NYSE$TMO

Thermo Fisher Scientific Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Thermo Fisher Scientific reported strong growth in revenue, earnings, and free cash flow, driven by the societal response to the pandemic and momentum in the base business.

Thermo Fisher Scientific Inc. reported a significant increase in its financial performance for the fourth quarter and full year ended December 31, 2020. The company's fourth-quarter revenue grew by 54% to $10.55 billion, with GAAP diluted EPS increasing by 151% to $6.24 and adjusted EPS increasing by 100% to $7.09.

  • Fourth quarter revenue grew 54% to $10.55 billion.
  • Fourth quarter GAAP diluted earnings per share (EPS) increased 151% to $6.24.
  • Fourth quarter adjusted EPS increased 100% to $7.09.
  • Generated $3.2 billion of COVID-19 response revenue and accelerating growth momentum in the base business.

Headline financials

Total Revenue

$10.6B

Previous: $6.83B+54.5%
EPS (adj)

$7.09

Previous: $3.55+99.7%
Adjusted Operating Margin

33.3%

Previous: 24.9%+33.7%
Organic Revenue Growth

51.0%

Previous: 5.0%+920.0%
GAAP Operating Margin

29.1%

No prior period
Capital Expenditures

$586M

Previous: $289M+102.8%
Free Cash Flow

$2.75B

Previous: $1.64B+67.7%
Net Income

$2.5B

Previous: $1B+149.3%
Operating Income

$3.07B

Previous: $1.23B+149.3%
Gross Profit

$5.68B

Previous: $3.16B+79.9%
Cash & Equivalents

$10.3B

Previous: $2.4B+330.4%
Total Assets

$69.1B

Previous: $58.2B+18.7%
Stock-Based Comp

$51M

Previous: $43M+18.6%

Revenue & EPS history

Thermo Fisher · Revenue · Quarterly

$10.6B

Q4 2020+54.5%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Thermo Fisher · $11.6B total across 4 segments · Q4 2020

  • Life Sciences Solutions
    $4.37B+137.6%
  • Lab Products & Biopharma
    $3.62B+27.6%
  • Specialty Diagnostics
    $1.97B+109.5%
  • Analytical Instruments
    $1.64B+7.8%

Forward guidance

The company will provide 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 Q4 2020

Historical avgQ4 2020

+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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