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Johnson & Johnson CEO Discusses Q4 2013 Results - Earnings Call Transcript

Johnson & Johnson ( JNJ ) Q4 2013 Results Earnings Call January 21, 2014 8:30 AM ET

Louise Mehrotra

Good morning, and welcome. I’m Louise Mehrotra, Vice President of Investor Relations for Johnson & Johnson, and it is my pleasure this morning to review our business results for the fourth quarter and full year of 2013.

Joining me on the podium today are Alex Gorsky, Chairman of the Board and Chief Executive Officer, and Dominic Caruso, Vice President, Finance and Chief Financial Officer. A few logistics before we get into the details.

This review is being made available to a broader audience via a webcast accessible through the Investor Relations section of the Johnson & Johnson website. I’ll begin by briefly reviewing highlights of the fourth quarter and full year of 2013 for the corporation and highlights for our three business segments.

Following my remarks, Alex will comment on the 2013 results and provide a strategic outlook for the company. Dominic will then provide some additional commentary on financial results and guidance for 2014. We will then open the meeting to your questions. We expect the meeting to conclude at approximately 10:15.

Bad News for Diaphragm Lovers

  1. On July 1, 2014, Gramercy Property Trust Inc. (Gramercy Property Trust) announced that the Company has closed the acquisition of an R&D flex facility located in Malvern, Pennsylvania (Philadelphia MSA). According to the Company, the facility On
  2. The lack of demand has meant a slow march toward fewer diaphragms on the market. Now, sadly for diaphragm-devotees, another one bites the dust. Janssen Pharmaceuticals, the company that makes the Ortho All-Flex diaphragm, recently announced it will 
  3. Baxano Surgical currently markets the AxiaLIF® family of products for single and two level lower lumbar fusion, the VEO® lateral access and interbody fusion system, the iO-Flex® system, a proprietary set of flexible instruments used by surgeons during

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