Thermo Fisher Scientific, Inc. (NYSE:TMO) Q1 2019 Earnings Conference Call Transcript

Apr 24, 2019 • 08:30 am ET

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Thermo Fisher Scientific, Inc. (NYSE:TMO) Q1 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good morning, ladies and gentlemen, and welcome to the Thermo Fisher Scientific 2019 First Quarter Conference Call. My name is Krista, and I'll be your conference operator today. At this time, all lines have been placed on mute to prevent any background noise. And after the speakers' remarks, we will have a question-and-answer session. (Operator Instructions)

Thank you. I would like to introduce our moderator for the call, Mr. Ken Apicerno, Vice President, Investor Relations, Mr. Apicerno, you may begin the call.

Executive
Kenneth J. Apicerno

Good morning, and thank you for joining us. On the call with me today is Marc Casper, our President and Chief Executive Officer; and Stephen Williamson, Senior Vice President and Chief Financial Officer. Please note that this call is being webcast live and will be archived on the Investors section of our website thermofisher.com under the heading Webcasts & Presentations until May 10th, 2019. A copy of the press release of our first quarter 2019 earnings and future expectations is available in the Investors section of our website under the heading Financial Results.

So before we begin, let me briefly cover our Safe Harbor statement. Various remarks that we may make about the Company's future expectations, plans and prospects, constitute forward-looking statements for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995.

Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 under the caption Risk Factors, which is on file with the Securities and Exchange Commission and also available in the Investor section of our website under the heading, SEC filings. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change. Therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.

Also during this call, we'll be referring to certain financial measures not prepared in accordance with Generally Accepted Accounting Principles or GAAP. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures is available on the press release of our first quarter 2019 earnings and future expectations and also in the Investors section of our website under the heading Financial Information.

So with that, I'll now turn the call over to Marc.

Executive
Marc N. Casper

Thanks, Ken, and good morning everyone. Thank you for joining us today for our Q1 call. As you saw in our press release, we had a strong start to the year. We delivered another quarter of excellent growth on both the top and bottom line.

We continue to effectively execute our growth strategy to put Thermo Fisher in the strongest position to serve our customers. We launched a number of innovative new products, capitalized on our leadership in high-growth and emerging markets and strengthened our unique customer value proposition. We also