Abbott Laboratories

Abbott Laboratories

Abbott Laboratories

Overview
Date Founded

1888

Headquarters

100 Abbott Park Road, Abbott Park, Illinois, 60064-6400, United States

Type of Company

Public

Employees (Worldwide)

103K

Industries

Pharmaceuticals
Biotechnology
Medical Products & Equipment
Hospitals & Patient Services
Medical Support Services
Food

Company Description

Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, Cardiovascular and Neuromodulation Products, and Other. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. The Vascular Products segment trades coronary, endovascular, structural heart, vessel closure, and other medical device products. The Other segment comprises of Abbott Medical Optics. The company was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Executive Officer

President & Chief Operating Officer

Executive Vice President, Finance & Chief Financial Officer

Executive Vice President, General Counsel & Secretary

Vice President of Information Technology & Chief Information Officer

Chief Information Security Officer

Senior Vice President, Finance & Controller

Executive Vice President, Ventures

Executive Vice President, Diagnostics Products

Board of Directors

Chief Executive Officer at Abbott Laboratories

Chairman of the Board, Chief Executive Officer at General Dynamics Corporation

Chief Executive Officer at Wolters Kluwer NV

Chairman & Chief Executive Officer at 3M Interamerica, Inc.

Executive Vice President & President, Operations at Verizon Wireless, Inc.

Former Chairman & Chief Executive Officer at Northern Trust Corporation

President & Chief Executive Officer at Austin Investment Advisors

Former President & Chief Executive Officer at Ingredion, Inc.

Former Chairman, Midwest Business at JPMorgan Chase & Co.

Dean at Yale University - Yale School of Medicine

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Owners & Shareholders
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Capital World Global Investors (CWGI) is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach (2) long-established, global research (3) a multiple portfolio counselor system that combines teamwork with individual accountability (4) experienced, long-tenured investment professionals and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System. The assets of each fund are divided into smaller, more manageable portions. Each portion is managed by a portfolio counselor who operates autonomously, investing his or her portion as though it were an entire fund (subject to fund objectives and overall guidelines). Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results. Portfolio counselors are free to make their own decisions. As a fund's assets grow, new counselors can be added. Investment decisions are based on internal research. Equity research is comprehensive and bottom-up while at the same time constantly monitoring broader economic, political, currency and interest rate trends. Investment research is proprietary and used solely by CWGI portfolio managers.

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CRMC's International Investors division invests primarily in the stocks of large-cap growth-oriented companies across practically all sectors. Although they invest internationally, most of their investments are in the stocks of North American companies. They maintain an investment philosophy that is distinguished by four key beliefs: (1) solid research is fundamental to sound investment decisions; (2) investment decisions should not be made lightly; (3) a long-term approach; (4) the capital system.

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Wellington Management's investment services rely on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macroanalysts, quantitative analysts and technical analysts. Wellington Management's portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team's investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

Recent Transactions
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Abbott Laboratories purchases GLP Systems GmbH from Sonic Healthcare Limited

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Abbott Laboratories, IVC Industries, Inc. purchase Nutra Manufacturing, Inc. from GNC Holdings, Inc.

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Delta Electronics, Inc. purchases Eltek Power Pte. Ltd. from Abbott Laboratories

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onAbbott Laboratories purchases St. Jude Medical LLC

Accountant

Advised onAbbott Laboratories purchases BASF Pharma Ltd. from BASF SE

Accountant

Advised onAbbott Laboratories purchases TheraSense, Inc.

Legal Advisor

Advised onAbbott Laboratories purchases TheraSense, Inc.

Legal Advisor

Advised onAbbott Laboratories purchases Solvay Pharmaceuticals SA from Solvay SA

Legal Advisor

Advised onAbbott Laboratories purchases Kos Pharmaceuticals, Inc.

Advisors & Consultants
Legal Advisor

Chair, Mergers & Acquisitions Practice at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Executive Chairman at Winston & Strawn LLP

Clients

Kolon Corp. is a holding company which engages in the management of its subsidiaries. Its main businesses include governance, management guidance, organization, and promotion of its subsidiaries; intellectual property rights such as brand trademark of Kolon, and related advertisement; property sales and leasing; and intangible assets sales, and market research and management consulting services. The company was founded on April 12, 1957 and is headquartered in Gwacheon, South Korea.

