Hill-Rom Holdings, Inc. (NYSE:HRC) Q2 2018 Earnings Conference Call - Preliminary Transcript

Apr 27, 2018 • 08:30 am ET


Hill-Rom Holdings, Inc. (NYSE:HRC) Q2 2018 Earnings Conference Call - Preliminary Transcript


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Good morning, and welcome to Hill-Rom's Fiscal Second Quarter Earnings Conference Call. During the presentation. (Operator Instructions) As a reminder, this call is being recorded by Hill-Rom and is copyrighted material. It cannot be recorded, rebroadcast or transmitted without Hill-Rom's written consent. If you have any objections, please disconnect at this time.

I would now like to turn the call over to Ms. Mary Kay Ladone, Vice President, Investor Relations at Hill-Rom. Ms. Ladone, you may begin.

Mary Kay Ladone

Thanks, and good morning, everyone. Thanks for joining us for our fiscal second quarter 2018 earnings conference call. Joining me today are John Greisch, President and Chief Executive Officer of Hill-Rom; and Steve Strobel, Chief Financial Officer.

Before we get started, I'd like to mention that, in addition to the press release issued this morning, we have posted a supplemental presentation, which can be accessed on the Investor Relations page of our website at hill-rom.com under Events and Presentations.

So with that introduction, let me begin our prepared remarks this morning by reminding you that certain statements contained in this presentation are forward-looking statements and are subject to risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those described. Please refer to today's press release and our SEC filings for more details concerning risk factors that could cause actual results to differ materially.

In addition, on today's call, non-GAAP financial measures will be used. Reconciliations between GAAP and non-GAAP financial measures are included in our earnings release issued this morning.

Now I'd like to turn the call over to John.

John Greisch

Thanks, Mary Kay. Good morning, everyone, thank you for joining us today. Before we discuss our second quarter operational and financial results, I want to take a few minutes to talk about the exciting leadership announcement we made earlier today. As you all know, in January, I announced my plans to retire from Hill-Rom. Since that time our Board has been engaged in a robust search process to identify the right leader to take the reins. And I'm delighted that we've announced that leader today.

Effective May 14, John Groetelaars will become President and CEO of Hill-Rom. John is an industry veteran with more than 25 years of experience in medical devices, most recently serving as Executive VP and President of the Interventional Segment at Becton Dickinson. Prior to that, he served in a variety of roles at CR Bard during his 10-year career there, including as a Group Vice President and Group President from 2013 to 2018.

John brings exceptional industry knowledge, global operations experience and a strong track record of successfully leading and growing medical device businesses. Perhaps most importantly, he has a unique appreciation for our culture and our customer first focus. And John looks forward to meeting with all of you in the future. With that, let's turn to our results.

As you saw in our earnings release issued this morning, Hill-Rom delivered another solid quarter and we're pleased to be raising the low