Last Updated: 14th November 2022
Johnson & Johnson is a 140,000 employee broadbased healthcare company providing products from baby-oil and Band-Aids, to medical devices and pharmaceuticals
Employees: 140,000
Revenue: $95bn for FY2021
HQ Location: New Brunswick, New Jersey, US
What they do:
Largest and broad product range healthcare company
Three business units: Pharmaceutical, MedTech and Consumer Health
29 platforms/products with over $1bn in annual sales
Their vision and priorities:
Enterprise: focus on achieving near-term financial targets, maintaining high quality standards, and continuing to invest for long-term value creation.
Pharmaceutical: Expect to deliver above-market growth in near and long term through portfolio maximisation and R&D investment
MedTech: Continue to focus on improved execution through market share momentum and enhanced cadence of innovation
Consumer Health: Deliver science-backed innovation and digital, consumer-centric solutions while advancing towards the creation of a successful new standalone industry leader
Three things to know right now
Joaqin Duato is the new CEO
Joaqin became CEO in January 2022 following 33 years at the company.
“Today, when it comes to the vision for Johnson & Johnson, I’m once again looking 25 years out, steering toward a horizon where we have achieved transformational medical innovations.”
Spin Off of Consumer Products
The investor proposition specifically describes preparing the consumer health division (currently the smallest by revenue size) to be an independent business.
Sellers should consider this when thinking about how the company might purchase solutions in the near to medium future.
Pharmaceutical is largest business segment
Sales across the business continue to grow:
Pharmaceutical: $52.1 bn
Consumer Health: $14.6bn
MedTech: $27.1bn
What does each business unit do?
Consumer Health Products
This business unit manufactures products to us as consumers including:
Self Care - medicines for allergies, pain relief, and colds
Skin Health and Beauty - cleansers, sun protection and moisturisers
Essential Health - Band Aid, mouth washes and sanitary products
Med Tech
This business unit produces medical devices and products for the healthcare profession including:
Orthopaedics - products for surgery including operating room products and accessories
Surgery - developing products that allow surgeons to operate safely
Interventional Solutions - products that help patients with heart rhythm disorders and neurovascular care
Vision - products focused on eyesight
Pharmaceutical Products
This business unit researches and develop medical drugs and treatments including
Vaccines
Heart care
Infectious diseases
Neuroscience
Oncology (cancer treatments)
Their financial calendar
Q1: January-March - Earnings 18th April
Q2: April-June - Earnings 18th July
Q3: July-September - Earnings 18th October
Q4: September-December - Earnings 18th January
Positives from the last earnings report:
3rd Quarter Sales increased 1.9% to $23.8bn
Challenges from the last earnings report:
Consumer Health reported decreased sales of 0.4%
Next Earnings Report:
Around 24th January 2023
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