NYSE$TMO

Thermo Fisher Scientific Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Thermo Fisher Scientific reported strong financial results for Q1 2022, marked by significant organic growth and strategic advancements.

Thermo Fisher Scientific reported a 19% increase in revenue to $11.82 billion for the first quarter of 2022. The company's GAAP diluted EPS was $5.61, and adjusted EPS was $7.25. Core organic growth reached 16%, driven by strong performance in the PPD clinical research business and COVID-19 testing revenue of $1.68 billion.

  • Revenue grew by 19% to $11.82 billion, with 16% core organic growth.
  • GAAP diluted EPS was $5.61, and adjusted EPS was $7.25.
  • Launched new products including the Applied Biosystems SeqStudio Flex Series genetic analyzer and the Thermo Scientific TRACE 1600 Series Gas Chromatograph.
  • Expanded bioproduction capacity and signed a 15-year strategic collaboration agreement with Moderna.

Headline financials

Total Revenue

$11.8B

Previous: $9.91B+19.3%
EPS (adj)

$7.25

Previous: $7.21+0.6%
Organic Revenue Growth

3.0%

Previous: 53.0%-94.3%
Capital Expenditures

-$640M

Previous: -$628M-1.9%
Free Cash Flow

$1.58B

Previous: $1.71B-7.5%
Net Income

$2.22B

Previous: $2.34B-5.0%
Operating Income

$2.82B

Previous: $3.05B-7.5%
Gross Profit

$5.6B

Previous: $5.35B+4.8%
Cash & Equivalents

$2.75B

Previous: $5.58B-50.7%
Total Assets

$92.7B

Previous: $65.9B+40.7%
Stock-Based Comp

$78M

Previous: $51M+52.9%

Revenue & EPS history

Thermo Fisher · Revenue · Quarterly

$11.8B

Q1 2022+19.3%vs Q1 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Thermo Fisher · $12.7B total across 4 segments · Q1 2022

  • Lab Products & Biopharma
    $5.44B+51.3%
  • Life Sciences Solutions
    $4.23B+0.7%
  • Analytical Instruments
    $1.52B+9.4%
  • Specialty Diagnostics
    $1.48B-8.2%

Forward guidance

The company will provide updated 2022 financial guidance during its earnings conference call this morning at 8:30 a.m. Eastern Daylight 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 2022

Historical avgQ1 2022

+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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