. So you should not rely on any of today's forward-looking statements as representing our views as of any other date after today.

During this call, we will also be referring to certain non-GAAP financial measures. A reconciliation of non-GAAP financial measures we plan to use during this call to the most directly comparable GAAP measures is available as an attachment to our earnings press release. To the extent we use non-GAAP financial measures during this call that are not reconciled to GAAP in that attachment, we will provide reconciliations promptly.

I'm now pleased to introduce the Chairman and Chief Executive Officer of PerkinElmer, Rob Friel.

Robert F. Friel -- Chairman and Chief Executive Officer

Thanks, Bryan, and good afternoon everyone. I'm pleased to report PerkinElmer had a very good start to 2019, delivering a strong performance in the first quarter. Revenue for the first quarter was $649 million, representing organic growth of 5%. Adjusted earnings per share was $0.69, representing growth of 10% over Q1 last year and $0.03 better than our guidance. EPS fee was attributable to slightly higher organic revenue growth in the quarter and better operating margin expansion as adjusted operating margins increased to 130 basis points in the quarter. In addition, we continue to execute on plans to invest in high-growth areas, shift the organization to a more unified structure and further improve operating margins. From end market perspective, the first quarter played out similar to our expectations, except that we were able to ship about half of the revenue we thought, we would missed as a result of the US government shutdown.