Thermo Fisher Scientific Inc

Latest Results (07.08.2024):

Revenue Growth

Thermo Fisher Scientific Inc. reported total revenues of $10.54 billion for the second quarter of 2024. This represents a slight decrease compared to the $10.69 billion reported in the same quarter of the previous year. The revenue was driven by both product and service sales, with product revenues contributing $6.16 billion and service revenues contributing $4.38 billion.

Net Income

For the second quarter of 2024, Thermo Fisher Scientific Inc. achieved a net income of $1.55 billion. This is an increase from the $1.36 billion net income reported in the second quarter of 2023. The increase in net income reflects the company's effective cost management and operational efficiencies.

Earnings Per Share

Thermo Fisher Scientific Inc. reported earnings per share (EPS) of $4.05 for the second quarter of 2024. This is a slight increase from the EPS of $3.53 reported in the same quarter of the previous year. The diluted EPS for the quarter was $4.04, compared to $3.51 in the second quarter of 2023.

Operating Income

In the second quarter of 2024, Thermo Fisher Scientific Inc. reported an operating income of $1.82 billion. This is a decrease from the $1.58 billion reported in the second quarter of 2023. The operating income was impacted by higher costs and operating expenses, which totaled $8.72 billion for the quarter.

Cash Flow

Thermo Fisher Scientific Inc. generated $3.21 billion in net cash from operating activities during the first six months of 2024. This is an increase from the $2.27 billion generated in the same period of the previous year. The company ended the second quarter with $7.10 billion in cash and cash equivalents, compared to $8.10 billion at the beginning of the year.