Fisher Scientific
General Company Info
Founded in 1902, Fisher Scientific International Inc. (NYSE: FSH) is a leading provider of products and services to the scientific-research community and clinical laboratories. They provide more than 600,000 products and services to its 350,000 customers worldwide in 150 countries. Their target market totals more than $50 Billion in revenues. Fisher facilitates discovery by supplying researchers and clinicians in labs around the world with the tools they need. Their customers range from pharmaceutical and biotech companies to governments, with no single customer representing more than three percent of total sales. Fisher's businesses are organized into two primary reporting segments: scientific products & services and healthcare products & services. Fisher Scientific is a FORTUNE 500 company and a component of the S&P 500.
ThermoElectron Corp. (NYSE:TMO) said in May it would buy the larger Fisher for $10.6 billion in stock, with the deal set to close in the fourth quarter of 2006. The combined company would pair Thermo's core business of making reusable scientific instruments with Fisher's chemical agents and lab equipment.
Headquarters:Hampton, New Hampshire2005 Sales: $5.6 Billion
Employment:19,500 people2005 Net Income: $389.1 Million
Main Businesses
Scientific Products & Services – manufactures and sells products and services primarily to entities conducting scientific research, including drug discovery and drug development, quality and process control and basic research and development as well as to third-party distributors.
Healthcare Products & Services – manufactures and distributes a wide array of diagnostic kits and reagents, equipment, instruments, and other consumable products to hospitals, clinical laboratories, reference laboratories, physicians' offices, as well as third-party distributors located primarily in the U.S.
In the news
September 2006 –Thecurrent and next fiscal year consensus EPS estimate for this stock has changed from 3.97 to 3.98 and 4.51 to 4.52, respectively. For details, go to
August 30, 2006 - Thermo Electron Corporation and Fisher Scientific International announced that, at separate special meetings held today, stockholders of both companies have voted to approve their merger. At the Fisher stockholders meeting, more than 99 percent of the shares represented were voted in favor of the transaction, constituting a significant majority of the outstanding Fisher shares. More than 98 percent of the Thermo shares represented at the Thermo meeting were voted in favor of the issuance of shares in the transaction.
August 24, 2006 – Thermo Electron Corp. and Fisher Scientific International Inc. said they will sell off a Fisher product line to satisfy an issue raised by the Federal Trade Commission over their planned merger. The companies said the decision to sell the $17 million line was prompted by a second request for information from the FTC. No buyer was named yet for the product line.
May 8, 2006- Thermo Electron Corporation and Fisher Scientific International Inc. announced today that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies in a tax-free, stock-for-stock exchange. The merger will create the leading provider of laboratory products and services in the high-growth life, laboratory and health sciences industry. The new company will be named Thermo Fisher Scientific Inc. and is expected to have 2007 revenues of more than $9 billion.
Top Competitors
Beckton Dickson & Co.- makes labware, cellular analysis systems, and growth media.
Corning- manufactures products made from specialty glass, ceramics, and related materials.
VWR International- distributes products that range from chemicals to lab instruments to protective clothing made by other companies
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Sources: Company website, Hoovers.com, and Morningstar.com