between used connection knows bad I'm background. to other Thanks, upfront any so have barking I'll different for handoffs everybody's for awkward and that Keri. just dogs now. this call cellphone any think each that And locations in I everybody sure we that apologize in earnings we're right now, and/or of by the the
trying this and get in in we're and that environment they unusual and over that to with used that to for days want consecutive cannot I you they get I healthy out more last to to right years, can get wait XX working hope house. to be I I'm this because in I and are families want started tell home have family I my know living been I've for just also safe your of now. and you the say before that I pretty sure than the that sure me certainly
you're that and best as an ourselves not this hopefully, possible, know we about opportunity again, certainly families. us did learn to managing things before So gives our as through
a is Given think when the just fact would that no really that there unprecedented you COVID-XX through that and that pathway the I on give can at mean, really historic a the to pandemic back down. world we global it it, nothing look seen basically compares of forward as There's when this, so proxy about thinking you result looking shut ever is that we view. have
time result Suky spend obviously, it. and know impacting going as ZB, We'll a of through significance I'll lot back make forth, can spend on we you sure lot the the of giving But today sure. is view will want here. particularly earnings that happen it's the call. time in will future of relative fact to time the from how spend talking it, to give we information of what I'm it let think you there's about Q&A, a And to we it. be the his a walking in what moving we of
very first behind momentum talk day, walk members. just one the very very that will at because away call least really make these believe but put end And the be truly points the make safety And Biomet, team a with that included, and here Zimmer the significant of about happy that that meaningful all sure of minute, and have early safe amount points of want our throughout our I'm sure focused I we've at the energy And I these the I'll key that on up is in have this members you that that this. most ensuring to to X the X myself from more the been with team through this call. we've priority do are been we the our picked has of
do organization his team of in high level backstopped we sure right second the and of The liquidity you gate. I'm to that And a have and a high Suky of financial flexibility financial I adequate thing that to would aggressively level very work is through we liquidity confidence and that make our this we storm. have that we confidence of flexibility manage the that proud have out tell as the result. did a
Number back the a we majority many, that. and very now happen, of have confidence But that we timing confidence also come know The the many sure funnel. is of high these level in I'm just right patients the funnel. of come recovery. the into will the of in just have patients recovery variable a of will that three, are very back level deferred biggest a now being will the high that
our key projects. invest The deter in mean fourth will committed that thing and key key areas. save organization we This but in because as to continue is that aggressively, won't research not we us a be spending we will more continuing these areas, from money It and about talk strategic in we areas, in that I'll double strategic development an down have to will minute. in to those money and commercial doesn't
than work this done have reshape thing fifth are, just now is deal we years company, given was we better if to years X ago. X we the that the would right we've the last are prepared it the with over challenge And to
and confident reshaping through we're come given matter the position cannot fact, we that only that feel in, of we a the COVID-XX. As of company
of done. work We as will position come have better in through a a result we that the
confident are those liquidity the X and feel really, things. flexibility company. We X our is the priority. So of the financial Safety in
We have recovery. the confidence in
in the are will confident we a position out started. areas, key better strategic we and than we when COVID-XX continue to very come will We of end invest in other
Okay.
