2024-05-08 09:05:15 ET
Summary
- Thermo Fisher's challenging period is likely behind them, with growth expected to resume in the second half of the year.
- The company's Q1 earnings showed a decrease in sales, but the impact of the pandemic on the sector is still evident.
- Thermo Fisher's strong control over spending and maintained debt ratios position them well for future growth opportunities.
Introduction
Thermo Fisher ( TMO ) has faced a challenging period over the last eighteen months, something I delved into in depth in my first article about the company ( link here ). However, following the latest earnings presentation, I believe we can confirm that the worst is behind us, and it is very likely that growth will resume in the second half of the year, restoring the company's usual efficiency. We will discuss this more thoroughly throughout the article, but as a summary, I think the current macroeconomic situation for Thermo Fisher will allow it to return to the sales growth rates it was achieving before the pandemic....
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Thermo Fisher: Storm Weathered, Ready To Grow Again