Free Research Report as Becton, Dickinson and Co.'s Revenues Surged 42.2%; Adjusted Earnings Soared 15.2%

Stock Monitor: Cantel Medical Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 5, 2018 / If you want access to our free earnings report on Becton, Dickinson and Co. (NYSE: BDX) ("BD"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BDX. The Company reported its financial results on May 03, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18). The global medical technology Company surpassed market estimates for revenues and earnings for Q2 FY18. In addition, the Company also raised its guidance for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Becton, Dickinson most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the second quarter of the fiscal year 2018, BD's revenues advanced 42.2% to $4.22 billion compared to $2.97 billion in the second quarter of the fiscal year 2017, primarily due to the acquisition of C. R. Bard. The Company's revenue numbers topped analysts' estimates of $4.12 billion.

For the reported quarter, BD incurred total operating costs and expenses of $4.04 billion versus $2.52 billion in the year ago comparable period. The Company's total costs included selling and administrative (S&A) expenses of $2.62 billion, and research and development (R&D) expenses of $1.06 billion in Q2 FY18 compared to $1.54 billion and $724.0 million, respectively, in Q2 FY17. The Company's operating income declined to $183.0 million in the reported quarter compared to $446.0 million in the year ago corresponding period.

BD reported a net loss of $50.0 million in Q2 FY18 compared to a net income of $344.0 million in Q2 FY17, decreasing 114.5% on a y-o-y basis. For the reported quarter, the Company incurred a loss of $0.19 per share compared to an income of $1.58 per share in the year ago same period, primarily due to purchase accounting expenses related to acquisitions. The Company's adjusted earnings per share (EPS) advanced 15.2% to $2.65 in Q2 FY18 compared to $2.30 in Q2 FY17, beating market projections of $2.61.

Segment Details

BD operates through three principal business segments, namely (i) BD Medical ("Medical"); (ii) BD Life Sciences ("Life Sciences"); and (iii) BD Interventional ("Interventional").

During Q2 FY18, BD's Medical segment generated total revenues of $2.17 billion compared to $1.82 billion in Q2 FY17, increasing 19.7% on a y-o-y basis. The segment's positive results were driven by a favorable performance in its Medication Delivery Solutions, Diabetes Care, and Pharmaceutical Systems units. The segment's operating income increased to $588.0 million in the reported quarter versus $475.0 million in the prior year's comparable period.

For the reported quarter, BD's Life Sciences segment's total revenues improved 11.8% to $1.10 billion compared to $982.0 million in in prior year's corresponding quarter, driven by a strong performance in its Diagnostic Systems and Biosciences units. The segment aggregated an operating income of $336.0 million in Q2 FY18 compared to $177.0 million in Q2 FY17.

BD's Interventional segment added total revenues of $952.0 million in Q2 FY18 compared to $173.0 million in Q2 FY17. The segment incurred a net operating loss of $154.0 million in the reported quarter compared to a net income of $61.0 million in the same period of the prior fiscal year.

For the reported quarter, BD's revenues from the United States grew by 42.9% to $2.33 billion versus $1.63 billion in the year ago comparable period. During Q2 FY18, the Company's revenues from the International market increased 41.4% to $1.90 billion compared to $1.34 billion in Q2 FY17.

Cash Matters

As of March 31, 2018, BD's cash and cash equivalents were $1.25 billion compared to $14.18 billion as of September 30, 2017. The Company had a long-term debt of $22.59 billion as of March 31, 2018, versus $18.67 billion as of September 30, 2017.

Outlook

For FY18, BD expects revenue growth to be in range of 5.0% to 5.5%, which is the high-end of its previous guidance range. The Company anticipates adjusted EPS to be in the band of $10.85 to $11.00, reflecting an improvement of approximately 15.0% to 16.0%.

Stock Performance Snapshot

June 04, 2018 - At Monday's closing bell, Becton, Dickinson's stock climbed 1.51%, ending the trading session at $228.33.

Volume traded for the day: 895.73 thousand shares.

Stock performance in the last month - up 0.53%; previous three-month period - up 5.09%; past twelve-month period - up 18.27%; and year-to-date - up 6.67%

After yesterday's close, Becton, Dickinson's market cap was at $61.04 billion.

Price to Earnings (P/E) ratio was at 314.07.

The stock has a dividend yield of 1.31%.

The stock is part of the Healthcare sector, categorized under the Medical Instruments & Supplies industry. This sector was up 0.3% at the end of the session.

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