Summary
Becton, Dickinson and Company (BDX) filed an 8-K on February 5, 2013, to report its financial results for the first fiscal quarter ending December 31, 2012. The filing primarily serves to furnish the press release detailing these results. Investors should note that BD utilizes non-GAAP measures, specifically highlighting revenue and earnings per share (EPS) growth after excluding the impact of foreign currency translation. This approach is intended to provide a clearer understanding of the company's underlying operational performance and facilitate period-over-period comparisons. Furthermore, the company provided its estimated EPS guidance for fiscal year 2013, which also excludes the anticipated effects of foreign currency translation and the newly enacted U.S. medical device excise tax. BD also adjusted its fiscal year 2012 EPS for comparison purposes by excluding a pension settlement charge from the prior year's fourth quarter, which management does not consider part of ordinary operations. These adjustments aim to present a more comparable and insightful view of the company's financial trajectory to investors.
Key Highlights
- 1BDX announced its first fiscal quarter 2013 financial results ending December 31, 2012, via an 8-K filing.
- 2The company presented revenue and EPS growth rates excluding the impact of foreign currency translation to better reflect underlying operational performance.
- 3BDX provided fiscal year 2013 EPS guidance, also adjusted for foreign currency translation.
- 4The fiscal year 2013 EPS guidance excludes the estimated impact of the U.S. medical device excise tax, which became effective during the year.
- 5For comparative purposes, fiscal year 2012 EPS was adjusted to exclude a pension settlement charge from Q4 FY12, which is not considered part of ordinary operations.
- 6The filing primarily consists of furnishing a press release (Exhibit 99.1) detailing these financial results and disclosures.