sounds ready start inconceivable mobilized a that you broader January, enough, crisis early occurred, comprehensive place. were a literally extent in multiple streams as of management the part before of safety, why can a the an confident away, that result just mitigation process work that, to months pandemic be. COVID-XX very plan. right let's a but kind we And did I'll together did we we with as and that this So give year, it so planning process, as are actually. through, for possible, here. of plan did I the put it a have we pandemic global actually in we going last And of feel overview we and on you I planning as Interestingly risk know
a We means perspective, for think our able this reshaping changer we a already X I And ongoing significant the team that's the We've in over game because it's put us. this stronger transformation of had a ZB whole been, key together also to been from And to last really process. been that my over had has team. tackle stronger years. the
like new have a to things now, able very place get reached culture. being and even we paramount in policies All a are pandemic active move supportive a We put very to this, COVID-XX and to before challenge business through those engaged status. right we the and have
our travel began we shift our We did and want we doesn't entering policies. That our had we sites them manufacturing sites in as that isolated broader didn't right had process, as where practices We We make that any we meetings, possible, immediately distancing to keep want work. the visitors just and sites in We Very are no gate. early work-from-home allow policies, on large continuing the social to sense, workers out of to were. to right? visitors did not or distribution facilities. the essential in those no
so the and challenging who proactive out this moved I think during again, members just team I And that of very especially distribution thank planning want road laid teams, process. already just beyond time. a our above we took and manufacturing, that and gone stance through truly all and do map have commercial had also to our because really aggressively we
sure We still to are to out what successful still the have who surgeries. procedures front we be it's out have every that forward. members move those we still team professionals They're line have the the make need care there, in been doing impressive, truly just that there that And that in hospitals on they care making sure have day. health really, patient
obviously, our all production And are adhered safe making also of the production to now supply also where They've we basically to chain. new all a need. has we sure while, safety that without do they've team possible, where the done managed and modulate Our and and that changes we work made effective lines our in and right we COVID-XX. disrupting given manner that have for temporary overall has shutdowns this facility the guidelines doing protocols sites proactively to
say, So our patients gate the I'm members and team of has seriously but proud out and safety achieve the how so needless to just partners goals our team our to ZB keep has safe worked safe, of really not to also customers, taken as our well.
Okay.
of the the gate would obviously, -- to took and Moving aggressive financial liquidity cost also, measures out the associated flexibility. adequate tell associated business disruption we and of on confidence the two and support COVID-XX, around company. as with saw liquidity the number just to I for the you our to right challenges very we contain
of billion and first on then backstop. debt credit $X.X we an billion And on Suky refinanced the was due as additional $X of this an of to shortly that facility One went team secured that after $X.X year. things billion focused making we sure X and that additional revolver renegotiating came our that our April then
they that And strength team make and we in ahead the flexibility made so Suky and out financial got to kudos organization. sure right that his had to sure this of and just again, liquidity
announced execute previously to on continued we've our Additionally, program. restructuring
ultimate may to, for and growth. we driving focused on expansion throughout streamlining you investment with over which for while remember, allowing organization program As also just the the was allow committed time, structure intent to margin for efficiency our this
mindset have restructuring and to restructuring be only happen in group very plan Really, was for place. that put both the in us the as the way place tandem to costs and result it having to things COVID-XX to streams we plan forward this actually and working aggressively cut the able in quickly And that could pivot helped those actually, in the the this a we move place challenges had program. really using work of
an needed that the modulated the today. inventory sure with business need And right? for inventory keeping consumption We manufacturing the positioning that the to make across on cash our the inventory we also the for have and it comes. is recovery output we business have continuity, also We've facilities, schedules also, eye while when
members I've team as and salaried we And we probably to about Board of temporary for of reductions for of implemented all our XXX% executive pay finally, annual pay retainer during taken you then cuts have the And to heard, Directors. teams XX% XXX% XX%. base in personally reduction my period. up And of our did this reductions
Okay.
first X, and we just Moving we momentum recovery. expectations absolutely What our our on of and the across first into confidence coming obviously, regions. pretty or you part foremost, But at I'd out the XXXX the all to of carried COVID-XX. the were tell performing in businesses above had quarter, much early pre that
Now the for our specifically, just probably dependence business, ZB procedures. landscape impacted there's for changed on elective has that it absolutely most, the But significantly given has doubt than no more our pandemic everyone.
