Frank Laukien
Management
Thank you very much Rameez, I’m so pleasure to be at the Citi’s Global Healthcare Conference. Good morning everyone, thank you very much for joining us today. Let me give you briefly draw your attention to our Safe Harbor Statement and jump right in. We – many of you are familiar with us, some of you are not that familiar with us. We have a pretty clear business philosophy and financial philosophy. We’re looking for fast profitability growth primarily really focused on organic growth. We’re not a very acquisitive company. We have – we keep a very solid low leverage balance sheet and we’re very much focused on high return invested capital. We’re presently in the low 20s and return on invested capital and try to take that back up to the high 20s. Very much a company that has an excellent brand for high performance innovative instruments in the life science tools and increasingly also in the diagnostic space at least in selected areas. Very much an innovative company, we spent quite a bit on R&D. We have – I think we have the best new product development engine of any of the larger diversified companies in our space and we have a lot of fast profitable growth to show for it and I’ll take you back to that in a moment. 10 years ago, when the company went public or 12 years ago rather, we were still somewhat distribution limited today, we’re absolutely can go toe-to-toe with any of our slightly larger competitors. So we’re absolutely diversified, internationally diversified in a lot of applications and markets and that’s why throughout the last few years and this year, I think we’re going to be – we’re so resilient in terms of our ability to maintain this rather rapid growth…