NYSE$TMO

Thermo Fisher Scientific Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Thermo Fisher Scientific reported a significant increase in revenue and earnings per share due to the COVID-19 response and growth in the base business.

Thermo Fisher Scientific reported a strong first quarter in 2021, with revenue increasing by 59% to $9.91 billion and GAAP diluted EPS increasing by 198% to $5.88. The company's performance was driven by its role in enabling the COVID-19 response and accelerated growth in the base business. They also announced an agreement to acquire PPD, Inc. after the quarter end.

  • Revenue increased 59% to $9.91 billion.
  • GAAP diluted earnings per share (EPS) increased 198% to $5.88.
  • Adjusted EPS increased 145% to $7.21.
  • The company continued to play a significant role in enabling the COVID-19 response.

Headline financials

Total Revenue

$9.91B

Previous: $6.23B+59.0%
EPS (adj)

$7.21

Previous: $2.94+145.2%
Adjusted Operating Margin

35.4%

Previous: 22.1%+60.2%
Organic Revenue Growth

53.0%

No prior period
GAAP Operating Margin

30.8%

No prior period
Capital Expenditures

-$628M

Previous: -$253M-148.2%
Free Cash Flow

$1.71B

Previous: $535M+219.4%
Net Income

$2.34B

Previous: $788M+196.6%
Operating Income

$3.05B

Previous: $906M+236.5%
Gross Profit

$5.35B

Previous: $2.87B+86.7%
Cash & Equivalents

$5.58B

Previous: $2.98B+87.3%
Total Assets

$65.9B

Previous: $58.7B+12.3%
Stock-Based Comp

$51M

Previous: $46M+10.9%

Revenue & EPS history

Thermo Fisher · Revenue · Quarterly

$9.91B

Q1 2021+59%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Thermo Fisher · $10.8B total across 4 segments · Q1 2021

  • Life Sciences Solutions
    $4.2B+136.9%
  • Lab Products & Biopharma
    $3.6B+31.8%
  • Specialty Diagnostics
    $1.62B+68.6%
  • Analytical Instruments
    $1.39B+26.0%

Forward guidance

The company will provide updates on its 2021 financial guidance during its earnings conference call this morning at 8:30 a.m. Eastern time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.5%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.1%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+9.9%

Q2 2012

Best reaction

-7.8%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-8.5%-12.7%
Q4 2025-4.6%-6.2%-14.3%
Q3 2025+1.5%+1.0%+5.3%
Q2 2025+3.2%+5.8%+6.3%
Q1 2025-0.7%-3.1%-9.4%
Q4 2024+6.8%+2.2%-6.9%
Q3 2024-4.9%-5.8%-12.5%
Q2 2024+7.7%+9.4%+9.8%
Q1 2024-0.5%+0.4%+1.6%
Q4 2023-2.6%-2.7%+1.6%
Q3 2023-3.9%-5.3%+7.1%
Q2 2023-1.9%-3.9%-5.1%
Q1 2023-1.0%+0.0%-4.8%
Q4 2022+2.9%+1.0%-1.9%
Q3 2022-3.2%-0.1%+7.1%
Q2 2022+2.8%+0.7%-3.1%
Q1 2022+6.2%+5.0%+10.0%
Q4 2021+0.1%-1.2%-7.9%
Q3 2021+1.9%+4.4%+5.0%
Q2 2021+0.7%+0.6%+3.4%
Q1 2021-3.2%-4.2%-3.4%
Q4 2020+1.7%-3.4%-11.5%
Q3 2020+3.6%+3.7%-3.1%
Q2 2020+1.8%+2.6%+6.3%
Q1 2020+0.3%+7.2%+6.5%
Q4 2019-6.2%-2.4%-12.9%
Q3 2019+4.4%+6.7%+9.5%
Q2 2019-1.0%-1.6%-8.3%
Q1 2019+2.1%+3.3%+3.0%
Q4 2018+3.7%+2.8%+11.5%
Q3 2018+3.1%+2.2%+5.2%
Q2 2018+5.7%+4.2%+6.0%
Q1 2018+0.3%-1.3%+0.2%
Q4 2017+3.6%-2.9%-3.8%
Q3 2017+3.1%-1.2%-0.4%
Q2 2017-2.7%-2.6%-1.6%
Q1 2017+5.0%+4.9%+9.2%
Q4 2016+6.7%+5.7%+11.1%
Q3 2016-0.6%-1.4%-2.6%
Q2 2016-0.0%-1.5%-4.1%
Q1 2016-2.0%
Q4 2015-2.8%
Q3 2015-3.6%
Q2 2015+3.0%
Q1 2015-3.6%
Q4 2014+0.7%
Q3 2014-1.7%
Q2 2014+2.0%
Q1 2014-4.1%
Q4 2013+3.0%
Q3 2013+1.3%
Q2 2013+1.9%
Q1 2013-0.6%
Q4 2012+6.2%
Q3 2012+7.1%
Q2 2012+9.9%
Q1 2012+4.1%
Q4 2011-0.1%
Q4 2010-0.1%
Q3 2011-1.5%
Q2 2011-7.8%
Q1 2011-0.2%
Q3 2010-1.7%
Q2 2010+1.0%
Q1 2009-6.2%
Q1 2010+0.2%
Q4 2007-1.3%
Q4 2009-1.3%
Q3 2008-2.8%
Q3 2009-2.8%
Q2 2008+0.5%
Q2 2009+0.5%
Q4 2008+0.5%

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