Summary
Becton Dickinson & Co. (BDX) filed an 8-K on January 24, 2008, to report financial results and provide insights into their performance using non-GAAP measures. The company is presenting revenue growth rates at constant foreign exchange rates to help investors understand underlying performance without currency fluctuations. Additionally, BDX is highlighting operating income, effective tax rate, income from continuing operations, and earnings per share, adjusted to exclude the impact of significant one-time charges related to acquisitions, specifically the in-process R&D charges from TriPath Imaging, Inc. and Plasso Technology, Ltd. These adjustments are intended to offer a clearer view of the company's core operational performance and facilitate better period-to-period comparisons for investors.
Key Highlights
- 1BDX is reporting financial results using non-GAAP measures for enhanced investor clarity.
- 2Revenue growth rates are presented at constant foreign exchange rates to isolate operational performance from currency impacts.
- 3Operating income, income from continuing operations, and earnings per share are adjusted to exclude one-time in-process R&D charges from acquisitions (TriPath Imaging and Plasso Technology).
- 4The company believes these non-GAAP adjustments provide a more indicative view of underlying business performance and improve comparability.
- 5Management uses these non-GAAP measures for internal evaluation, budget planning, and believe they offer additional insight into financial results.
- 6Investors are advised to consider these non-GAAP measures in conjunction with GAAP results, as excluded items can still have a material impact.
- 7The press release containing these results was furnished as Exhibit 99.1 to the 8-K filing.