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Apr 03, 2021
Thermo Fisher Q1 2021 Earnings Report
Thermo Fisher Scientific reported a significant increase in revenue and earnings per share due to the COVID-19 response and growth in the base business.
Key Takeaways
Thermo Fisher Scientific reported a strong first quarter in 2021, with revenue increasing by 59% to $9.91 billion and GAAP diluted EPS increasing by 198% to $5.88. The company's performance was driven by its role in enabling the COVID-19 response and accelerated growth in the base business. They also announced an agreement to acquire PPD, Inc. after the quarter end.
Revenue increased 59% to $9.91 billion.
GAAP diluted earnings per share (EPS) increased 198% to $5.88.
Adjusted EPS increased 145% to $7.21.
The company continued to play a significant role in enabling the COVID-19 response.
Revenue by Segment
Forward Guidance
The company will provide updates on its 2021 financial guidance during its earnings conference call this morning at 8:30 a.m. Eastern time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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