CLAIM #40376 · Medtronic PLC (MDT) · 2024Q1 earnings call · Aug 22, 2023 · due Apr 30, 2024
“And with our pipeline, we have several important growth catalysts that we expect to come to market over the coming quarters.”
Geoff Martha · CEO
In context
“Geoff. Geoff Martha: Okay. Thank you, Karen. Now before we go to the analyst questions, I'll close with a few thoughts. First, Q1 was a strong start to our year and we're establishing a track record of delivering dependable mid-single digit growth. We're executing and bringing innovation in the market. We're making progress in countering the impacts that inflation and currency are having on our margins. And we expect this to lead to stabilization and then improvement over time. We're also seeing improved underlying fundamentals in our supply chain and in our markets, across our businesses and geographies. And like I said earlier, we're at the beginning of an inflection point in our Diabetes business and we're seeing strength in our established market-leading businesses like CRM and Spine. And with our pipeline, we have several important growth catalysts that we expect to come to market over the coming quarters. So we're on the right path and building momentum. And underneath all of this, what may be less visible to you are the steps we've taken to transform the company, tackling the root causes of what have made our growth less dependable in the past. We're ensuring a performance-driven culture, partially driven by a number of new leaders in the company. We're advancing our capital allocation and portfolio management priorities to take advantage of high-growth opportunities. And we're executing on the programs that we believe will lead to scale advantages, whether that's in our now centralized global operations and supply chain organization or in how we go to market with large enterprise customers around the world or in how we're leveraging core technologies and implementing new innovations acro”
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SEC filings for MDT ↗ · Claim quote is verbatim from the 2024Q1 earnings call.