Exhibit 99.1 1 News Release Abbott Reports Third-Quarter 2024 Results and Raises Midpoint of Full-Year EPS Guidance Range – Sales of $10.6 billion driven by strong underlying base business performance – Reported sales growth of 4.9 percent; organic sales growth for underlying base business of 8.2 percent 1 , led by double-digit growth in Medical D evices – Continues to strengthen portfolio with steady cadence of new product approvals, reimbursement coverage, and clinical data ABBOTT PARK, Ill., Oct. 16, 2024 — Abbott today announced financial results for the third quarter ended Sept. 30, 2024. • Third-quarter GAAP diluted EPS of $0.94 and adjusted diluted EPS of $1.21, which excludes specified items. • Abbott maintains its full-year 2024 organic sales growth guidance range of 9.5% to 10.0%, excluding COVID-19 testing-related sales 2 . • Abbott now projects full-year diluted EPS on a GAAP basis of $3.34 to $3.40 and projects adjusted diluted EPS of $4.64 to $4.70, which represents an increase at the midpoint of the guidance range. • In October, Abbott's board of directors authorized a new share repurchase program of up to $7 billion of the company's common shares. • In August, Abbott announced a unique global partnership with Medtronic to collaborate on connecting Abbott's world-leading continuous glucose monitoring (CGM) system with Medtronic's insulin delivery devices. • In September, Abbott announced the U.S. launch of Lingo ™ , the company's first continuous glucose monitoring system available without a prescription and designed for people interested in improving their overall health and wellness. • In September, Abbott announced a partnership with the Big Ten Conference ® to conduct a nationwide blood donation competition to help increase the U.S. blood supply. • In September, Abbott completed enrollment ahead of schedule in its VOLT-AF IDE trial, which is designed to evaluate the Volt ™ Pulsed Field Ablation (PFA) System for treating patients with heart rhythm disorders such as atrial fibrillation (AFib). "Our results this quarter demonstrate the strength of our diversified business model," said Robert B. Ford, chairman and chief executive officer, Abbott. "We're well-positioned to achieve the upper end of our initial guidance ranges for the year and have great momentum heading into next year." -- more -- Page 1 of 20 THIRD-QUARTER BUSINESS OVERVIEW Management believes that measuring sales growth rates on an organic basis, which excludes the impact of foreign exchange and the impact of discontinuing the ZonePerfect ® product line in the Nutrition business, is an appropriate way for investors to best understand the core underlying performance of the business. Management further believes that measuring sales growth rates on an organic basis excluding COVID-19 tests is an appropriate way for investors to best understand underlying base business performance as the COVID-19 pandemic has shifted to an endemic state, resulting in significantly lower demand for COVID-19 tests. Note: In order to compute results excluding the impact of exchange rates, current year U.S. dollar sales are multiplied or divided, as appropriate, by the current year average foreign exchange rates and then those amounts are multiplied or divided, as appropriate, by the prior year average foreign exchange rates. Third Quarter 2024 Results (3Q24) Sales 3Q24 ($ in millions) Total Company Nutrition Diagnostics Established Pharmaceuticals Medical Devices U.S. 4,202 950 1,032 — 2,216 International 6,433 1,116 1,380 1,406 2,531 Total reported 10,635 2,066 2,412 1,406 4,747 % Change vs. 3Q23 U.S. 10.1 10.4 1.8 n/a 14.2 International 1.7 (7.9) (3.8) 2.7 9.6 Total reported 4.9 (0.3) (1.5) 2.7 11.7 Impact of foreign exchange (2.5) (3.1) (2.9) (4.3) (1.6) Impact of business exit* (0.2) (0.6) — — — Organic 7.6 3.4 1.4 7.0 13.3 Impact of COVID-19 testing sales (3) (0.6) — (1.9) — — Organic (excluding COVID-19 tests) 8.2 3.4 3.3 7.0 13.3 U.S. 11.0 11.9 2.4 n/a 14.2 International 6.5 (2.6) 3.8 7.0 12.5 First Nine