That's that revenue the global our comes from of percent bad procedures. news. elective XX-plus have We
can us Now said, these in news The into believe no procedures. news is, was life-changing the bone And I funnel. the fact that. the we procedure, procedures as and There's these a good patients the come to that question joint about really confident health the procedure, pandemic. these surgery certainly critical the care ultimately good do will, before fact, back and or return our you back will system. patients make business a that delay is strong is, often of knee But hip nature other
get disruptions come the market It's not disasters fact, into funnel. of large an proxy, back, have is and those natural that. seen they patients we the when in back do, deferred, occur seen the or And majority but do occur, come fact other exact we've
that about in also determine the harder just the going make the when come with short to have back. even think they're given to Now to procedures. The back, this OR in term patients patient back. is ready the we're think the seen on that given and/or to PPE fact have testing psychological to of number come just we obviously what access the bringing to We're have volume are And variables of significantly different about capacity something a we've There patients. to past these viewpoint kits. going when will going it of consider other to is to deferred be they're than
analysis, tell now come can one believe done you majority the will happen. outreach done is consistency we've I does just patients over right and our to extensive But customers. when of is becomes question that to our we've an The own going The back. that's everyone these
definitely Based we until sequential our we there. be back really our truly QX on be challenging then challenging from after quarter, difficult now April a as QX is most say, improvement and April and trying most April the month-to-month normal. on do most will to what that, month. We to and to month the our and modeling month performance a to going put some the color But see we're right would sequential and basis we see basis to clearly, this, on as if believe get performance, is going quarterly improvement we're April, a
Okay.
to on X. Moving
on As high-priority, to and I in said, highly to projects. we're going and to key drive focused business, high-growth We're areas. the those investments commercial our innovation way disciplined in continue areas making invest R&D dedicated of a we're in to and continue
and build specialty this The continue fact robotics-related focus anything, And dedicated commercial any that are high-value we during And key time. will teams initiatives investment, these sales our priorities. look the now to at will and these things ROSA going is programs. we stop other These not right and/or certainly if on accelerate have, when projects. we're to our out other
providing more environment In terms to deployment of cost we've launched Apple addition, and change innovative customers with the but limited virtually, our used recently right COVID mymobility importantly, recovering at hospital the really version respond rapid pre of patients patients guide that surgeons initiatives, patient's supporting innovative op all It's through data can reduce LE LE, procedure of and for and care to help it home. visits. for this perfect real-time so know mechanism, how from alternative support the be lower and and to and continue care is but unnecessary preparing patient while particular is on mymobility, surgeons exclusive really solution the and delivering to which the providing commercial LE, an and by progress actively, in-office time and and to now. the needs to a mymobility make for mymobility doing. mymobility built this that This post partnership is teams procedure
distancing be to patient, also messaging offers provides It place. video-guided to for to home, not with have and programs the right in It contact that to connection rehab video, but to with that exercises And allowing be there, direct again text-based that personal to new allowing to able happen the picture social and patient that at that surgeon are policies rehabilitation. it have education. offers do
that can virtual experience, learn the through that that experience, we initiative even virtual other been our that got trainings into can was with have where a can care experience, we conference immediately for we're the and online virtual, of talk make commercial again, they canceled would come booth, reality that can AAOS when well. or up actually shown putting as that in was commercial kind sure put together at virtual they AAOS. But that the to March AAOS Another partners have virtually. would in through a that directly trainings teams great doing to They to products there place was about health sign
that We've the surgeon in this X,XXX alone. partners. over well very visits weeks of received X out can has site our been tell the had by I you first gate, And
pandemic. and we're again, focused make to going the are to and in organization, strategic during we're continue to stay continue So to going matter innovations important investing areas that to that we sure on that now those bring right the
to just fifth work us COVID-XX, side takeaway. when the moving than the past reposition over done the truly that able company a we to success through emerge on believe the be position for get in positions it. finally, other years absolutely able on to to be do And started not but to to X we've better We better the
will And and obvious, manufacturing culture, inventory This real think teams that I a companies. our time strategy, financial the most what the is our performance, in I and evolving have improving it's business challenging is past best our transforming improved for we test, have supply we X years, clearly and innovative sure our even management. progress the know made vastly that over
give team have well believe talented grow and near very is business We this up our just could global dedicated open competitive innovation, truthfully, challenge. positions our we also us and to key that this stability financial and our our now a base the during progress share proactive Our time and term. and, that us new challenging this opportunities right that drive not for stance in strong, position advantages also but business
with I'm to Suky details. call And into to to going financial that, turn over the more get