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CLAIM #56248 · Thermo Fisher Scientific Inc (TMO) · 2023Q1 earnings call · Apr 26, 2023 · due Dec 31, 2023

We estimate the full year average diluted share count will be approximately 388 million shares.

Stephen Williamson · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

How to check this claim

Look at: Full year average diluted share count, fiscal 2023

It came true if: Between 384 and 392 million shares (approximately 388 million)

Where: Company 10-K / Q4 2023 earnings release, income statement diluted share count

In context

es and therapies revenue in 2023. This is $1.2 billion less than the prior year, a 3% impact on core organic revenue growth. It's worth noting that the majority of our vaccine and therapy revenue in 2023 is expected to be in our pharma services business. With regards to testing revenue, we continue to assume $400 million for 2023. We're assuming The Binding Site acquisition will contribute approximately $250 million to our reported revenue growth this year. Below the line, we expect net interest expense in 2023 to be approximately $480 million. We continue to assume that net capital expenditures will be approximately $2 billion in 2023 and free cash flow is assumed to be $6.9 billion for the year. Our guidance includes $3 billion of share buybacks, which were already completed in January. We estimate the full year average diluted share count will be approximately 388 million shares. And we're assuming we return approximately $540 million of capital to shareholders this year through dividends, a 17% increase over 2022. So turning now to the assumptions that have changed. As I mentioned earlier, our FX assumption for the year has changed. We still expect FX to be a tailwind to revenue of approximately $100 million or 0.2%. However, we now expect it to be a headwind to adjusted EPS of $0.06. That's $0.10 more of a headwind than the previous guidance due to changes in rates and the expected mix of our currencies. Guidance assumes adjusted operating margins for 2023 to be in the range of 23.8% to 23.9% for the year. The adjusted tax rate assumption has improved slightly from our initial guide. We now expect it to be 10.8% for the full year. And finally, I wanted to touch

Verify independently

SEC filings for TMO · Claim quote is verbatim from the 2023Q1 earnings call.