Months 2024 Results (9M24) Sales 9M24 ($ in millions) Total Company Nutrition Diagnostics Established Pharmaceuticals Medical Devices U.S. 11,982 2,761 2,775 — 6,435 International 18,994 3,523 4,046 3,926 7,499 Total reported 30,976 6,284 6,821 3,926 13,934 % Change vs. 9M23 U.S. 4.2 8.1 (16.2) n/a 14.3 International 3.4 (1.1) (2.4) 2.1 10.1 Total reported 3.7 2.7 (8.5) 2.1 12.0 Impact of foreign exchange (3.0) (3.1) (2.9) (7.3) (1.6) Impact of business exit and acquisition* 0.1 (0.4) — — 0.4 Organic 6.6 6.2 (5.6) 9.4 13.2 Impact of COVID-19 testing sales (3) (2.8) — (10.4) — — Organic (excluding COVID-19 tests) 9.4 6.2 4.8 9.4 13.2 U.S. 10.0 9.0 3.0 n/a 13.3 International 9.0 4.2 5.9 9.4 13.1 Refer to page 16 for a reconciliation of adjusted historical revenue to reported revenue. *Quarter to date Sept. 30, 2024, re flects the impact of discontinuing the ZonePerfect ® product line in the Nutrition business in March 2024. Year to date Sept. 30, 2024, reflects the impact of discontinuing the ZonePerfect product line in the Nutrition business in March 2024 and the acquisition of CSI on April 27, 2023. Organic sales growth excludes the impact of the acquired business from January through April 2024. -- more -- Page 2 of 20 Nutrition Third Quarter 2024 Results (3Q24) Sales 3Q24 ($ in millions) Total Pediatric Adult U.S. 950 568 382 International 1,116 387 729 Total reported 2,066 955 1,111 % Change vs. 3Q23 U.S. 10.4 12.2 7.9 International (7.9) (21.6) 1.5 Total reported (0.3) (4.5) 3.6 Impact of foreign exchange (3.1) (1.8) (4.4) Impact of business exit* (0.6) — (1.1) Organic 3.4 (2.7) 9.1 U.S. 11.9 12.2 11.5 International (2.6) (18.0) 8.0 Worldwide Nutrition sales decreased 0.3 percent on a reported basis and increased 3.4 percent on an organic basis in the third quarter, led by growth in Adult Nutrition. In Adult Nutrition, global sales increased 3.6 percent on a reported basis and 9.1 percent on an organic basis, which was led by growth of Ensure ® , Abbott's market-leading complete and balanced nutrition brand. First Nine Months 2024 Results (9M24) Sales 9M24 ($ in millions) Total Pediatric Adult U.S. 2,761 1,646 1,115 International 3,523 1,377 2,146 Total reported 6,284 3,023 3,261 % Change vs. 9M23 U.S. 8.1 11.8 3.2 International (1.1) (6.8) 2.8 Total reported 2.7 2.5 3.0 Impact of foreign exchange (3.1) (1.6) (4.4) Impact of business exit* (0.4) — (0.7) Organic 6.2 4.1 8.1 U.S. 9.0 11.8 5.0 International 4.2 (3.6) 9.7 *Reflects the impact of discontinuing the ZonePerfect ® product line. This action was initiated in March 2024. -- more -- Page 3 of 20 Diagnostics Third Quarter 2024 Results (3Q24) Sales 3Q24 ($ in millions) Total Core Laboratory Molecular Point of Care Rapid Diagnostics U.S. 1,032 332 37 103 560 International 1,380 982 91 43 264 Total reported 2,412 1,314 128 146 824 % Change vs. 3Q23 U.S. 1.8 4.5 (2.8) 6.0 (0.2) International (3.8) (1.5) (3.9) 0.7 (12.2) Total reported (1.5) — (3.6) 4.4 (4.4) Impact of foreign exchange (2.9) (4.3) (1.5) (0.2) (1.4) Organic 1.4 4.3 (2.1) 4.6 (3.0) Impact of COVID-19 testing sales (3) (1.9) (0.2) (3.9) — (3.4) Organic (excluding COVID-19 tests) 3.3 4.5 1.8 4.6 0.4 U.S. 2.4 4.8 4.5 6.0 (1.0) International 3.8 4.4 0.8 1.3 2.8 As expected, Diagnostics sales growth in the third quarter was negatively impacted by year-over-year declines in COVID-19 testing-related sales 3 . Worldwide COVID-19 testing sales were $265 million in the third quarter of 2024 compared to $305 million in the third quarter of the prior year. Excluding COVID-19 testing-related sales, global Diagnostics sales increased 0.2 percent on a reported basis and increased 3.3 percent on an organic basis. Excluding COVID-19 testing-related sales, global Core Laboratory Diagnostics sales grew 0.1 percent on a reported basis and increased 4.5 percent on an organic basis, led by continued adoption of Abbott's Alinity ® family of diagnostics systems and testing portfolios. First Nine Months 2024 Results (9M24) Sales 9M24 ($ in millions) Total Core Laboratory Molecular