PR Newswire
FRANKLIN LAKES, N.J., Nov. 10, 2022
Execution of BD 2025 Strategy Driving Consistent Durable Growth
FRANKLIN LAKES, N.J., Nov. 10, 2022 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced results for its fourth quarter and full year of fiscal 2022, which ended September 30, 2022.
"Fiscal 2022 was another outstanding year with impactful results that confirm the effectiveness of our BD 2025 strategy," said Tom Polen, chairman, CEO and president of BD. "We delivered reliable, consistent performance that reflects our team's unwavering commitment to our purpose and the execution of our growth plan – while navigating the challenging macro environment all companies are facing. Looking forward, our strong performance and momentum increases our confidence to continue to create substantial, sustained value for all stakeholders."
Recent Business Highlights
BD continues to advance its innovation-driven growth strategy, tuck-in M&A, and ESG initiatives.
Basis of Presentation— Continuing Operations
On April 1, 2022, the Company completed the spin-off of its Diabetes Care business as a separate publicly traded company named Embecta Corp. ("Embecta"). The historical results of the Diabetes Care business that was contributed to Embecta in the spin-off are now accounted for as discontinued operations. Financial information presented in this release reflects BD's results on a continuing operations basis, which excludes Embecta. Prior periods have been recast to conform to this presentation.
Fourth Quarter Fiscal 2022 Operating Results
| | Three Months Ended September 30, | | Change | | Foreign Currency | ||
(Millions of dollars, except per share amounts) | | 2022 | | 2021 | | | ||
Revenues | | $ 4,761 | | $ 4,849 | | (1.8) % | | 2.3 % |
Base Revenues1 | | $ 4,724 | | $ 4,533 | | 4.2 % | | 8.6 % |
Base Organic Revenue Growth1 | | | | | | 2.4 % | | 6.8 % |
Reported Diluted Earnings per Share | | $ 0.92 | | $ 0.46 | | 100.0 % | | 137.0 % |
Adjusted Diluted Earnings per Share1 | | $ 2.75 | | $ 2.15 | | 27.9 % | | 36.3 % |
|
1Represents a non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in the attached financial tables. Base revenues denotes total revenues less estimated revenues for COVID-19-only diagnostic testing. Base Organic Revenue Growth excludes the contribution from inorganic revenues from acquisitions, which is defined as revenues recognized during the first 12 months post-acquisition. |
Geographic Results
Revenues (Millions of dollars) | | Three Months Ended September 30, | | Reported Change | | Foreign Currency | ||
| | 2022 | | 2021 | | | ||
United States | | $ 2,708 | | $ 2,649 | | 2.2 % | | 2.2 % |
International | | $ 2,053 | | $ 2,200 | | (6.7) % | | 2.4 % |
Total Revenues | | $ 4,761 | | $ 4,849 | | (1.8) % | | 2.3 % |
|
1Represents a non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in the attached financial tables. |
Segment Results
Revenues (Millions of dollars) | | Three Months Ended | | Reported | | Foreign | | Reported | | Foreign Currency | ||
| | 2022 | | 2021 | | | | | ||||
BD Medical | | $ 2,377 | | $ 2,246 | | 5.8 % | | 10.2 % | | 5.8 % | | 10.2 % |
BD Life Sciences | | $ 1,287 | | $ 1,532 | | (15.9) % | | (11.6) % | | 2.9 % | | 8.3 % |
BD Interventional | | $ 1,097 | | $ 1,071 | | 2.4 % | | 5.7 % | | 2.4 % | | 5.7 % |
Total Revenues | | $ 4,761 | | $ 4,849 | | (1.8) % | | 2.3 % | | 4.2 % Werbung Mehr Nachrichten zur Becton Dickinson Aktie kostenlos abonnieren
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