Baxter International Inc. (BAX) CEO José Almeida on Q2 2022 Results - Earnings Call Transcript
Baxter International Inc. (NYSE:BAX) Q2 2022 Results Earnings Conference Call July 28, 2022 8:30 AM ET
Company Participants
Clare Trachtman - Vice President, Investor Relations
José Almeida - Chairman, President and Chief Executive Officer
James Saccaro - Executive Vice President and Chief Financial Officer
Conference Call Participants
Robbie Marcus – J.P. Morgan
Vijay Kumar - Evercore ISI
Pito Chickering - Deutsche Bank
Travis Steed - Bank of America Securities
Joanne Wuensch - Citigroup
Larry Biegelsen - Wells Fargo
Joshua Jennings - Cowen and Company
Operator
Good morning, ladies and gentlemen, and welcome to Baxter International's Second Quarter 2022 Earnings Conference Call. Your line will remain in a listen-only mode until the question-and-answer segment of today's call. [Operator Instructions] As a reminder, this call is being recorded by Baxter and is copyrighted material. It cannot be recorded or rebroadcast without Baxter's permission. If you have any objections, please disconnect at this time.
I would now like to turn the call over to Ms. Clare Trachtman, Vice President, Investor Relations at Baxter International. Ms. Trachtman, you may begin your conference.
Clare Trachtman
Good morning, and welcome to our second quarter 2022 earnings conference call. Joining me today are Joe Almeida, Baxter's Chairman and Chief Executive Officer, and Jay Saccaro, Baxter's Chief Financial Officer.
On the call this morning, we will be discussing Baxter's second quarter 2022 financial results and our full-year financial outlook for 2022.
With that, let me start our prepared remarks by reminding everyone that this presentation, including comments regarding our financial outlook for the third quarter and full-year 2022 and our 2022 to 2025 long range plans, the recent acquisition of Hillrom, new product development, the potential impact of proposed pricing actions, business development and regulatory matters contains forward-looking statements that involve risks and uncertainties, and of course, our actual results could differ materially from our current expectations. Please refer to today's press release and our SEC filings for more detail concerning factors that could cause actual results to differ materially.
In addition, on today's call, non-GAAP financial measures will be used to help investors understand Baxter's ongoing business performance. A reconciliation of the non-GAAP financial measures being discussed today to the comparable GAAP financial measures is included in our earnings release issued this morning and available on our website.
On the call this morning, we will be discussing operational sales growth, which adjusts for the impact of foreign exchange and the acquisition of Hillrom.