TMO - Thermo Fisher Scientific Inc. (TMO) TD Cowen 44th Annual Health Care Conference (Transcript)
2024-03-06 14:32:06 ET
Thermo Fisher Scientific Inc. (TMO)
TD Cowen 44th Annual Health Care Conference
March 06, 2024, 09:10 AM ET
Company Participants
Marc Casper - Chairman, President and CEO
Conference Call Participants
Dan Brennan - TD Cowen
Presentation
Dan Brennan
Great. Welcome, Day 3 of the TD Cowen Global Healthcare Conference, 44th Annual. I'm Dan Brennan, I cover tools, diagnostics here. Really pleased to be joined with me on stage here, Marc Casper, Chairman, President and CEO of Thermo Fisher. So, Marc, welcome.
Marc Casper
Thank you, Dan. Great to be here.
Question-and-Answer Session
Q - Dan Brennan
Terrific. So Marc, maybe to kick it off as you reflect on 2023, which proved to be a challenging year for Thermo and the life science tools industry, what did the organization learn and in what ways does this influence your future performance and strategy?
Marc Casper
Yes, Dan, thanks for having us. I'm here with [Eileen Pattinson] who's on our IR leadership, as when I think about last year. So the pros or the positives, right, which is we deliver differentiated performance in terms of share gain, in terms of how our financials played out relative to the industry. You saw the benefits of our PPI business system in terms of really navigating a challenging environment. It was a good year on capital deployment. So those are the positives. I'm sure there are others.
We didn't make our numbers right. So I acknowledge that some things went well, but the learnings from my perspective is really the energy, right, which is I've never been more excited and I think I love what I do. It's a privilege to serve. I've never been more excited than 2024, because when you don't have the year that you want to have, you either get super energized to make the year you're in the one you want to have or you don't....
Thermo Fisher Scientific Inc. (TMO) TD Cowen 44th Annual Health Care Conference (Transcript)