MAAT INDEX

CLAIM #2913 · Abbott Laboratories (ABT) · 2022Q2 earnings call · Jul 19, 2022 · due Jan 19, 2023

So a lot of activity in our Structural Heart business, a lot of good performance. And I just expect that to get better over the next couple of quarters.

Robert Ford · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
a lot of good performance. And I just expect that to get better over the next couple of quarters
Reported
double-digit growth in Electrophysiology, Structural Heart and Diabetes Care in the U.S.

In context

st year at the PMA. I expect that to be the case. I expect to see an approval and an opportunity for us to launch into the TAVR market here in the U.S. And on MitraClip, this was a tough comp for us this quarter. Last quarter -- last year, it was the highest quarter we've ever had in terms of procedures, in terms of sales. So there's no doubt that this one here is probably a little bit more impacted by COVID and some of the health care staffing challenges and the rescheduling of the procedures. So I expect these dynamics to steadily improve over time. And as I said previously, I don't think we fully benefited yet from the indication expansion that we received for the functional MR. So the market still remains pretty underpenetrated, and there's a lot of opportunity for growth there. So a lot of activity in our Structural Heart business, a lot of good performance. And I just expect that to get better over the next couple of quarters. And then what was your other question? Joanne Wuensch: It had to do on share repurchases, use of cash if you're not using it for M&A. Robert Ford: Sure. Well, listen, we've always kind of had a balanced approach for deploying our cash. We're mindful of our cash on hand. We're investing in the dividend, and we've been growing that dividend, and that's an important part of it. We're investing in the capacity expansions in several of our areas, Libre, Electrophysiology, MitraClip, Nutrition. And we bought back shares in the first half of the year and something that we'll continue to assess as we go through the second half year. So the approach towards our capital allocation is pretty balanced, and we're committed to the dividend. Done some share buybacks in the first half. We'll cont

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SEC filings for ABT · Claim quote is verbatim from the 2022Q2 earnings call.