Business

Thermo Fisher Scientific posts strong 4Q, full-year results

Thermo Fisher Scientific Inc., a maker of laboratory instruments with about 39,000 employees, said its adjusted earnings per share in the fourth quarter grew 23 percent to a record $1.18 as the Waltham-based company’s overall performance for the fourth quarter and for all of 2011 was helped by strong showings in China, India, and Brazil.

Fourth-quarter revenues increased 15 percent to a record $3.13 billion, Thermo Fisher Scientific added.

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For the full year 2011, adjusted earnings per share grew 20 percent to a record $4.16, compared with $3.46 in 2010. Revenues for 2011 grew 11 percent to $11.73 billion, compared with $10.57 billion a year ago, the company said in a press release.

In a statement, company president and chief executive Marc N. Casper said: “Our commitment to innovation drove significant product launches this year across all three business segments, and our expansion in high-growth emerging markets led to strong double-digit performance in China, India, and Brazil. We are gaining significant traction with the additional share gain initiatives we launched in the second half of the year when the economic environment became more challenging.”

Chris Reidy can be reached at reidy@globe.com.
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