Point of Care Rapid Diagnostics U.S. 2,775 969 112 308 1,386 International 4,046 2,879 272 133 762 Total reported 6,821 3,848 384 441 2,148 % Change vs. 9M23 U.S. (16.2) 5.6 (12.3) 6.6 (29.8) International (2.4) 0.3 (7.2) 4.8 (10.6) Total reported (8.5) 1.5 (8.7) 6.0 (24.0) Impact of foreign exchange (2.9) (4.8) (0.8) (0.1) (1.1) Organic (5.6) 6.3 (7.9) 6.1 (22.9) Impact of COVID-19 testing sales (3) (10.4) (0.2) (6.3) — (25.0) Organic (excluding COVID-19 tests) 4.8 6.5 (1.6) 6.1 2.1 U.S. 3.0 5.9 (3.3) 6.6 (0.1) International 5.9 6.7 (0.9) 5.1 5.7 -- more -- Page 4 of 20 Established Pharmaceuticals Third Quarter 2024 Results (3Q24) Sales 3Q24 ($ in millions) Total Key Emerging Markets Other U.S. — — — International 1,406 994 412 Total reported 1,406 994 412 % Change vs. 3Q23 U.S. n/a n/a n/a International 2.7 0.7 8.1 Total reported 2.7 0.7 8.1 Impact of foreign exchange (4.3) (4.7) (3.1) Organic 7.0 5.4 11.2 U.S. n/a n/a n/a International 7.0 5.4 11.2 Established Pharmaceuticals sales increased 2.7 percent on a reported basis and 7.0 percent on an organic basis in the third quarter. Key Emerging Markets include several emerging countries that represent the most attractive long-term growth opportunities for Abbott's branded generics product portfolio. Sales in these geographies increased 0.7 percent on a reported basis and increased 5.4 percent on an organic basis, led by growth in several geographies and therapeutic areas, including gastroenterology, cardiometabolic, and central nervous system/pain management. First Nine Months 2024 Results (9M24) Sales 9M24 ($ in millions) Total Key Emerging Markets Other U.S. — — — International 3,926 2,910 1,016 Total reported 3,926 2,910 1,016 % Change vs. 9M23 U.S. n/a n/a n/a International 2.1 0.7 6.4 Total reported 2.1 0.7 6.4 Impact of foreign exchange (7.3) (9.0) (2.2) Organic 9.4 9.7 8.6 U.S. n/a n/a n/a International 9.4 9.7 8.6 -- more -- Page 5 of 20 Medical Devices Third Quarter 2024 Results (3Q24) Sales 3Q24 ($ in millions) Total Rhythm Management Electro- physiology Heart Failure Vascular Structural Heart Neuro-modulation Diabetes Care U.S. 2,216 288 285 252 258 270 190 673 International 2,531 309 325 70 441 288 46 1,052 Total reported 4,747 597 610 322 699 558 236 1,725 % Change vs. 3Q23 U.S. 14.2 6.0 15.8 16.7 2.8 21.1 0.8 23.6 International 9.6 5.7 9.2 5.2 4.5 9.2 17.8 13.3 Total reported 11.7 5.9 12.2 14.0 3.9 14.6 3.8 17.1 Impact of foreign exchange (1.6) (1.1) (2.1) (0.4) (1.0) (1.9) (1.4) (2.0) Organic 13.3 7.0 14.3 14.4 4.9 16.5 5.2 19.1 U.S. 14.2 6.0 15.8 16.7 2.8 21.1 0.8 23.6 International 12.5 7.9 13.0 6.6 6.2 12.6 25.7 16.5 Worldwide Medical Devices sales increased 11.7 percent on a reported basis and 13.3 percent on an organic basis in the third quarter, including double-digit organic growth in both the U.S. and internationally. Sales growth was led by double-digit growth in Diabetes Care, Structural Heart, Heart Failure, and Electrophysiology. Several products contributed to the strong performance, including FreeStyle Libre ® , Navitor ® , TriClip ® , Amplatzer ® Amulet ® , and AVEIR ® . In Electrophysiology, sales grew 12.2 percent on a reported basis and 14.3 percent on an organic basis, which included double-digit growth in catheters and cardiac mapping-related products. In Diabetes Care, sales of continuous glucose monitors exceeded $1.6 billion and grew 19.1 percent on a reported basis and 20.7 percent on an organic basis. First Nine Months 2024 Results (9M24) Sales 9M24 ($ in millions) Total Rhythm Management Electro- physiology Heart Failure Vascular Structural Heart Neuro-modulation Diabetes Care U.S. 6,435 851 841 733 787 761 563 1,899 International 7,499 915 983 215 1,325 876 142 3,043 Total reported 13,934 1,766 1,824 948 2,112 1,637 705 4,942 % Change vs. 9M23 U.S. 14.3 6.4 15.3 11.0 7.4 16.7 6.5 24.3 International 10.1 4.8 12.6 8.2 4.2 10.3 16.5 13.5 Total reported 12.0 5.6 13.8 10.4 5.4 13.2 8.4 17.4 Impact of foreign exchange (1.6) (1.2) (2.6) (0.1) (1.3) (1.9) (1.5) (1.9) Impact of acquisition* 