Stoky
Back to explore
N
NoahListening
A
AshListening
0:00 / 0:00I. Business Overview and Segment Performance
TMO logo

Thermo Fisher Revenues Fall 5% to $42.9B Amid COVID Drop

TMO10-KFiling Date: 2/22/2024
Thermo Fisher Scientific Inc.
Description

What this story covers

Thermo Fisher Scientific's 2023 10-K reveals revenues down 5 percent to 42 point 9 billion dollars, driven by reduced COVID-19 sales, with organic growth -5 percent. Segments varied: Life Sciences -26 percent, Analytical Instruments +10 percent. Adjusted EPS 21 dollars 55 cents, down 7 percent. Strong free cash flow 7 billion dollars supports acquisitions like Binding Site and proposed Olink. Restructuring saves 0 point 5 billion dollars annually. Liquidity robust with 8 point 1 billion dollars cash.

Story snapshot

CompanyThermo Fisher Scientific Inc.
TickerTMO
VariantStandard detailed
Duration16:31
Filing type10-K
PeriodAnnual 2023
IndustryHealthcare & Pharmaceuticals
Accession0000097745-24-000007

Full Story Script

Content not available for this story.

Ask Noah

Question the story, source filings, and key financial signals.

Sign in to chat with Noah

Ask questions about revenue, margins, risk factors, filings and more. Noah uses retrieval-augmented analysis over raw financial disclosures.

Sign in