Insulet Corporation (PODD) CEO Shacey Petrovic on Q1 2022 Results - Earnings Call Transcript

Insulet Corporation (NASDAQ:PODD) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET

Company Participants

Deborah Gordon - Vice President, Investor Relations

Shacey Petrovic - President, CEO and Director

Jim Hollingshead - Member of Board of Directors and Insulet's future President and CEO

Wayde McMillan - Executive VP,CFO and Treasurer

Bret Christensen - Executive VP and Chief Commercial Officer

Conference Call Participants

Larry Biegelsen - Wells Fargo

Robbie Marcus - JPMorgan

Travis Steed - Bank of America Securities

Jeff Johnson - Baird

Steve Lichtman - Oppenheimer

Danielle Antalffy - SVB Securities

Joanne Wuensch - Citi

Matthew O’Brien - Piper Sandler

Jayson Bedford - Raymond James

Brandon Vazquez - William Blair

Operator

Good afternoon, ladies and gentlemen, and welcome to the Insulet Corporation First Quarter 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, Dalam. Good afternoon, and thank you for joining us for Insulet's First Quarter 2022 Earnings Call.

With me today are Shacey Petrovic, President and Chief Executive Officer; Wayde McMillan, Executive Vice President and Chief Financial Officer; and Jim Hollingshead, member of Insulet's Board of Directors and Insulet's future President and CEO. Shacey and Wayde, along with Bret Christensen, our Executive Vice President and Chief Commercial Officer, will be available for the Q&A portion of our call. Both the replay of this call and the press release discussing our 2022 first quarter results and 2022 guidance will be available on the Investor Relations section of our website.

Before we begin, I 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 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.