0.4 — — — 2.8 — — — Organic 13.2 6.8 16.4 10.5 3.9 15.1 9.9 19.3 U.S. 13.3 6.4 15.3 11.0 0.1 16.7 6.5 24.3 International 13.1 7.1 17.4 8.9 6.0 13.7 24.6 16.5 *Abbott completed the acquisition of CSI on April 27, 2023. For purposes of calculating organic sales growth, the impact from this acquired business has been excluded from January through April 2024. -- more -- Page 6 of 20 ABBOTT'S EARNINGS-PER-SHARE GUIDANCE Abbott projects full-year 2024 diluted earnings per share under GAAP of $3.34 to $3.40. Abbott forecasts specified items for the full-year 2024 of $1.30 per share primarily related to intangible amortization, restructuring and cost reduction initiatives and other net expenses. Excluding specified items, projected adjusted diluted earnings per share would be $4.64 to $4.70 for the full-year 2024. Abbott projects fourth-quarter 2024 diluted earnings per share under GAAP of $0.96 to $1.02. Abbott forecasts specified items for the fourth-quarter 2024 of $0.35 per share primarily related to intangible amortization, restructuring and cost reduction initiatives and other net expenses. Excluding specified items, projected adjusted diluted earnings per share would be $1.31 to $1.37 for the fourth quarter 2024. ABBOTT DECLARES 403 RD CONSECUTIVE QUARTERLY DIVIDEND On Sept. 19, 2024, the board of directors of Abbott declared the company's quarterly dividend of $0.55 per share. Abbott's cash dividend is payable Nov. 15, 2024, to shareholders of record at the close of business on Oct. 15, 2024. Abbott has increased its dividend payout for 52 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years. About Abbott: Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries. Connect with us at www.abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube. Abbott will live-webcast its third-quarter earnings conference call through its Investor Relations website at www.abbottinvestor.com at 8 a.m. Central time today. An archived edition of the webcast will be available later in the day. -- more -- Page 7 of 20 — Private Securities Litigation Reform Act of 1995 — A Caution Concerning Forward-Looking Statements Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Abbott cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological and other factors that may affect Abbott's operations are discussed in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended Dec. 31, 2023, and are incorporated herein by reference. Abbott undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law. Abbott Financial: Michael Comilla, 224-668-1872 Tamika LeBean, 224-399-5082 Ryan Aliff, 224-667-2299 Abbott Media: Karen Twigg May, 224-668-2681 Kate Dyer, 224-668-9965 1 In the third quarter of 2024, total worldwide sales were $10.635 billion and COVID-19 testing-related sales were $265 million. In the third quarter of 2023, total worldwide sales were $10.143 billion and COVID-19 testing-related sales were $305 million. 2 Abbott has not provided the related GAAP financial measure for organic sales growth, excluding COVID-19 testing-related sales, on a forward-looking basis because the company is unable to predict with reasonable certainty the impact of foreign exchange due to the unpredictability of future changes in foreign exchange rates, which could significantly impact reported sales growth. In addition, as the COVID-19 pandemic has shifted to an endemic state, the company has determined that it is unable to predict with reasonable certainty future COVID-19 test sales due to the unpredictability of demand for COVID-19 tests. 