MAAT INDEX

CLAIM #56272 · Thermo Fisher Scientific Inc (TMO) · 2023Q2 earnings call · Jul 26, 2023 · due Dec 31, 2024

Financially, we expect the business to deliver low-double-digit growth and be accretive to adjusted EPS by $0.03 in 2024.

Marc Casper · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

How to check this claim

Look at: CorEvitas segment/business revenue growth rate and its contribution to adjusted EPS, fiscal year 2024

It came true if: Revenue growth of 10-19% (low-double-digit) AND adjusted EPS accretion of approximately $0.03 (0.02-0.04)

Where: Company-disclosed segment revenue growth and adjusted EPS accretion commentary (10-K / Q4 2024 earnings call / investor presentations)

In context

tine clinical care. This is a high growth market segment as pharmaceutical and biotechnology customers, as well as regulating bodies are increasingly looking to monitor and evaluate the safety of approved medicines and examine their effectiveness and value in a post approval setting. CorEvitas will further strengthen our capabilities to serve our pharma and biotech customers. It's an excellent strategic fit for our company and highly complementary to our clinical research business. There is strong market demand for real world evidence, which improves decision making and reduces the time and cost associated with drug development. The acquisition is expected to be completed by the end of this year, and I'm very excited about what this will mean for our customers and the patients they serve. Financially, we expect the business to deliver low-double-digit growth and be accretive to adjusted EPS by $0.03 in 2024. So overall strong progress in the second quarter for capital deployment. During the quarter, we advanced our environmental, social and governance priorities including launching a partnership with Pfizer to increase local access to next generation sequencing based testing for lung and breast cancer patients in more than 30 countries across Latin America, Africa, the Middle East, and Asia. These are areas where advanced genomic testing has previously been limited or unavailable. Access to local NGS testing can help to provide faster analysis of associated genes, empowering healthcare providers to select the right therapy for that individual patient. Through the partnership, we will work with local labs using our NGS technology to ensure they meet industry standards for NGS testing for breas

Verify independently

SEC filings for TMO · Claim quote is verbatim from the 2023Q2 earnings call.