Question-and-Answer Session
Operator
Thank you. In order to allow everyone in the queue an opportunity to address the Thermo Fisher Scientific management team, I would like to ask that you limit your time on the call to one or two questions. If you have additional questions, please return to the queue and pose your questions in turn. (Operator Instructions).
Our first question comes from the line of Ross Muken from Deutsche Bank. Please proceed.
Ross Muken - Deutsche Bank
You know, coming out of the first quarter I think there were sort of three key investor concerns that hopefully were sort of addressed today, but I think to a degree that maybe you could sort of comment and give yourself a bit of a report card in terms of how you reacted to. One, part of some of the issues that we have seen over the last four quarters in terms of the global downturn and then some of the key investor concerns and maybe I'll list them and you can comment on each.
And the first was sort of around consumable weakness, we have sort of seen that now bounce back so relative to sort of your initial expectations of how this business would perform in this market. Do you think this quarter was sort of more indicative of the trend?
The second was on operating leverage; a lot was made of sort of the fact that maybe you didn't restructure enough and obviously with the leverage in this quarter; I'm curious to think, to see now if you think sort of the steps you took were proper.
Then lastly, on capital deployment, you obviously bought back a lot of stock that was sort of a concern. Do you feel like the mix that you put forward this quarter again, sort of now positions you going forward, in sort of the way that probably best will serve shareholders versus some of the concerns heading out of Q1?
Marijn Dekkers
Good questions. Well, let me just give first a general comment and I think we made very clear during our analyst presentation back in May in New York, and also in the conference call after Q1, that our intention through this period is to come out of this recession as a stronger industry leader. And all the things that we've done since September of last year, when we were experiencing tougher times, have been with that in mind.
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