3 Diagnostic sales and COVID-19 testing-related sales in 2024 and 2023 are summarized below: Sales 3Q24 COVID Tests Sales 3Q24 ($ in millions) U.S. Int'l Total U.S. Int'l Total Total Diagnostics 1,032 1,380 2,412 206 59 265 Core Laboratory 332 982 1,314 1 2 3 Molecular 37 91 128 2 1 3 Rapid Diagnostics 560 264 824 203 56 259 Sales 3Q23 COVID Tests Sales 3Q23 ($ in millions) U.S. Int'l Total U.S. Int'l Total Total Diagnostics 1,013 1,436 2,449 207 98 305 Core Laboratory 317 997 1,314 2 3 5 Molecular 38 95 133 5 3 8 Rapid Diagnostics 561 301 862 200 92 292 Sales 9M24 COVID Tests Sales 9M24 ($ in millions) U.S. Int'l Total U.S. Int'l Total Total Diagnostics 2,775 4,046 6,821 428 143 571 Core Laboratory 969 2,879 3,848 3 5 8 Molecular 112 272 384 7 3 10 Rapid Diagnostics 1,386 762 2,148 418 135 553 Sales 9M23 COVID Tests Sales 9M23 ($ in millions) U.S. Int'l Total U.S. Int'l Total Total Diagnostics 3,309 4,145 7,454 1,031 267 1,298 Core Laboratory 917 2,872 3,789 6 10 16 Molecular 128 293 421 19 17 36 Rapid Diagnostics 1,975 853 2,828 1,006 240 1,246 -- more -- Page 8 of 20 Abbott Laboratories and Subsidiaries Condensed Consolidated Statement of Earnings Third Quarter Ended September 30, 2024 and 2023 (in millions, except per share data) (unaudited) 3Q24 3Q23 % Change Net Sales $10,635 $10,143 4.9 Cost of products sold, excluding amortization expense 4,698 4,605 2.0 Amortization of intangible assets 470 496 (5.1) Research and development 713 672 6.1 Selling, general, and administrative 2,895 2,723 6.3 Total Operating Cost and Expenses 8,776 8,496 3.3 Operating Earnings 1,859 1,647 12.8 Interest expense, net 51 69 (26.0) Net foreign exchange (gain) loss (11) (10) n/m Other (income) expense, net (121) (83) n/m Earnings before taxes 1,940 1,671 16.1 Taxes on earnings 294 235 25.6 Net Earnings $1,646 $1,436 14.6 Net Earnings excluding Specified Items, as described below $2,119 $2,000 5.9 1) Diluted Earnings per Common Share $0.94 $0.82 14.6 Diluted Earnings per Common Share, excluding Specified Items, as described below $1.21 $1.14 6.1 1) Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options 1,748 1,748 NOTES: See tables on page 13 for an explanation of certain non-GAAP financial information. n/m = Percent change is not meaningful. See footnotes on the following page. -- more -- Page 9 of 20 1) 2024 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $473 million, or $0.27 per share, for intangible amortization, charges related to intangible impairment, expenses associated with acquisitions and a divestiture, and other net expenses. 2023 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $564 million, or $0.32 per share, for intangible amortization, charges related to the impairment of R&D intangible assets, expenses associated with acquisitions, restructuring and cost reduction initiatives and other net expenses. -- more -- Page 10 of 20 Abbott Laboratories and Subsidiaries Condensed Consolidated Statement of Earnings Nine Months Ended September 30, 2024 and 2023 (in millions, except per share data) (unaudited) 9M24 9M23 % Change Net Sales $30,976 $29,868 3.7 Cost of products sold, excluding amortization expense 13,764 13,419 2.6 Amortization of intangible assets 1,413 1,485 (4.9) Research and development 2,095 2,041 2.6 Selling, general, and administrative 8,790 8,225 6.9 Total Operating Cost and Expenses 26,062 25,170 3.5 Operating Earnings 4,914 4,698 4.6 Interest expense, net 170 182 (6.4) Net foreign exchange (gain) loss (17) 17 n/m Other (income) expense, net (222) (370) n/m Earnings before taxes 4,983 4,869 2.3 Taxes on earnings 810 740 9.6 1) Net Earnings $4,173 $4,129 1.0 Net Earnings excluding Specified Items, as described below $5,851 $5,708 2.5 2) Diluted Earnings per Common Share $2.38 $2.35 1.3 Diluted Earnings per Common Share, excluding Specified Items, as described below $3.33 $3.25 2.5 2) Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options 1,749 1,750 NOTES: See tables on page 14 for an explanation of certain non-GAAP financial information. n/m = Percent change is not meaningful. See footnotes on the following page. -- more -- Page 11 of 20 1) 2024 Taxes on Earnings includes the recognition of approximately $35 million of net tax expense as a result of the resolution of various tax positions related to prior years. 2023 Taxes on Earnings includes the recognition of approximately $59 million of net tax expense as a result of the resolution of various tax positions related to prior years. 