What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to announce Becton, Dickinson and Company's (BDX) financial results for its second fiscal quarter ended March 31, 2011, by furnishing a press release that contains these details.

What are the key non-GAAP measures BDX is reporting?

BDX is reporting non-GAAP revenue growth rates that exclude the impact of foreign currency translation and adjusted Earnings Per Share (EPS) that excludes non-cash charges related to healthcare reform impacting Medicare Part D reimbursements.

Why is BDX using non-GAAP financial measures?

BDX is using non-GAAP measures to provide investors with additional insight into the company's underlying operational performance, to facilitate comparisons to prior periods, and to better assess EPS guidance. Management uses these measures to evaluate performance and for budget planning.

How should investors interpret these non-GAAP results?

Investors should consider these non-GAAP results as supplemental information alongside the official GAAP results. While they offer a view of underlying performance by excluding certain items, these excluded items can still materially impact net income and EPS. It's important to understand the nature of the adjustments and their potential impact.

BDX 8-K: Earnings & Results

Summary

Becton, Dickinson and Company (BDX) filed an 8-K on April 26, 2011, to report its second fiscal quarter financial results ending March 31, 2011. The filing primarily furnishes a press release detailing these results, including the use of non-GAAP financial measures. Investors should note that BD is providing adjusted figures for revenue and earnings per share (EPS) to offer a clearer view of underlying operational performance by excluding the impact of foreign currency translation and specific one-time charges like those related to healthcare reform. The company believes these non-GAAP measures enhance comparability across periods and provide better insight into management's evaluation of BD's performance, budgeting, and EPS guidance. While these adjusted metrics are presented to supplement GAAP results, investors are cautioned to consider them alongside the official GAAP figures, as the excluded items can have a material impact on reported net income and EPS.

Key Highlights

1BDX announced financial results for its second fiscal quarter ended March 31, 2011.
2The company is utilizing non-GAAP financial measures in its reporting for this quarter.
3Non-GAAP revenue growth rates are presented excluding the impact of foreign currency translation.
4Adjusted EPS figures exclude non-cash charges related to healthcare reform (Medicare Part D reimbursements).
5BD management uses these non-GAAP measures to assess performance, compare to prior periods, and for budget planning.
6The press release, included as an exhibit, provides further details on these financial results and the non-GAAP adjustments.

BECTON DICKINSON & CO 8-K Report, Financial Results (Apr 26, 2011)

Summary

Key Highlights

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