Summary
Becton, Dickinson and Company (BDX) filed an 8-K on February 3, 2022, to announce its financial results for the first fiscal quarter ended December 31, 2021. The report highlights the company's use of non-GAAP financial measures to provide a clearer view of its operational performance, excluding the impact of foreign currency fluctuations and certain non-ordinary course items. These non-GAAP measures, including currency-neutral revenue growth and adjusted diluted earnings per share (EPS), are presented to enhance investor understanding of the underlying business trends and facilitate period-over-period comparisons. The company emphasizes that while these adjusted metrics are valuable for assessing operational performance and future prospects, they should be considered alongside reported GAAP results, as excluded items can materially impact net income and EPS.
Key Highlights
- 1BDX reported financial results for its first fiscal quarter ending December 31, 2021.
- 2The company is utilizing non-GAAP financial measures, including currency-neutral revenue growth and adjusted diluted EPS.
- 3These non-GAAP measures aim to provide a better understanding of underlying operational performance by excluding foreign currency effects and other non-recurring items.
- 4Adjusted EPS excludes items such as purchase accounting adjustments, integration and restructuring costs, and certain transaction/legal costs.
- 5BDX is also providing its estimated revenue and adjusted EPS growth for fiscal year 2022, adjusted for anticipated foreign currency translation.
- 6The company encourages investors to review both GAAP and non-GAAP results for a comprehensive understanding.
- 7The press release containing these financial results and further details on non-GAAP adjustments is furnished as Exhibit 99.1.