Medtronic plc (MDT) Q2 2023 Earnings Call Transcript

Nov. 22, 2022 12:55 PM ETMedtronic plc (MDT)
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Medtronic plc (NYSE:MDT) Q2 2023 Earnings Conference Call November 22, 2022 8:00 AM ET

Company Participants

Ryan Weispfenning - Vice President and Head, Investor Relations

Geoff Martha - Chairman and Chief Executive Officer

Karen Parkhill - Chief Financial Officer

Brad Welnick - Investor Relations

Que Dallara - Executive Vice President and President, Diabetes Operating Unit

Sean Salmon - Executive Vice President and President, Cardiovascular Portfolio

Brett Wall - Executive Vice President and President, Neuroscience Portfolio

Bob White - Executive Vice President and President, Medical Surgical Portfolio

Conference Call Participants

Robbie Marcus - JPMorgan

Travis Steed - Bank of America

Vijay Kumar - Evercore ISI

Larry Biegelsen - Wells Fargo

Matt O’Brien - Piper Sandler

Josh Jennings - Cowen & Company

Matt O’Brien - Piper Sandler

Matt Taylor - Jefferies

Pito Chickering - Deutsche Bank

Joanne Wuensch - Citi

Ryan Weispfenning

Good morning. I am Ryan Weispfenning, Vice President and Head of Medtronic Investor Relations and welcome to snowing Minneapolis. I appreciate that you are joining us today for Medtronic’s Fiscal Year 2023 Second Quarter Earnings Video Webcast. Before we go inside to hear our prepared remarks, I will share a few details about today’s webcast.

Joining me are Geoff Martha, Medtronic Chairman and Chief Executive Officer and Karen Parkhill, Medtronic Chief Financial Officer. Geoff and Karen will provide comments on the results of our second quarter, which ended on October 28, 2022 as well as our outlook for the remainder of the fiscal year. After our prepared remarks, the Executive VPs for each of our four segments will join us and we will take questions from the sell-side analysts that cover the company. Today’s program should last about an hour.

Earlier this morning, we issued a press release containing our financial statements and divisional and geographic revenue summaries. We also posted an

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