MAAT INDEX

CLAIM #33887 · Johnson & Johnson (JNJ) · 2024Q2 earnings call · Jul 17, 2024 · due Dec 31, 2027

We remain consistent in our belief in the 5% to 7% growth for our end markets and that we will perform well within that.

Joseph Wolk · CFO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: MedTech segment revenue growth rate (operational/underlying growth, as reported), for the fiscal year(s) through the stated horizon

It came true if: MedTech end-market growth reported in 5%-7% range, with JnJ MedTech operational growth performing within or above that range

Where: Company quarterly earnings releases and 10-K/10-Q segment disclosures (MedTech segment results, management commentary on end-market growth)

In context

outlook for procedure volume trends in the back half. There have been some concerns that there's some tough comps on the utilization side and particularly for [Technical Difficulty] half? And then maybe also, if you could just touch on the pricing environment and your outlook for device pricing and where pricing stands for the MedTech portfolio? Thanks for taking the question. Joe Wolk: Sure, Josh. And I think my answer to your sort of volume question will be very brief and consistent with what we've shared before. For the most part, across the portfolio, we've seen volumes normalize. We did mention that we expected to see some of the -- some tailwinds from the backlog within Orthopedics in the first-half of the year. And we've seen that, but we expect that to normalize in the back half. We remain consistent in our belief in the 5% to 7% growth for our end markets and that we will perform well within that. As it relates to pricing, inflation has not been a friend to our industry, and we have put a lot of effort into really ensuring that we can secure preferential pricing across the world. I do think we benefit from the global nature of our business. While there are pockets cost containment efforts that we're managing, like VBP in China, we see tremendous opportunity to really secure a premium pricing, especially where we have differentiated innovation. And especially now that we're entering or are entering is like cardiovascular of significant unmet need, there is tremendous opportunities for us to ensure that we secure premium pricing for truly differentiated innovations, especially in areas like electrophysiology, in heart recovery with Abiomed, and more recently with Shockwave. Thank you

Verify independently

SEC filings for JNJ · Claim quote is verbatim from the 2024Q2 earnings call.