Thermo Fisher Scientific Inc. reported its financial results for the first quarter of 2025, revealing total revenues of $10.364 billion, a slight increase from $10.345 billion in the same period last year. The company achieved a net income of $1.511 billion, compared to $1.331 billion in the prior year, resulting in diluted earnings per share of $3.98, up from $3.46. The operating income for the quarter was $1.716 billion, reflecting a 3% increase from $1.663 billion in the previous year, with an operating income margin of 16.6%, up from 16.1%.
In terms of operational performance, Thermo Fisher experienced a mixed impact across its segments. The Life Sciences Solutions segment reported revenues of $2.341 billion, an increase from $2.285 billion, driven by growth in the bioproduction business. The Analytical Instruments segment also saw a revenue increase to $1.718 billion from $1.687 billion, primarily due to strong demand in electron microscopy. However, the Laboratory Products and Biopharma Services segment faced a decline, with revenues falling to $5.640 billion from $5.723 billion, attributed to reduced demand for COVID-19 related products.
The company has been active in strategic developments, including the announcement of a pending acquisition of Solventum Corporation's Purification & Filtration business for approximately $4.1 billion, expected to close by the end of 2025. This acquisition is anticipated to enhance Thermo Fisher's capabilities in the life sciences sector. Additionally, the company completed the acquisition of Olink Holding AB in July 2024, further strengthening its position in the proteomics market.
Thermo Fisher's cash and cash equivalents increased to $4.134 billion as of March 29, 2025, up from $4.009 billion at the end of 2024. The company reported net cash provided by operating activities of $723 million, a decrease from $1.251 billion in the prior year, while net cash used in investing activities was $527 million. The company continues to focus on its growth strategy, which emphasizes high-impact innovation and expanding its commercial capabilities. Looking ahead, Thermo Fisher expects to maintain its strong financial position, supported by its existing cash flow and available credit facilities.
About THERMO FISHER SCIENTIFIC INC.
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