Summary
Becton, Dickinson and Company (BDX) filed an 8-K on January 12, 2021, to announce preliminary unaudited revenue results for its first fiscal quarter ending December 31, 2020. The company provided revenue growth figures on a currency-neutral basis, which is a non-GAAP measure intended to provide investors with a clearer understanding of underlying business performance by excluding the impact of foreign currency fluctuations. This metric is used by management for performance evaluation and budget planning, and is presented alongside GAAP results to offer a more comprehensive view of the company's financial condition. While the 8-K itself does not contain the specific revenue numbers, it references a press release (Exhibit 99.1) that details these preliminary results. Investors should note that non-GAAP measures, while useful, should be considered supplemental and not a substitute for GAAP financial reporting. The information furnished in this report is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act.
Key Highlights
- 1BDX announced preliminary unaudited revenue for the fiscal first quarter ending December 31, 2020.
- 2The company provided preliminary revenue growth on a currency-neutral basis, a non-GAAP financial measure.
- 3This non-GAAP measure excludes the impact of foreign currency translation to better reflect underlying business performance.
- 4Management uses currency-neutral revenue growth for performance evaluation and budgeting.
- 5The non-GAAP measure is provided to investors as supplemental information alongside GAAP results.
- 6The press release detailing these preliminary results is furnished as Exhibit 99.1 to the 8-K.
- 7The information furnished is not considered 'filed' for certain legal purposes.