Thermo Fisher Q1 revenue $10.71B (-9% YoY); GAAP EPS $3.32, adjusted EPS $5.03

THERMO FISHER SCIENTIFIC INC.

2023-Q1 EPS reported $3.32 revenue$10,710,000,000

Revenue $10.71B, down 9% YoY; core organic growth 6%; COVID testing revenue $0.14B.
GAAP EPS $3.32 vs $5.61 YoY; adjusted EPS $5.03 vs $7.25 YoY.
GAAP operating margin 14.6% vs 23.9%; adjusted operating margin 21.8% vs 29.2%.
Repurchased $3.0B stock, increased dividend 17%, completed acquisition of The Binding Site.
Guidance update to be provided on earnings call.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

THERMO FISHER SCIENTIFIC INC. reported first quarter ended April 1, 2023 results: revenue $10.71 billion, EPS $5.03.

Period: first quarter ended April 1, 2023
Revenue: $10.71 billion
EPS: $5.03
Result: reported results

Exact text from the filing

results for the first quarter ended April 1, 2023. First Quarter 2023 Highlights • Delivered very strong financial results during the first quarter. • First quarter revenue was $10.71 billion, 9% lower versus the same quarter last year. Core organic revenue growth was 6%. • First quarter GAAP diluted earnings per share (EPS) was $3.32. • First quarter adjusted EPS was

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THERMO FISHER SCIENTIFIC INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-013041

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