Thermo Fisher Scientific Inc (LIM:TMO)
$ 414.9 (0%) Market Cap: 159.10 Bil Enterprise Value: 187.44 Bil PE Ratio: 24.72 PB Ratio: 3.22 GF Score: 82/100

Q4 2024 Thermo Fisher Scientific Inc Earnings Call Transcript

Jan 30, 2025 / 01:30PM GMT
Release Date Price: $607.5

Key Points

Positve
  • Thermo Fisher Scientific Inc (TMO) reported strong revenue growth of 5% year over year in Q4, reaching $11.4 billion.
  • The company achieved an 8% increase in adjusted EPS for Q4, reaching $6.10 per share.
  • Thermo Fisher Scientific Inc (TMO) expanded its adjusted operating margins by 50 basis points to 23.9% in Q4.
  • The company launched several innovative products in 2024, including the Thermo Scientific Stellar mass spectrometer and the Thermo Scientific Iliad Scanning Transmission Electron Microscope.
  • Thermo Fisher Scientific Inc (TMO) returned $4.6 billion of capital to shareholders in 2024 through stock buybacks and dividends.
Negative
  • The pharma and biotech segment experienced a low single-digit decline for the full year, impacted by a mid-single-digit headwind from the runoff of vaccine and therapy-related revenue.
  • Diagnostics and healthcare declined in low single digits for the full year, affected by the runoff of COVID-19 testing-related revenue.
  • The Laboratory Products and Biopharma Services segment saw an 8% decline in adjusted operating income for the full year.
  • The company faces a 1% headwind from the remaining runoff of pandemic-related revenue in its 2025 guidance.
  • Thermo Fisher Scientific Inc (TMO) anticipates a 1.5% revenue headwind from foreign exchange in 2025.
Operator

Good morning, ladies and gentlemen, and welcome to the Thermo Fisher Scientific 2024 fourth-quarter conference call. My name is Ezra, and I will be your coordinator today. (Operator Instructions)

I would like to introduce our moderator for the call, Mr. Rafael Tejada, Vice President, Investor Relations. Mr. Tejada, you may begin the call.

Rafael Tejada
Thermo Fisher Scientific Inc - Vice President - Investor Relations

Good morning, and thank you for joining us. On the call with me today is Marc Casper, our Chairman, President, and Chief Executiv*e Officer; and Stephen Williamson, Senior Vice President and Chief Financial Officer.

Please note, this call is being webcast live and will be archived on the Investors section of our website, thermofisher.com, under the heading News, Events, and Presentations until February 13, 2025. A copy of the press release of our fourth-quarter and full-year 2024 earnings is available in the Investors section of our website under the heading Financials.

So before we begin, let me briefly cover our

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