Thermo Fisher Scientific ( (TMO) ) has released its Q4 earnings. Here is a breakdown of the information Thermo Fisher Scientific presented to its investors.
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Thermo Fisher Scientific Inc. is a global leader in serving science, focusing on life sciences, analytical instruments, specialty diagnostics, laboratory products, and biopharma services. The company is known for its innovative technologies and comprehensive services that support scientific research and healthcare advancements.
In its latest earnings report, Thermo Fisher Scientific showcased a steady financial performance for the fourth quarter and full year 2024, highlighting a 5% revenue growth in the fourth quarter, with total revenue reaching $11.40 billion. The company also reported growth in its GAAP and adjusted earnings per share, reflecting its robust financial health and strategic initiatives.
Key financial metrics from the report include a 14% increase in fourth-quarter GAAP diluted EPS to $4.78 and an 8% rise in adjusted EPS to $6.10. For the full year, the company maintained flat revenue at $42.88 billion, while GAAP diluted EPS rose by 7% to $16.53 and adjusted EPS increased by 1% to $21.86. Strategic advancements were made through the launch of innovative products and strengthening partnerships, such as collaborations with the University of Arkansas and the National Cancer Institute.
In its strategic efforts, Thermo Fisher Scientific continued to enhance its market leadership by acquiring Olink, a proteomics research solutions provider, and returning $4.6 billion to shareholders through stock buybacks and dividends. These initiatives are part of the company’s growth strategy aimed at expanding its market share and delivering differentiated financial performance.
Looking ahead, Thermo Fisher Scientific’s management remains optimistic about its prospects in 2025, focusing on its growth strategy and operational excellence to create sustained value for stakeholders. The company is poised to leverage its strong foundation and innovative capabilities to drive future growth and enhance customer success.
