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Merck & Co Inc. (MRK) Q4 2018 Results - Earnings Call Transcript

Feb. 01, 2019 12:16 PM ETMerck & Co., Inc. (MRK)
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Merck & Co Inc. (NYSE:MRK) Q4 2018 Earnings Conference Call February 1, 2019 8:00 AM ET

Company Participants

Teri Loxam - IR

Ken Frazier - Chairman and CEO

Rob Davis - CFO

Roger Perlmutter - President, Merck Research Labs

Frank Clyburn - CCO

Conference Call Participants

Seamus Fernandez - Guggenheim

Steve Scala - Cowen

Andrew Baum - Citi

Chris Schott - JPMorgan

David Risinger - Morgan Stanley

Umer Raffat - Evercore ISI

Tim Anderson - Wolfe Research

Vamil Divan - Credit Suisse

Jason Gerberry - Bank of America

Alex Arfaei - BMO Capital Markets

Geoff Meacham - Barclays


Good morning. My name is Darla, and I will be your conference operator today. At this time, I would like to welcome everyone to Merck's Fourth Quarter 2018 Sales and Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Teri Loxam, SVP, Investor Relations and Global Communications. Please go ahead.

Teri Loxam

Thank you, Darla, and good morning. Welcome to Merck's Fourth Quarter and Full Year 2018 Conference Call. Today I'm joined by Ken Frazier, our Chairman and Chief Executive Officer; Rob Davis, our Chief Financial Officer; and Dr. Roger Perlmutter, President of Merck Research Labs, who will each have prepared remarks. In addition, I’m joined by Mike Nally, our new Chief Marketing Officer and Frank Clyburn, our new Chief Commercial Officer who will both be available for the Q&A portion of the call.

Before I turn the call over to Ken, I'd like to point out a few items. You will see that we have items in our GAAP results, such as acquisition-related charges, restructuring costs, and certain other items. You should note that we have

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