Summary
Becton, Dickinson and Company (BDX) filed an 8-K on January 28, 2009, to announce its financial results for the fiscal quarter ending December 31, 2008. The report primarily furnishes a press release detailing these results and highlights the use of non-GAAP financial measures, specifically revenue growth rates at constant foreign exchange rates. Management utilizes these non-GAAP metrics to provide a clearer view of underlying business performance, excluding the impact of currency fluctuations, and for internal evaluation and planning purposes. Investors should note that while these constant currency measures offer additional insight into BD's operational performance and facilitate historical comparisons, they are supplementary to GAAP results. The company emphasizes that these non-GAAP figures should not be considered in isolation and may differ from similar measures used by other companies. Investors are advised to review these non-GAAP results in conjunction with their GAAP counterparts to gain a comprehensive understanding of BDX's financial condition.
Key Highlights
- 1BDX announced financial results for the fiscal quarter ending December 31, 2008, via an 8-K filing on January 28, 2009.
- 2The filing includes a press release (Exhibit 99.1) containing the detailed financial results.
- 3Becton Dickinson is presenting revenue growth rates at constant foreign exchange rates, a non-GAAP measure.
- 4This non-GAAP measure aims to remove the impact of currency fluctuations for better comparison to prior periods and operational assessment.
- 5Management uses these constant currency metrics for internal performance evaluation and budget planning.
- 6The company provides these non-GAAP measures supplementally to offer additional insight into financial results.
- 7Investors are cautioned that non-GAAP results are not a substitute for GAAP and may differ from other companies' measures.