2) 2024 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $1.678 billion, or $0.95 per share, for intangible amortization, charges related to intangible impairment, charges related to restructuring and cost reduction initiatives, expenses associated with acquisitions and a divestiture, and other net expenses. 2023 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $1.579 billion, or $0.90 per share, for intangible amortization, charges related to restructuring and cost reduction initiatives, expenses associated with acquisitions and other net expenses. -- more -- Page 12 of 20 Abbott Laboratories and Subsidiaries Non-GAAP Reconciliation of Financial Information Third Quarter Ended September 30, 2024 and 2023 (in millions, except per share data) (unaudited) 3Q24 As Reported (GAAP) Specified Items As Adjusted Intangible Amortization $ 470 $ (470) $ — Gross Margin 5,467 516 5,983 R&D 713 (19) 694 SG&A 2,895 (5) 2,890 Other (income) expense, net (121) (12) (133) Earnings before taxes 1,940 552 2,492 Taxes on Earnings 294 79 373 Net Earnings 1,646 473 2,119 Diluted Earnings per Share $ 0.94 $ 0.27 $ 1.21 Specified items reflect intangible amortization expense of $470 million and other net expenses of $82 million associated with charges related to intangible impairment, acquisitions, a divestiture and other net expenses. See page 17 for additional details regarding specified items. 3Q23 As Reported (GAAP) Specified Items As Adjusted Intangible Amortization $ 496 $ (496) $ — Gross Margin 5,042 542 5,584 R&D 672 (46) 626 SG&A 2,723 (43) 2,680 Other (income) expense, net (83) (23) (106) Earnings before taxes 1,671 654 2,325 Taxes on Earnings 235 90 325 Net Earnings 1,436 564 2,000 Diluted Earnings per Share $ 0.82 $ 0.32 $ 1.14 Specified items reflect intangible amortization expense of $496 million and other net expenses of $158 million associated with restructuring actions, costs associated with acquisitions and other net expenses. See page 18 for additional details regarding specified items. -- more -- Page 13 of 20 Abbott Laboratories and Subsidiaries Non-GAAP Reconciliation of Financial Information Nine Months Ended September 30, 2024 and 2023 (in millions, except per share data) (unaudited) 9M24 As Reported (GAAP) Specified Items As Adjusted Intangible Amortization $ 1,413 $ (1,413) $ — Gross Margin 15,799 1,540 17,339 R&D 2,095 (81) 2,014 SG&A 8,790 (96) 8,694 Other (income) expense, net (222) (183) (405) Earnings before taxes 4,983 1,900 6,883 Taxes on Earnings 810 222 1,032 Net Earnings 4,173 1,678 5,851 Diluted Earnings per Share $ 2.38 $ 0.95 $ 3.33 Specified items reflect intangible amortization expense of $1.413 billion and other net expenses of $487 million associated with restructuring actions, acquisitions, a divestiture and other net expenses. See page 19 for additional details regarding specified items. 9M23 As Reported (GAAP) Specified Items As Adjusted Intangible Amortization $ 1,485 $ (1,485) $ — Gross Margin 14,964 1,591 16,555 R&D 2,041 (144) 1,897 SG&A 8,225 (67) 8,158 Other (income) expense, net (370) 34 (336) Earnings before taxes 4,869 1,768 6,637 Taxes on Earnings 740 189 929 Net Earnings 4,129 1,579 5,708 Diluted Earnings per Share $ 2.35 $ 0.90 $ 3.25 Specified items reflect intangible amortization expense of $1.485 billion and other net expenses of $283 million associated with restructuring actions, costs associated with acquisitions and other expenses. See page 20 for additional details regarding specified items. -- more -- Page 14 of 20 A reconciliation of the third-quarter tax rates for 2024 and 2023 is shown below: 3Q24 ($ in millions) Pre-Tax Income Taxes on Earnings Tax Rate As reported (GAAP) $ 1,940 $ 294 15.2 % Specified items 552 79 Excluding specified items $ 2,492 $ 373 15.0 % 3Q23 ($ in millions) Pre-Tax Income Taxes on Earnings Tax Rate As reported (GAAP) $ 1,671 $ 235 14.0 % Specified items 654 90 Excluding specified items $ 2,325 $ 325 14.0 % A reconciliation of the year-to-date tax rates for 2024 and 2023 is shown below: 9M24 ($ in millions) Pre-Tax Income Taxes on Earnings Tax Rate As reported (GAAP) $ 4,983 $ 810 16.3 % 1) Specified items 1,900 222 Excluding specified items $ 6,883 $ 1,032 15.0 % 9M23 ($ in millions) Pre-Tax Income Taxes on Earnings Tax Rate As reported (GAAP) $ 4,869 $ 740 15.2 % 2) Specified items 1,768 189 Excluding specified items $ 6,637 $ 929 14.0 % 1) 2024 Taxes on Earnings includes the recognition of approximately $35 million of net tax expense as a result of the resolution of various tax positions related to prior years. 