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CLAIM #56440 · Thermo Fisher Scientific Inc (TMO) · 2024Q3 earnings call · Oct 23, 2024 · due Dec 31, 2024

Revenue guidance continues to be in the range of $42.4 billion to $43.3 billion and we continue to assume the core organic revenue growth will be in the range of minus 1% to positive 1% for 2024.

Stephen Williamson · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

How to check this claim

Look at: Total company revenue, fiscal year 2024

It came true if: Full-year revenue between $42.4 billion and $43.3 billion

Where: Company income statement (10-K / Q4 earnings release)

In context

h in this segment in Q3 and this was offset by very good underlying growth in our clinical research and pharma services businesses. And as expected, Q3 adjusted operating income declined 18% and adjusted operating margin was 13.5%, which is 290 basis points slower than Q3 2023. In the quarter, we delivered strong productivity, which is more than offset by the expected unfavorable mix and strategic investments. Turning now to guidance, as Marc outlined, our strong performance in Q3, we're raising our 2024 full-year adjusted EPS guidance. We now expect adjusted EPS to be in the range of $21.35 to $22.07, which is a $0.03 increase at the midpoint. As we've done in the past two quarters, at the midpoint, we banked half of the Q3 beat and maintained the remainder as additional cushions for Q4. Revenue guidance continues to be in the range of $42.4 billion to $43.3 billion and we continue to assume the core organic revenue growth will be in the range of minus 1% to positive 1% for 2024. We also continue to assume that the market declines low-single-digits this year. Our proven growth strategy in PPI Business System execution is once again enabling us to take share. Our updated 2024 guidance continues to assume an adjusted operating income margin between 22.5% and 22.8%. And we now expect net interest cost to be in the range of $340 million to $380 million for the year. So another strong quarter, enabling an increase in the guidance outlook for the year. We remain well-positioned to continue to deliver differentiated performance. So it would be helpful to remind you some of the key underlying assumptions behind the guide that remain unchanged from the previous guidance. In 2024, we're assuming just under $100 million of testing revenue and between $300 million to $400 mil

Verify independently

SEC filings for TMO · Claim quote is verbatim from the 2024Q3 earnings call.