Becton, Dickinson Earns $2.93 per Share

This morning, Becton, Dickinson (BDX) reported fiscal Q4 earnings of $2.93 per share. That matched Wall Street’s estimates. It was also a nice increase from $2.40 per share one year ago. This was a big year for BDX because it was the first year they’ve operated after absorbing CR Bard. For the year, Becton made $11.01 per share. Adjusting for the acquisition, revenues were 5.8% for the fiscal year.

“Fiscal 2018 was a historic year for BD with the successful completion of the acquisition of C. R. Bard. We are extremely proud of our strong fourth quarter and fiscal year results, which demonstrate how agile we can be as an organization while executing concurrently on two transformative acquisitions,” said Vincent A. Forlenza, Chairman and CEO. “We enter fiscal 2019 with continued strong momentum and confidence in our ability to execute on our strategy, deliver on our commitments and create value for our shareholders.”

In fiscal 2017, Becton made $9.48 per share. Last November, the company originally pegged EPS for fiscal 2018 at $10.55 to $10.65. In February, they bumped the range up to $10.85 – $11 per share. In May, they raised the range again to $10.90 – $11.05 per share. Then in August, it went to $10.95 – $11.05 per share. Ultimately, they made $11.01 per share.

For the current fiscal year, BDX expects earnings between $12.05 and $12.15 per share. They’re looking for adjusted revenue to rise by 5% to 6%.

Posted by on November 6th, 2018 at 7:37 am


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