2) 2023 Taxes on Earnings includes the recognition of approximately $59 million of net tax expense as a result of the resolution of various tax positions related to prior years. -- more -- Page 15 of 20 Abbott Laboratories and Subsidiaries Non-GAAP Revenue Reconciliation Third Quarter and Nine Months Ended September 30, 2024 and 2023 ($ in millions) (unaudited) 3Q24 3Q23 % Change vs. 3Q23 Non-GAAP Abbott Reported Impact from business exit (b) Adjusted Revenue Abbott Reported Impact from business exit (b) Adjusted Revenue Reported Adjusted Organic Total Company 10,635 (5) 10,630 10,143 (17) 10,126 4.9 5.1 7.6 U.S. 4,202 (5) 4,197 3,817 (17) 3,800 10.1 10.4 10.4 Intl 6,433 — 6,433 6,326 — 6,326 1.7 1.7 5.8 Total Nutrition 2,066 (5) 2,061 2,073 (17) 2,056 (0.3) 0.3 3.4 U.S. 950 (5) 945 860 (17) 843 10.4 11.9 11.9 Intl 1,116 — 1,116 1,213 — 1,213 (7.9) (7.9) (2.6) Adult Nutrition 1,111 (5) 1,106 1,072 (17) 1,055 3.6 4.7 9.1 U.S. 382 (5) 377 354 (17) 337 7.9 11.5 11.5 Intl 729 — 729 718 — 718 1.5 1.5 8.0 Total Medical Devices 4,747 — 4,747 4,249 — 4,249 11.7 11.7 13.3 U.S. 2,216 — 2,216 1,940 — 1,940 14.2 14.2 14.2 Intl 2,531 — 2,531 2,309 — 2,309 9.6 9.6 12.5 Vascular 699 — 699 672 — 672 3.9 3.9 4.9 U.S. 258 — 258 251 — 251 2.8 2.8 2.8 Intl 441 — 441 421 — 421 4.5 4.5 6.2 9M24 9M23 % Change vs. 9M23 Non-GAAP Abbott Reported Impact of acquisition (a) Impact from business exit (b) Adjusted Revenue Abbott Reported Impact from business exit (b) Adjusted Revenue Reported Adjusted Organic Total Company 30,976 (57) (13) 30,906 29,868 (32) 29,836 3.7 3.6 6.6 U.S. 11,982 (53) (13) 11,916 11,503 (32) 11,471 4.2 3.9 3.9 Intl 18,994 (4) — 18,990 18,365 — 18,365 3.4 3.4 8.3 Total Nutrition 6,284 — (13) 6,271 6,116 (32) 6,084 2.7 3.1 6.2 U.S. 2,761 — (13) 2,748 2,553 (32) 2,521 8.1 9.0 9.0 Intl 3,523 — — 3,523 3,563 — 3,563 (1.1) (1.1) 4.2 Adult Nutrition 3,261 — (13) 3,248 3,167 (32) 3,135 3.0 3.7 8.1 U.S. 1,115 — (13) 1,102 1,081 (32) 1,049 3.2 5.0 5.0 Intl 2,146 — — 2,146 2,086 — 2,086 2.8 2.8 9.7 Total Medical Devices 13,934 (57) — 13,877 12,444 — 12,444 12.0 11.6 13.2 U.S. 6,435 (53) — 6,382 5,631 — 5,631 14.3 13.3 13.3 Intl 7,499 (4) — 7,495 6,813 — 6,813 10.1 10.0 13.1 Vascular 2,112 (57) — 2,055 2,004 — 2,004 5.4 2.6 3.9 U.S. 787 (53) — 734 733 — 733 7.4 0.1 0.1 Intl 1,325 (4) — 1,321 1,271 — 1,271 4.2 3.9 6.0 (a) Abbott completed the acquisition of CSI on April 27, 2023. For purposes of calculating organic sales growth, the impact from this acquired business has been excluded from January through April 2024. (b) Reflects the impact of discontinuing the ZonePerfect ® product line in the Nutrition business. This action was initiated in March 2024. -- more -- Page 16 of 20 Abbott Laboratories and Subsidiaries Details of Specified Items Third Quarter Ended September 30, 2024 (in millions, except per share data) (unaudited) Acquisition or Divestiture- related (a) Restructuring and Cost Reduction Initiatives (b) Intangible Amortization Other (c) Total Specifieds Gross Margin $ — $ 2 $ 470 $ 44 $ 516 R&D — — — (19) (19) SG&A (7) 2 — — (5) Other (income) expense, net (5) — — (7) (12) Earnings before taxes $ 12 $ — $ 470 $ 70 552 Taxes on Earnings (d) 79 Net Earnings $ 473 Diluted Earnings per Share $ 0.27 The table above provides additional details regarding the specified items described on page 13. a) Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses. b) Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives. c) Other includes incremental costs to comply with the European Union's Medical