Summary
Becton, Dickinson and Company (BDX) filed an 8-K on January 26, 2005, to report its first fiscal quarter 2005 financial results. The filing primarily serves to furnish a press release detailing these results, which is attached as an exhibit. Investors should note that the press release includes non-GAAP financial measures that management uses for internal evaluation. These non-GAAP measures are presented to provide additional insight into the company's performance by excluding the impact of foreign currency fluctuations, significant charges, unusual or non-recurring items, share-based compensation expense, and changes in tax laws or regulations.
Key Highlights
- 1BDX announced its financial results for the first fiscal quarter of fiscal year 2005 via an 8-K filing.
- 2The filing includes a press release containing these financial results, furnished as Exhibit 99.1.
- 3The company utilized non-GAAP financial measures in its reporting, which exclude certain items for clarity.
- 4Non-GAAP measures presented include revenue growth rates at constant foreign exchange rates.
- 5Earnings per share and other financial measures are presented excluding significant charges, unusual/non-recurring items, share-based compensation, and certain tax-related impacts.
- 6BDX believes these non-GAAP measures facilitate comparison to prior periods and understanding of underlying operating results.
- 7Investors are advised to consider these non-GAAP measures in addition to, not as a substitute for, GAAP measures.