Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Reports Q1 2024 Financial Results and Raises Guidance
Summary
Thermo Fisher Scientific Inc. reported financial results for the first quarter of 2024, showing a 4% increase in GAAP diluted EPS to $3.46 and a 2% increase in adjusted EPS to $5.11. The company announced a 11% increase in its dividend and repurchased $3.0 billion of stock. Revenue for the quarter was $10.34 billion, a 3% decline from the previous year. The company also raised its full-year revenue and adjusted EPS guidance to reflect stronger operational performance.
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About Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. is a world-leading biotechnology company that provides essential tools and services for life sciences, biotechnology, pharmaceutical, and healthcare industries. Renowned for its extensive portfolio, the company specializes in offering innovative laboratory products, analytical instruments, and software solutions critical for research, diagnostics, and clinical applications. Thermo Fisher enables scientists to perform complex experiments with cutting-edge technology, from DNA sequencing and cell analysis to clinical diagnostics and specialty chemicals. Serving a vast array of sectors, the company impacts fields such as diagnostics, genetic engineering, and environmental monitoring. Its strategic acquisitions and collaborations strengthen its market presence, making it a go-to partner for scientific advancements and innovation. With operations spanning over 50 countries, Thermo Fisher plays a pivotal role in driving scientific discovery and improving health outcomes globally.
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