MAAT INDEX

CLAIM #56428 · Thermo Fisher Scientific Inc (TMO) · 2024Q2 earnings call · Jul 24, 2024 · due Dec 31, 2024

The year is progressing as we expected, so we expect that the market will continue to improve modestly in the back half of the year, each quarter being a little better than the quarter before and that our performance will also continue to step up and that will give us momentum going at ‘25

Marc Casper · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

ential improvement in our growth across all four. So really very positive development. PPI business system is really delivering outstanding impact and ultimately feel good about the performance. Capital deployment has been active and good. We've deployed over $6 billion of capital through the first-half of the year, half of it on return of capital and half of it on a very exciting acquisition of Olink, and we're very well positioned at this point to deliver strong results. When I think about 2025, I think the way I would just think about it is we're going give you that in January of 2025. When we have the benefit of the year behind us and we're focused on delivering a great year, we'll be able to give you a view of not only our performance, but how we saw the underlying market conditions. The year is progressing as we expected, so we expect that the market will continue to improve modestly in the back half of the year, each quarter being a little better than the quarter before and that our performance will also continue to step up and that will give us momentum going at ‘25 in the details. We'll give you back -- we'll give you in a few months’ time. Michael Ryskin: Okay, fair enough. And then for my follow-up, I want to focus on China, I think if I heard correctly, you called out that it grew mid-single-digits in the quarter. I want to make sure I heard that right. But if so, that's a bit surprising. Anything you could say in terms of what you're seeing there? Is that also ahead of your expectations and is this just a temporary bump in the quarter or something one-timey or are you seeing some real traction here and you think that can get you into your end? Thanks. Marc Casper: Yes, your hearing is excellent. So yes, we delivered mid-single-digit growth in the quarter. Team did a nice job, really good execution. Comparison was relatively easy in the quarter,

Verify independently

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