QuidelOrtho Company (QDEL) Citi Annual World Healthcare Convention 2025 December 3, 2025 1:00 PM EST
Firm Individuals
Joseph Busky – Chief Monetary Officer
Convention Name Individuals
Patrick Donnelly – Citigroup Inc., Analysis Division
Presentation
Patrick Donnelly
Citigroup Inc., Analysis Division
We will look to get began. Thanks for becoming a member of us. I am Patrick Donnelly, the instruments and diagnostics analyst right here at Citi. Completely satisfied to have Joe Busky, right here from Quidel. Thanks for being right here, Joe. Thanks for coming down.
Possibly simply chat a bit bit. I used to be a bit shocked by the inventory response after 3Q. Any attention-grabbing suggestions you heard from buyers or the pushback on the quarter? Once more, the sell-off was fairly steep. It is bounced again properly. After which once more, you guys did some insider purchases, which was good to see. However what was the suggestions you heard from buyers sort of publish the quarter?
Joseph Busky
Chief Monetary Officer
Effectively, initially, by the best way, thanks for having me right here, Patrick. Good to see you.
Patrick Donnelly
Citigroup Inc., Analysis Division
Likewise.
Joseph Busky
Chief Monetary Officer
We had been perplexed as lots of people had been with the response. There’s clearly lots of places and takes that go into inventory worth going up or down. However primarily based on what we have discovered, it appears it is a mixture of a bunch of issues, a reasonably excessive brief curiosity earlier than the earnings name, some elevated put possibility publicity previous to the earnings name, some tax loss promoting, some quant fund exercise in a little bit of an ideal storm. However — and there have been 2 areas that had been — that we have heard that subsequent to the decision that probably folks questioned, 1 was money — the money stream timing associated to the ERP conversions. And one was the once we narrowed the steering and it pushes out a This fall that is acquired barely decrease margin