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Johnson & Johnson says positioned for 5%-7% growth through 2030 and beyond
The Fly

Johnson & Johnson says positioned for 5%-7% growth through 2030 and beyond

Says starting 2025 from a position of strength. Says invested ~$50B in R&D and M&A in 2024. Says continues to invest in R&D at “competitive levels.” Says continues to prioritize investment in innovation. Says plans to increase dividend annually. Says will have “heightened focus” on cash flow generation in 2025. Expects 2025 adjusted pre-tax operating margin to increase ~300 bps. Sees 2025 effective tax rate 16.5%-17%. Says 2025 guidance excludes impact from recently announced acquisition of Intra-Cellular Therapies (ITCI). Comments taken from Q4 earnings conference call.

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