Exhibit 99.1
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News


FOR IMMEDIATE RELEASE
Media Contact Information:
Sandy Pound
Investor Contact Information:
Ken Apicerno
Phone: 781-622-1223Phone: 781-622-1294
E-mail: sandy.pound@thermofisher.comE-mail: ken.apicerno@thermofisher.com
Website: www.thermofisher.com


Thermo Fisher Scientific Reports Fourth Quarter and Full Year 2020 Results


WALTHAM, Mass. (February 1, 2021) – Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today reported its financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter and Full Year 2020 Highlights

Fourth quarter revenue grew 54% to $10.55 billion.
Fourth quarter GAAP diluted earnings per share (EPS) increased 151% to $6.24.
Fourth quarter adjusted EPS increased 100% to $7.09.

Full year revenue grew 26% to $32.22 billion.
Full year GAAP diluted EPS increased 74% to $15.96.
Full year adjusted EPS increased 58% to $19.55.


Led the industry in supporting our customers and enabling the societal response to the pandemic, delivering exceptional results while significantly strengthening the long-term growth trajectory of the company.

Achieved very strong growth in the fourth quarter, generating $3.2 billion of COVID-19 response revenue and accelerating growth momentum in the base business.

Delivered an extraordinary year of high-impact innovation, establishing leadership in COVID-19 testing — highlighted by the Applied Biosystems TaqPath COVID-19 Combo Kit and Amplitude Solution for high-throughput PCR-based testing — while continuing to strengthen our leading offerings in electron microscopy, mass spectrometry, biosciences and bioproduction. During the quarter, we launched the Thermo Scientific Tundra cryo-transmission electron microscope to further democratize this ground-breaking technology.

Continued to build on our industry-leading scale in high-growth and emerging markets during the year, adding single-use bioproduction manufacturing in Suzhou, China, and opening new commercial centers to support our materials science customers in China and South Korea. In the quarter, we announced the formation of a joint venture to establish a biological drug development and manufacturing facility in Hangzhou, China.



The following information was filed by Thermo Fisher Scientific Inc. (TMO) on Monday, February 1, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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