NYSE$TMO

Thermo Fisher Scientific Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Thermo Fisher Scientific reported an increase in revenue and adjusted EPS for the third quarter of 2021, driven by strong performance across its business segments.

Thermo Fisher Scientific reported a 9% increase in revenue to $9.33 billion for the third quarter of 2021. GAAP diluted EPS was $4.79, and adjusted EPS was $5.76. The company is raising its 2021 revenue and earnings guidance.

  • Third quarter revenue increased 9% to $9.33 billion.
  • Third quarter GAAP diluted earnings per share (EPS) was $4.79.
  • Third quarter adjusted EPS was $5.76.
  • The company is raising its revenue guidance by $1.2 billion to $37.1 billion and its adjusted EPS guidance by $1.30 to $23.37 for 2021.

Headline financials

Total Revenue

$9.33B

Previous: $8.52B+9.5%
EPS (adj)

$5.76

Previous: $5.63+2.3%
Adjusted Operating Margin

29.8%

Previous: 32.9%-9.4%
Organic Revenue Growth

7.0%

No prior period
Capital Expenditures

-$1.69B

Previous: -$888M-90.5%
Free Cash Flow

$210M

Previous: $1.05B-79.9%
Net Income

$1.9B

Previous: $1.93B-1.6%
Operating Income

$2.28B

Previous: $2.43B-6.1%
Gross Profit

$4.8B

Previous: $4.46B+7.7%
Cash & Equivalents

$12B

Previous: $7.54B+59.5%
Total Assets

$73.6B

Previous: $64.1B+14.9%
Stock-Based Comp

$51M

Previous: $52M-1.9%

Revenue & EPS history

Thermo Fisher · Revenue · Quarterly

$9.33B

Q3 2021+9.5%vs Q3 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Thermo Fisher · $10B total across 4 segments · Q3 2021

  • Life Sciences Solutions
    $3.72B+8.7%
  • Lab Products & Biopharma
    $3.49B+12.1%
  • Analytical Instruments
    $1.48B+10.5%
  • Specialty Diagnostics
    $1.36B-4.8%

Forward guidance

Thermo Fisher is raising its 2021 revenue and earnings guidance.

Tailwinds

  • Raising revenue guidance by $1.2 billion to $37.1 billion.
  • This would result in 15% revenue growth over 2020.
  • Raising adjusted EPS guidance by $1.30 to $23.37.
  • This would represent 20% growth year over year.
  • On track to deliver another outstanding year and set the company up for an even brighter future.

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 Q3 2021

Historical avgQ3 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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