Jack Meehan's questions to Thermo Fisher Scientific Inc (TMO) leadership • Q3 2024
Question
Jack Meehan asked about the intra-quarter performance, noting that core organic growth was flat versus the Street's 1% expectation, and questioned if September was weak. He also asked why the full-year guidance range was not narrowed.
Answer
Marc Casper, Chairman, President and CEO, responded that the quarter's growth was largely in line with the company's internal expectations and that there were no significant patterns, aside from minor softness in academic and government at the very end of the quarter. Stephen Williamson, CFO, added that the guidance range was kept for simplicity and advised focusing on the midpoint, noting the largest variable for Q4 is year-end customer spending.