Margaret Kaser Andrew's questions to Insulet Corp (PODD) leadership • Q3 2024
Question
An analyst on behalf of Margaret Kaser Andrew asked about the key drivers behind the strong operating margin performance and the company's confidence in sustaining that leverage into next year.
Answer
CFO and Treasurer Ana Maria Chadwick attributed the strong performance to gross margin expansion, driven by pricing and manufacturing efficiencies, and operating leverage from scale. She reaffirmed the company's commitment to at least 100 basis points of annual operating margin expansion, noting that future gross margin growth will be more moderate as U.S. pricing benefits are annualized, but international pricing and efficiencies will continue to contribute.