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) launched Managed Equipment Solutions, a subscription-based service that combines instrument procurement with essential support and services. This offering caters to biopharma companies, academic institutions, and healthcare organizations, aiming to enhance financial flexibility and operational efficiency.
Customers can bundle premium technologies with predictable costs, upgrading instruments every three to five years. The solution aims to reduce ownership costs and streamline the procurement process.
Thermo Fisher Scientific (NYSE: TMO) announced that CEO Marc N. Casper will present at the 39th Annual J.P. Morgan Healthcare Conference on January 11, 2021, at 3:40 p.m. (EDT). The presentation will cover the company's insights on the COVID-19 pandemic and future financial outlook. The webcast can be accessed through the Investors section of the company's website. Thermo Fisher has an annual revenue exceeding $25 billion and employs over 75,000 people globally.
Thermo Fisher Scientific (NYSE: TMO) will release its financial results for Q4 and full year 2020 before markets open on February 1, 2021. A conference call is scheduled for 8:30 a.m. EDT on the same day to discuss performance and future expectations. The company generated over $25 billion in annual revenue, serving a global customer base in life sciences, diagnostics, and laboratory productivity. For more details, visit thermofisher.com.
Thermo Fisher Scientific (NYSE: TMO) announced its intention to redeem approximately $2.6 billion of Senior Notes on January 15, 2021. This includes €0.5 billion of 2.150% Senior Notes due 2022, $1.0 billion of 3.000% Senior Notes due 2023, and $1.0 billion of 4.150% Senior Notes due 2024. The redemption price will be based on either the principal amount or the present value of remaining scheduled payments. Funding for this redemption will come from cash on hand. Thermo Fisher continues to lead in scientific innovation with annual revenues exceeding $25 billion.
Thermo Fisher Scientific (NYSE: TMO), a leader in serving science, will have CEO Marc N. Casper present virtually at the Evercore ISI HealthCONx Conference on December 1, 2020, at 1:00 p.m. (EST). The presentation will cover the company's insights regarding the impact of the COVID-19 pandemic and outline expectations for future financial performance. Thermo Fisher, with over $25 billion in annual revenue, aims to support customers in making the world healthier, cleaner, and safer. Access the live webcast on their website.
Thermo Fisher Scientific (NYSE: TMO) has appointed R. Alexandra "Alex" Keith to its board of directors, expanding the board to 13 members. Keith, CEO of Procter & Gamble's global Beauty business, oversees a $13 billion segment with 10,000 employees. This appointment is expected to strengthen Thermo Fisher's brand with customers worldwide. Marc N. Casper, CEO of Thermo Fisher, praised her leadership and innovation. Keith has been recognized as one of the "Fortune Most Powerful Women International" from 2018 to 2020.
Thermo Fisher Scientific (NYSE:TMO) has partnered with Innoforce to establish a new pharma services facility in Hangzhou, China, aimed at integrated biologics and sterile drug development. Expected to be operational by 2022, this state-of-the-art facility will enhance Thermo Fisher's global pharma network, offering services that align with stringent regulatory guidelines. The collaboration is poised to meet rising demand for biologics in China and facilitate drug development for both regional and global clients.
Thermo Fisher Scientific has declared a quarterly cash dividend of $0.22 per share, payable on January 15, 2021. Shareholders on record as of December 15, 2020 will receive this dividend. The company also authorized a significant $2.5 billion share repurchase program, replacing the previous $1 billion authorization. This repurchase program does not have an expiration date, indicating the company's confidence in enhancing shareholder value.
Thermo Fisher Scientific (TMO) announced impressive Q3 2020 results, reporting revenue of $8.52 billion, a 36% increase from Q3 2019. GAAP diluted EPS soared 157% to $4.84, while adjusted EPS rose 91% to $5.63. COVID-19 related revenue amounted to $2.0 billion, bolstering the company's pandemic response efforts, including new testing solutions and the opening of a new facility in Singapore. The company also donated over $25 million to support HBCUs during the pandemic. Overall, TMO is positioned for strong future growth.
Thermo Fisher Scientific (NYSE:TMO) has expanded the Emergency Use Authorization (EUA) for its TaqPath COVID-19 Combo Kit to incorporate nasal swab specimens collected via Everlywell's COVID-19 Test Home Collection Kit. This partnership aims to enhance access to PCR-based testing, increasing convenience for individuals. With more than 10,000 employees participating in a pilot program for at-home testing, Thermo Fisher aims to bolster workplace safety as organizations seek to manage COVID-19 risks. Note that this home collection kit is authorized under an EUA and not FDA approved.
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