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Thermo Fisher Scientific Says Update At Analyst Meeting Today Will Include Expected Q3 Organic Revenue Growth Of 24%, Compared With Prior Expectation Of 15%

As previously announced, Thermo Fisher Scientific Inc. (the “Company” or “Thermo Fisher”) will host a virtual Analyst Meeting today. The virtual format will feature presentations by members of

· 09/10/2020 08:38

As previously announced, Thermo Fisher Scientific Inc. (the “Company” or “Thermo Fisher”) will host a virtual Analyst Meeting today. The virtual format will feature presentations by members of Thermo Fisher's senior management team, including an update on business conditions, and conclude with a Q&A session. Among other topics, Stephen Williamson, Senior Vice President and Chief Financial Officer, will provide the Company’s perspective on financial performance based on currently available information. This update will include expected third quarter organic revenue1 growth of 24%, compared to the original expected third quarter organic revenue growth of 15% that Thermo Fisher provided on July 22, 2020, when it announced its second quarter 2020 results. Additionally, Mr. Williamson will communicate that the Company’s initial estimate of fourth quarter organic revenue growth is a range of 13% to 27% and its full year 2020 organic revenue growth is expected to be in the range of 13% to 16%. Actual results could be different from these estimates or outside of these ranges given the greater-than-normal uncertainty that continues to exist in the marketplace. Additional information on these forward-looking estimates will be provided during the presentation.

 

The information contained in Item 7.01 of this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.