西维斯健康CVS Health（CVS）2025年第四季及全年财报电话会议纪要「NYSE」（英文版）（21页）.pdf

1、 Corrected Transcript 1-877-FACTSET Total Pages:21 Copyright 2001-2026 FactSet CallStreet,LLC 10-Feb-2026 CVS Health Corp.(CVS)Q4 2025 Earnings Call CVS Health Corp.(CVS)Q4 2025 Earnings Call Corrected Transcript 10-Feb-2026 1-877-FACTSET 2 Copyright 2001-2026 FactSet CallStreet,LLC CORPORATE PARTIC

2、IPANTS Laurence F.McGrath Executive Vice President,Chief Strategy Officer and Chief Strategic Advisor to the CEO,CVS Health Corp.J.David Joyner Chairman,President&Chief Executive Officer,CVS Health Corp.Brian O.Newman Chief Financial Officer&Executive Vice President,CVS Health Corp.Steven H.Nelson E

3、xecutive Vice President and President,Aetna,Inc.Sreekanth K.Chaguturu Executive Vice President and President,Health Care Delivery,CVS Health Corp.Edward P.DeVaney Executive Vice President and President,Pharmacy Services,CVS Health Corp.Leonard P.Shankman Executive Vice President and President,Pharma

4、cy&Consumer Wellness,CVS Health Corp.Prem S.Shah Executive Vice President&Group President,CVS Health Corp.OTHER PARTICIPANTS Justin Lake Analyst,Wolfe Research LLC Lisa C.Gill Analyst,JPMorgan Securities LLC Michael Cherny Analyst,Leerink Partners LLC Andrew Mok Analyst,Barclays Capital,Inc.Elizabet

5、h Anderson Analyst,Evercore Group LLC George Hill Analyst,Deutsche Bank Securities,Inc.Erin Wilson Wright Analyst,Morgan Stanley&Co.LLC Ann Hynes Analyst,Mizuho Securities USA LLC CVS Health Corp.(CVS)Q4 2025 Earnings Call Corrected Transcript 10-Feb-2026 1-877-FACTSET 3 Copyright 2001-2026 FactSet

6、CallStreet,LLC MANAGEMENT DISCUSSION SECTION Operator:Hello,and welcome to CVS Healths Fourth Quarter 2025 Earnings Call.We ask that you please hold all questions until the end of the prepared remarks,at which time you will be given instructions for the question-and-answer session.As a reminder,this