“We are on track to deliver on the financial commitments we set at the beginning of the year.”

In context

“nary intervention market and expect this to become a meaningful growth driver for our vascular business. And lastly, neuromodulation. We began treating patients in our TRANSCEND clinical trial, a first-of-its-kind trial designed to evaluate using deep brain stimulation to address treatment-resistant depression, which represents a market opportunity exceeding a billion dollars. So in summary, we delivered another quarter of top-tier performance. Sales grew high single digits, and earnings per share grew double digits. We expanded gross margin by 140 basis points and operating margin by 130 basis points compared to the prior year. Our pipeline continues to provide a steady cadence of new growth opportunities, with more than 25 key new products forecasted to launch over the next three years. We are on track to deliver on the financial commitments we set at the beginning of the year. I'll now turn the call to Phil. Phil Boudreau: Thanks, Robert. As Mike mentioned earlier, please note that all references to sales growth rates, unless otherwise noted, are on an organic basis. Turning to our first quarter results, sales increased 6.9% or 8.3% when excluding COVID testing-related sales. Adjusted earnings per share of $1.09 increased 11% compared to the prior year and finished at the high end of our guidance range and above the consensus estimate. Foreign exchange had an unfavorable year-over-year impact of 2.8% on the first quarter sales. During the quarter, we saw the US dollar weaken, which resulted in a favorable impact on sales compared to exchange rates at the time of our earnings call in January. Regarding other aspects of the P&L, the adjusted gross margin profile”