NYSE$TMO

Thermo Fisher Scientific Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered strong financial results driven by growth strategy and powered by PPI Business System.

Thermo Fisher Scientific reported strong financial results for the third quarter of 2022. Revenue grew 14% to $10.68 billion, with a Core organic revenue growth of 14%. GAAP diluted EPS was $3.79, and adjusted EPS was $5.08. The company launched innovative new products and expanded capacity with new facilities.

  • Third quarter revenue was $10.68 billion.
  • Third quarter GAAP diluted earnings per share (EPS) was $3.79.
  • Third quarter adjusted EPS was $5.08.
  • Delivered very strong financial results in the third quarter, with 14% Core organic revenue growth and $0.44 billion of COVID-19 testing revenue.

Headline financials

Total Revenue

$10.7B

Previous: $9.33B+14.4%
EPS (adj)

$5.08

Previous: $5.76-11.8%
Organic Revenue Growth

-1.0%

Previous: 7.0%-114.3%
Capital Expenditures

-$1.69B

Previous: -$1.69B-0.1%
Free Cash Flow

-$195M

Previous: $210M-192.9%
Net Income

$1.5B

Previous: $1.9B-21.2%
Operating Income

$1.71B

Previous: $2.28B-24.9%
Gross Profit

$4.43B

Previous: $4.8B-7.6%
Cash & Equivalents

$2.92B

Previous: $12B-75.7%
Total Assets

$90.5B

Previous: $73.6B+23.0%
Stock-Based Comp

$77M

Previous: $51M+51.0%

Revenue & EPS history

Thermo Fisher · Revenue · Quarterly

$10.7B

Q3 2022+14.4%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Thermo Fisher · $11.2B total across 4 segments · Q3 2022

  • Lab Products & Biopharma
    $5.59B+60.2%
  • Life Sciences Solutions
    $2.96B-20.4%
  • Analytical Instruments
    $1.62B+9.8%
  • Specialty Diagnostics
    $1.07B-21.8%

Forward guidance

The company will provide updated 2022 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 Q3 2022

Historical avgQ3 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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