Device Regulations (MDR) and In Vitro Diagnostics Medical Device Regulations (IVDR) requirements for previously approved products and investment and intangible asset impairment charges. d) Reflects the net tax benefit associated with the specified items. -- more -- Page 17 of 20 Abbott Laboratories and Subsidiaries Details of Specified Items Third Quarter Ended September 30, 2023 (in millions, except per share data) (unaudited) Acquisition or Divestiture- related (a) Restructuring and Cost Reduction Initiatives (b) Intangible Amortization Other (c) Total Specifieds Gross Margin $ 3 $ 19 $ 496 $ 24 $ 542 R&D (1) (13) — (32) (46) SG&A (22) (22) — 1 (43) Other (income) expense, net 5 — — (28) (23) Earnings before taxes $ 21 $ 54 $ 496 $ 83 654 Taxes on Earnings (d) 90 Net Earnings $ 564 Diluted Earnings per Share $ 0.32 The table above provides additional details regarding the specified items described on page 13. a) Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses, as well as legal and other costs related to business acquisitions. b) Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives. c) Other includes incremental costs to comply with the European Union's Medical Device Regulations (MDR) and In Vitro Diagnostics Medical Device Regulations (IVDR) requirements for previously approved products and charges for intangible asset impairments. d) Reflects the net tax benefit associated with the specified items. -- more -- Page 18 of 20 Abbott Laboratories and Subsidiaries Details of Specified Items Nine Months Ended September 30, 2024 (in millions, except per share data) (unaudited) Acquisition or Divestiture- related (a) Restructuring and Cost Reduction Initiatives (b) Intangible Amortization Other (c) Total Specifieds Gross Margin $ 2 $ 76 $ 1,413 $ 49 $ 1,540 R&D (4) (1) — (76) (81) SG&A (32) (17) — (47) (96) Other (income) expense, net (140) — — (43) (183) Earnings before taxes $ 178 $ 94 $ 1,413 $ 215 1,900 Taxes on Earnings (d) 222 Net Earnings $ 1,678 Diluted Earnings per Share $ 0.95 The table above provides additional details regarding the specified items described on page 14. a) Includes the loss on the sale of a non-core business. Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses, as well as other costs related to business acquisitions. b) Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives. c) Other includes incremental costs to comply with the MDR and IVDR regulations for previously approved products and charges for investment and intangible asset impairments. d) Reflects the net tax benefit associated with the specified items and tax expense as a result of the resolution of various tax positions related to prior years. -- more -- Page 19 of 20 Abbott Laboratories and Subsidiaries Details of Specified Items Nine Months Ended September 30, 2023 (in millions, except per share data) (unaudited) Acquisition or Divestiture- related (a) Restructuring and Cost Reduction Initiatives (b) Intangible Amortization Other (c) Total Specifieds Gross Margin $ 15 $ 51 $ 1,485 $ 40 $ 1,591 R&D (13) (5) — (126) (144) SG&A (43) (28) — 4 (67) Other (income) expense, net 46 — — (12) 34 Earnings before taxes $ 25 $ 84 $ 1,485 $ 174 1,768 Taxes on Earnings (d) 189 Net Earnings $ 1,579 Diluted Earnings per Share $ 0.90 The table above provides additional details regarding the specified items described on page 14. a) Acquisition-related expenses include legal and other costs related to business acquisitions as well as integration costs, which represent incremental costs directly related to integrating acquired businesses. b) Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives. c) Other includes incremental costs to comply with the MDR and IVDR regulations for previously approved products and charges for intangible asset impairments. d) Reflects the net tax benefit associated with the specified items and tax expense as a result of the resolution of various tax positions related to prior years. ### Page 20 of 20

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.