8-KEarnings & ResultsExhibits & Filings

BECTON DICKINSON & CO 8-K Report, Financial Results (Feb 5, 2015)

Filed February 5, 2015For Securities:BDX

Summary

Becton, Dickinson and Company (BD) filed an 8-K on February 5, 2015, to report its financial results for the first fiscal quarter ending December 31, 2014. The filing primarily serves to furnish a press release detailing these results. Notably, BD continues to present certain non-GAAP financial measures to provide investors with a clearer understanding of its underlying operational performance, facilitating comparisons across periods. These adjusted measures exclude items such as foreign currency translation effects, financing, transaction and integration costs related to the pending CareFusion acquisition, amortization of acquisition-related intangible assets, and legal settlement charges. Investors should pay close attention to the company's provided non-GAAP earnings per share (EPS) and revenue growth rates, as BD's management utilizes these metrics for performance evaluation, budgeting, and comparisons with peers. The press release also includes fiscal year 2015 EPS guidance, which is also presented on an adjusted basis. While these non-GAAP measures offer additional insight, the company emphasizes that they should be considered alongside, and not as a substitute for, GAAP results, acknowledging that excluded items can materially impact reported net income and EPS.

Key Highlights

  • 1BD reported its financial results for the first fiscal quarter ended December 31, 2014.
  • 2The company furnished a press release detailing the Q1 2015 financial results as Exhibit 99.1.
  • 3BD continued to present non-GAAP financial measures, including revenue growth rates and earnings per share (EPS), to show underlying performance.
  • 4Adjusted EPS and revenue growth rates exclude factors like foreign currency translation, acquisition-related costs (pending CareFusion acquisition), amortization, and legal charges.
  • 5The company provided fiscal year 2015 EPS guidance, also on an adjusted non-GAAP basis.
  • 6Management uses these non-GAAP measures for performance evaluation, budget planning, and peer comparisons.
  • 7BD cautions that non-GAAP results are supplemental and should be considered in conjunction with GAAP results.

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