Viatris Inc. (NASDAQ:VTRS) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET

Company Participants

William Szablewski - Head of Global Capital Markets

Scott Smith - Chief Executive Officer

Rajiv Malik - President

Sanjeev Narula - Chief Financial Officer

Brian Roman - Global General Counsel

Conference Call Participants

Christopher Schott - JPMorgan

Nathan Rich - Goldman Sachs

Umer Raffat - Evercore ISI

Glenn Santangelo - Jefferies

Jason Gerberry - Bank of America

Ash Verma - UBS

David Amsellem - Piper Sandler

Operator

Hello. My name is Travis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Viatris 2023 Third Quarter Earnings Call and Webcast. All participant lines have been placed on mute to prevent any background noise. After the speakers remarks there’ll be a question and answer period. [Operator Instructions].

I will now turn the call over to Bill Szablewski, Head of Global Capital Markets. Please go ahead, sir.

William Szablewski

Good evening, everyone. Welcome to our third quarter 2023 earnings call. With us today is our CEO, Scott Smith; President, Rajiv Malik; and CFO, Sanjeev Narula. During today's call, we will be making forward-looking statements on a number of matters, including our financial guidance for 2023 and various strategic initiatives. These statements are subject to risks and uncertainties that could cause future results or events to differ materially from today's projections.

Please refer to today's slide presentation and our SEC filings for a fuller explanation of those risks and uncertainties. We will also be referring to certain actual and projected non-GAAP financial measures to supplement investors' understanding and assessment of our financial performance. Reconciliations of those non-GAAP measures to the most directly comparable GAAP measures, are available on our website and in the appendix of today's

[Technical difficulty].

discussion, we will be making certain comparisons of results on an operational basis, which excludes the impact of foreign currency rates versus the plan that supports our [Technical difficulty] prior period results, which also exclude the results from the divested bio-similar business. An archived copy of today's presentation and other earnings materials will be available on our website at investor.viatris.com following the conclusion of today's call.

With that, I'll hand the call over to our CEO, Scott Smith.

Scott Smith

Good afternoon. I'm pleased to report that Viatris had another outstanding quarter in Q3. We achieved our second consecutive quarter of year-over-year operational revenue [Technical difficulty] our 11th [Technical difficulty] operating results and consistently [Technical difficulty] metrics. All evidence that we continue to build momentum as we bring the Phase 1 of our strategic plan to successful completion.