Johnson & Johnson (JNJ) CEO Alex Gorsky on Q1 2020 Results - Earnings Call Transcript

Apr. 14, 2020 4:37 PM ETJohnson & Johnson (JNJ) StockJNJ
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Q1: 2020-04-14 Earnings Summary

EPS of $2.30 beats by $0.30
 | Revenue of $20.69B (3.35% Y/Y) beats by $1.22B

Johnson & Johnson (NYSE:JNJ) Q1 2020 Earnings Conference Call April 14, 2020 8:30 AM ET

Company Participants

Chris DelOrefice - Vice President, Investor Relations
Alex Gorsky - Chairman and Chief Executive Officer
Paul Stoffels - Vice Chairman and Chief Scientific Officer
Joe Wolk - Executive Vice President and Chief Financial Officer
Joaquin Duato - Vice Chairman

Conference Call Participants

David Lewis - Morgan Stanley
Chris Schott - JPMorgan
Larry Biegelsen - Wells Fargo
Joanne Wuensch - Citi
Terence Flynn - Goldman Sachs
Louise Chen - Cantor

Operator

Good morning. Welcome to Johnson & Johnson’s First Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference call over to Johnson & Johnson. You may begin.

Chris DelOrefice

Good morning. This is Chris DelOrefice, Vice President of Investor Relations for Johnson & Johnson. Welcome to our company’s review of business results for the first quarter of 2020. I hope everyone is healthy and remaining safe during these times. With safety in mind, we are utilizing a more virtual approach in exercising social distancing while conducting this call.

Joining me on call today to address Johnson & Johnson’s response to the coronavirus global pandemic along with our first quarter results are Alex Gorsky, Chairman of the Board of Directors and Chief Executive Officer; Dr. Paul Stoffels, Vice Chairman of the Executive Committee and Chief Scientific Officer; and Joe Wolk, Executive Vice President, Chief Financial Officer. During the Q&A portion of the call, Joaquin Duato, Vice Chairman of the Executive Committee, will also join Alex, Paul, Joe and myself.

A few logistics before we get into the details. This review is being made available via webcast accessible through the Investor Relations section of the Johnson & Johnson website at investor.jnj.com where you can also find additional materials, including today’s presentation and associated schedules. We

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