8-KEarnings & ResultsExhibits & Filings

BECTON DICKINSON & CO 8-K Report, Financial Results (Jan 26, 2005)

Filed January 26, 2005For Securities:BDX

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally report Becton, Dickinson and Company's (BDX) financial results for the first fiscal quarter of 2005 and to furnish the press release announcing these results.

BDX is providing revenue growth rates at constant foreign exchange rates. Additionally, earnings per share and other financial measures are presented after excluding the impact of significant charges, unusual or non-recurring items, share-based compensation expense, and changes in tax laws or regulations.

BDX uses non-GAAP financial measures because management believes they allow investors to more easily compare the company's financial performance to prior periods and to understand the underlying operating results without the impact of factors such as currency fluctuations, non-cash expenses, or one-time charges.

No, investors should consider these non-GAAP measures in addition to, but not as a substitute for, or superior to, the financial performance measures prepared in accordance with U.S. generally accepted accounting principles (GAAP).