Summary
Thermo Fisher Scientific Inc. (TMO) reported an incident at one of its data centers on June 25, 2019, where an overheated HVAC component triggered a fire suppressant system. While no actual fire occurred, the deployment of suppressant gas temporarily disrupted procurement and fulfillment systems. This disruption led to some customers experiencing delays in order placement and shipment, with certain second-quarter orders expected to be fulfilled in the third quarter. Despite the operational challenges, Thermo Fisher does not anticipate any impact on its full-year 2019 financial guidance. The company is actively working to restore its systems, with many already back online. Further details regarding the order fulfillment shift and potential financial implications will be discussed during the company's earnings call on July 24, 2019. Investors should monitor this call for more specific information.
Key Highlights
- 1Fire suppressant system activated at a TMO data center due to an HVAC unit malfunction, no fire occurred.
- 2Temporary disruption to procurement and fulfillment systems affected order placement and shipments for some customers.
- 3Expectation of some Q2 orders to be fulfilled in Q3, impacting short-term revenue recognition.
- 4Company does not expect any impact on its full-year 2019 financial guidance.
- 5Many systems at the data center have been restored.
- 6Additional details to be provided during the Q2 2019 earnings call on July 24, 2019.