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CLAIM #56427 · Thermo Fisher Scientific Inc (TMO) · 2024Q2 earnings call · Jul 24, 2024 · due Sep 30, 2024

And in terms of adjusted EPS in Q3, I recommend modeling it to be just over 24% of the full-year.

Stephen Williamson · CFO

PENDING
graded after results covering Sep 30, 2024 are reported

How to check this claim

Look at: Q3 adjusted EPS as a percentage of full-year adjusted EPS

It came true if: Q3 adjusted EPS / full-year adjusted EPS between 24% and 25%

Where: Company quarterly earnings release / income statement (Q3 and full-year adjusted EPS figures)

In context

g between $1.3 billion and $1.5 billion in net capital expenditures and free cash flow in the range of $6.5 billion to $7 billion. In terms of capital deployment, we're assuming $3 billion of share buybacks, which were already completed in January. Expect to return approximately $600 million of capital to shareholders this year through dividends and we deployed $3.1 billion to acquire Olink shortly after the Q2 close. Full-year average diluted share count is assumed to be approximately 383 million shares. Finally, I wanted to touch on quarterly phasing to help you with your modeling. Relative to the midpoint of the guide, I recommend modeling Q3 organic revenue growth 1% higher than we delivered in Q2. Also good to model core organic revenue growth in Q3 1% higher than we delivered in Q2. And in terms of adjusted EPS in Q3, I recommend modeling it to be just over 24% of the full-year. So to conclude, we continue to deliver on our commitments. And at the halfway point, we're in a great position to deliver differentiated performance for all our stakeholders in 2024. With that I'll turn the call back over to Raf. Rafael Tejada: Operator, we're ready for the Q&A portion of the call. Operator: Thank you. [Operator Instructions] Our first question is from Michael Ryskin with Bank of America. Michael, your line is now open. Please go ahead. Michael Ryskin: Great. Thanks for taking the questions, guys. Congrats on the quarter. Marc, a high-level one for you to start off maybe, at our Vegas Health Care Conference in May, you made some initial comments about 2025 market expectations. And you said that you expect the tools market next year would be just below the 4 to 6 level it

Verify independently

SEC filings for TMO · Claim quote is verbatim from the 2024Q2 earnings call.