Insulet Corporation (PODD) Q4 2022 Earnings Call Transcript

Insulet Corporation (NASDAQ:PODD) Q4 2022 Results Conference Call February 23, 2023 4:30 PM ET

Company Participants

Deborah Gordon - VP, IR

Jim Hollingshead - President, CEO

Wayde McMillan - EVP, CFO

Bret Christensen - EVP, CCO

Conference Call Participants

Robbie Marcus - JP Morgan

Larry Biegelsen - Wells Fargo

Jeff Johnson - Baird

Jayson Bedford - Raymond James

Matt Taylor - Jefferies

Margaret Kaczor - William Blair

Matthew O'Brien - Piper Sandler

Chris Pasquale - Nephron

Steve Lichtman - Oppenheimer

Operator

Good afternoon, ladies and gentlemen, and welcome to the Insulet Corporation Fourth Quarter and Full Year 2022 Earnings Call. [Operator Instructions]. As a reminder, this conference call is being recorded.

I would now like to turn the conference over to your host, Deborah Gordon, Vice President, Investor Relations.

Deborah Gordon

Thank you. Good afternoon, and thank you for joining us for Insulet's Fourth Quarter and Full Year 2022 Earnings Call. With me today are Jim Hollingshead, President and Chief Executive Officer; and Wayde McMillan, Executive Vice President and Chief Financial Officer. Bret Christensen, our Executive Vice President and Chief Commercial Officer, is also with us for the Q&A portion of our call.

Both the replay of this call and the press release discussing our 2022 fourth quarter and full year results and 2023 guidance will be available on the Investor Relations section of our website. Before we begin, we would like to inform you that certain statements made by Insulet during the course of this call may be forward-looking and could materially differ from current expectations.

Please refer to the cautionary statements in our SEC filings for a detailed explanation of the inherent limitations of such statements. We'll also discuss non-GAAP financial measures with respect to our performance, namely adjusted gross margin, adjusted operating margin, adjusted EBITDA and constant currency revenue, which is revenue growth, excluding the effect of foreign exchange. These measures align with what management uses as supplemental measures in assessing our operating performance, and we believe they are helpful to investors, analysts, and other interested parties as measures of our operating performance from period to period.

Additionally, unless otherwise stated, all financial commentary regarding dollar and percentage changes will be on a year-over-year reported basis with the exception of revenue growth rates, which will be on a year-over-year constant currency basis.

With that, I'll turn the call over to Jim.