Viatris Inc. (NASDAQ:VTRS) Q4 2023 Results Conference Call February 28, 2024 8:30 AM ET
Company Participants
Bill Szablewski - Head of Capital Markets
Scott Smith - Chief Executive Officer
Rajiv Malik - President & Executive Director
Sanjeev Narula - Chief Financial Officer
Doretta Mistras - Incoming CFO
Philippe Martin - Chief R&D Officer
Conference Call Participants
Christopher Schott - JPMorgan
Glen Santangelo - Jefferies
Balaji Prasad - Barclays
Sarah Conrad - Goldman Sachs
Ash Verma - UBS
David Amsellem - Piper Sandler
Jason Gerberry - Bank of America
Operator
Good morning, and welcome to the Viatris Q4 and Full Year 2023 Earnings, 2024 Guidance Call. All participants will be in a listen-only mode. [Operator Instructions] Also note, today's event is being recorded.
At this time, I'd like to turn the floor over to Bill Szablewski, Head of Capital Markets. Please go ahead.
Bill Szablewski
Good morning, everyone. Welcome to our Q4 2023 earnings call. With us today is our CEO, Scott Smith; President, Rajiv Malik; CFO, Sanjeev Narula; and CFO Elect, Doretta Mistras. During today's call, we will be making forward-looking statements on a number of matters, including our financial guidance for 2024 and various strategic initiatives. These statements are subject to risks and uncertainties.
We will also be referring to certain actual and projected non-GAAP financial measures. Please refer to today's slide presentation and our SEC filings for more information, including reconciliations of those non-GAAP measures to the most directly comparable GAAP measures. When discussing 2023 actual results, we will be making certain comparisons to 2022 results on a divestiture adjusted operational basis, which excludes the impact of foreign currency rates and also excludes the results from the divested biosimilars business and proportionate results from the divestitures that closed in 2023 from the 2022 period.
When discussing our expectations for 2024, we will be making certain comparisons to 2023 results on a divestiture adjusted operational basis, which excludes the impact of foreign currency rates and also excludes the results of the divestitures that closed in 2023 from the 2023 period.
With that, I'll hand the call over to our CEO, Scott Smith.
Scott Smith
Good morning, everyone. 2023 was an outstanding year for Viatris in which we delivered strong operational results, streamline the company and finish the year with our third consecutive quarter of operational revenue growth. I am pleased to say that as we begin 2024, I could not be more excited about the future ahead. We are already executing on our vision for our next chapter. We continue to generate strong free cash flows.