Robinsons Retail Holdings, Inc. engages in the business of trading goods, commodities, and merchandising of any kind. It operates through the following segments: Supermarket, Department Store, Do-It-Yourself (DIY), Convenience Store, Drug Store, and Specialty Store. The Supermarket segment offers health and wellness products. The Department Store segment provides local and international branded shoes, bags and accessories, ladies and men's wear, children's wear, and household items. The DIY segment operates under the brand name Handyman Do it Best, True Value, True Home, Robinsons Builders, and Home Plus which gives a wide selection of construction materials for contractors and builders. The Convenience Store segment contain Ministop convenience store that carries a wide assortment of merchandise and an extensive selection of ready to eat products. The Drug Store segment comprises pharmaceutical products and generic medicines. The Specialty Store division includes entertainment systems; coffee shops; toys and games; global fast fashion brands; local and international cosmetics; nail care products; and slush and fruit juice mixes. The company was founded by John L. Gokongwei, Jr. on February 4, 2002 and is headquartered in Pasig, Philippines.

Jointown Pharmaceutical Group Co., Ltd. engages in the manufacture and distribution of pharmaceuticals, traditional Chinese medicine, and medical equipment. It also operates pharmaceutical logistics centers, e-commerce, and retail chains. In addition, the group also ventures in the manufacture of pharmaceutical products. The company was founded in March, 1999 and is headquartered in Wuhan, China.

Key Stats and Financials As of 2018
Market Capitalization
$146B
Total Enterprise Value
$144B
Earnings Per Share
$1.33
Revenue
$30.6B
Net Profit
$2.35B
EBITDAMargin
23.29%
Enterprise Value Sales
4.7x
Enterprise Value EBITDAOperating
20.18x
TEVNet Income
61.07x
Debt TEV
0.14x
Total Debt
$19.6B
Total Equity
$30.7B
EBITDA
$7.12B
Three Year Compounded Annual Growth Rate Of Revenue
14.43%
Five Year Compounded Annual Growth Rate Of Revenue
6.95%
Non-Profit Donations & Grants
$500K - $1M
2018
$5,000 +
2017
Political Donations
$1,000
2006
$500
2005
$200
1995
Investments
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Creabilis Holdings Ltd. operates as a biotechnology company. The company was founded on June 7, 2013 and is headquartered in Canterbury, the United Kingdom.

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Reata Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company, which engages in identifying, developing, and commercializing pharmaceutical products. Its product candidates are bardoxolone methyl and omaveloxolone, which activate the transcription factor Nrf2 to restore mitochondrial function, reduce oxidative stress, and resolve inflammation. The company was founded by J. Warren Huff on September 1, 2002 and is headquartered in Irving, TX.

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Enlight Biosciences LLC develops research tools for drug discovery and development. It offers patient-centric platforms that may impact all aspects of the connected health ecosystem from patient engagement and experience, to patient-focused research and development. The company was founded by Raju S. Kucherlapati, David Steinberg, Rakesh Kumar Jain, H. Robert Horbitz, and Sanjiv Sam Gambhir in July 2008 and is headquartered in Boston, MA.

Investors
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Life Peer at United Kingdom House of Lords

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Life Peer at United Kingdom House of Lords

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Partner at Morgenthaler Management Corp.

Suppliers
American Software Inc. Computer Software | Atlanta, GA

American Software (NASDAQ: AMSWA) provides demand-driven supply chain management and enterprise software solutions backed by more than 40 years of industry experience that drive value for companies regardless of market conditions. American Software, Inc. (American Software) develops, markets and supports a portfolio of software and services that deliver enterprise management and collaborative supply chain solutions to the global marketplace. The Company's software and services are designed to bring business value to enterprises by supporting their operations over intranets, extranets, client/servers or the Internet. It provides software solutions through three business segments, which are broken down into four product and service groups. The three business segments include Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting

Sonoco Products Co. Paper Products | Hartsville, South Carolina

Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and provides packaging services. It operates through the following segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Consumer Packaging segment offers round composite cans, shaped rigid paperboard containers, fiber and plastic caulk/adhesive tubes, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; thermoformed rigid plastic trays, cups and bowls; injection molded containers, spools and parts; high-barrier flexible and forming plastic packaging films, modified atmosphere packaging, lidding films, printed flexible packaging, rotogravure cylinder engraving, global brand management. The Display and Packaging segment consists of point-of-purchase displays; custom packaging; retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; fulfillment; primary package filling; supply chain management; paperboard specialties. The Paper and Industrial Converted Products segment includes recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, specialty grades; paperboard tubes and cores, molded plugs, reels; collection, processing and recycling of old corrugated containers, paper, plastics, metal, glass and other recyclable materials. The Protective Solutions segment provides custom-engineered, paperboard-based and expanded foam protective packaging and components; temperature-assured packaging. The company was founded by James Lide Coker on May 10, 1899 and is headquartered at Hartsville, SC.

Littelfuse, Inc. Internet Software & Services | Chicago, Illinois

Littelfuse, Inc. engages in supplying of circuit protection products for the electronics, automotive and electrical industries. The company offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems. It operates through the following segments: Electronics, Automotive, and Electrical. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Electrical segment markets and sells its power fuses and protection relays through the manufacturer's representatives across North America. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.

Awards & Honors
Rank #138
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #138
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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