Welcome to our dedicated page for Thermo Fisher Scientific news (Ticker: TMO), a resource for investors and traders seeking the latest updates and insights on Thermo Fisher Scientific stock.
Thermo Fisher Scientific, Inc. (TMO) is a global leader in providing science-based solutions, offering a wide range of products and services in the life sciences, analytical instruments, specialty diagnostics, and laboratory products sectors. The company's expansive portfolio includes scientific instruments, laboratory equipment, diagnostic consumables, and life science reagents, serving customers both in the United States and internationally.
Thermo Fisher operates through four distinct segments as of end-2023:
- Analytical Technologies (17% of sales): This segment focuses on providing high-quality instruments and software solutions for various scientific applications.
- Specialty Diagnostic Products (10% of sales): This segment specializes in offering diagnostic reagents and instruments for medical and research laboratories.
- Life Science Solutions (23% of sales): This segment provides reagents, instruments, and consumables used in biological research and drug development.
- Lab Products and Services (54% of sales): This is the largest segment, encompassing laboratory supplies, equipment, and contract research organization (CRO) services.
Thermo Fisher is continually expanding its offerings and capabilities through strategic partnerships, acquisitions, and technological innovation. The company's robust financial performance underscores its leadership in the industry, driven by consistent revenue growth, strong market presence, and a commitment to advancing scientific research and healthcare.
Recent achievements include technological advancements in analytical instruments, enhanced diagnostic solutions, and expanded biopharma services, reflecting Thermo Fisher's dedication to supporting life-saving research and diagnostic processes. Thermo Fisher remains committed to delivering high-quality products and services, fostering scientific breakthroughs, and maintaining its position at the forefront of scientific innovation.
Thermo Fisher Scientific (NYSE: TMO) has announced that Marc N. Casper, chairman, president and chief executive officer, will deliver a presentation at the 43rd Annual J.P. Morgan Healthcare Conference. The presentation is scheduled for Tuesday, January 14, 2025, at 11:15 a.m. (EST). Interested parties can access the webcast through the Investors section of Thermo Fisher's website at www.thermofisher.com.
Thermo Fisher Scientific (NYSE: TMO) has announced it will release its Q4 and full-year 2024 financial results before market opening on Thursday, January 30, 2025. The company will host a conference call at 8:30 a.m. EST to discuss financial performance and future expectations.
Investors can access the call by dialing (833) 470-1428 within the U.S. or (404) 975-4839 internationally, using access code 706921. The call will also be available on the company's website investor section. A replay will be accessible through February 14, 2025, under the News, Events & Presentations section.
Thermo Fisher Scientific (NYSE: TMO) has announced the completion of a $1 billion share repurchase program, which resulted in the buyback of 1.9 million shares of its common stock. As of December 3, 2024, the company maintains $3 billion in remaining authorization for future share repurchases.
Thermo Fisher Scientific (NYSE: TMO) announced that its Board of Directors has authorized a new $4 billion share repurchase program. The program, which has no expiration date, will allow the company to buy back shares through open market or negotiated transactions. This new authorization replaces the existing program, which had $1 billion remaining.
Thermo Fisher Scientific (NYSE: TMO) has announced that their chairman, president and CEO Marc N. Casper will deliver a presentation at the Wolfe Healthcare Conference. The presentation is scheduled for Tuesday, November 19, 2024, at 8:00 a.m. EDT. Interested parties can watch the live webcast through the Investors section of Thermo Fisher's website.
Thermo Fisher Scientific (NYSE: TMO) has announced its Board of Directors has approved a quarterly cash dividend of $0.39 per common share. The dividend will be paid on January 15, 2025, to shareholders who are on record as of December 13, 2024.
Thermo Fisher Scientific (NYSE: TMO) reported Q3 2024 financial results with revenue of $10.60 billion, flat compared to $10.57 billion in Q3 2023. GAAP EPS was $4.25, down from $4.42, while adjusted EPS reached $5.28, compared to $5.69 in the prior year. The company's operating margin decreased to 17.3% from 17.6% year-over-year.
The quarter featured launches of innovative products, including the Iliad scanning transmission electron microscope and MagMAX Sequential DNA/RNA kit. Thermo Fisher raised its full-year adjusted EPS guidance to $21.35-$22.07 and maintained revenue guidance of $42.4-$43.3 billion.
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, has announced its plans to release third quarter 2024 financial results before the market opens on Wednesday, October 23, 2024. The company will hold a conference call at 8:30 a.m. EDT on the same day to discuss its financial performance and future expectations.
Investors can participate in the call by dialing (833) 470-1428 within the U.S. or (404) 975-4839 outside the U.S., using the access code 296868. The call will also be available for live listening on the "Investors" section of Thermo Fisher's website. A replay of the call will be accessible under "News, Events & Presentations" until Wednesday, November 6, 2024.
Thermo Fisher Scientific (NYSE: TMO) hosted its 2024 Investor Day, showcasing its industry-leading businesses and proven growth strategy. The company highlighted its position in a $235 billion market with long-term growth of 4% to 6%. Thermo Fisher emphasized its high-impact innovation, customer partnerships, and unparalleled commercial engine.
The company's Practical Process Improvement (PPI) Business System was presented as a core element driving competitive advantage and financial performance. Thermo Fisher outlined its disciplined capital deployment approach, focusing on strategic M&A and returning capital to shareholders. The company projects long-term organic revenue growth of 7% to 9% and mid-teens adjusted EPS growth.
Thermo Fisher Scientific, the global leader in serving science, has announced that its chairman, president, and CEO, Marc N. Casper, will be presenting at the Morgan Stanley 22nd Annual Global Healthcare Conference. The presentation is scheduled for Thursday, September 5, 2024, at 8:30 a.m. EDT.
Investors and interested parties can access a live webcast of the presentation through the Investors section of Thermo Fisher's official website, www.thermofisher.com. This event provides an opportunity for stakeholders to gain insights into the company's strategies, performance, and future outlook directly from its top leadership.
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