Last10K.com

Becton Dickinson Co (BDX) SEC Filing 10-K Annual report for the fiscal year ending Sunday, September 30, 2018

Becton Dickinson Co

CIK: 10795 Ticker: BDX


Exhibit 99.1

1 Becton Drive
Franklin Lakes, NJ 07417
www.bd.com



bda07.jpg



Contact:
Monique N. Dolecki, Investor Relations - 201-847-5378
Kristen Cardillo, Corporate Communications - 201-847-5657



BD ANNOUNCES RESULTS FOR 2018 FOURTH FISCAL QUARTER AND FULL YEAR;
PROVIDES FISCAL 2019 GUIDANCE

As reported, full fiscal year revenues of $15.983 billion increased 32.2 percent.
On a comparable, currency-neutral basis, revenues increased 5.8 percent for the full fiscal year.
As reported, full fiscal year diluted earnings per share of $0.60 decreased 87.0 percent.
As adjusted, full fiscal year diluted earnings per share of $11.01 increased 16.1 percent, or 12.3 percent on a currency-neutral basis.
The company expects full fiscal year 2019 revenues to increase 8.5 to 9.5 percent as reported, or 5.0 to 6.0 percent on a comparable, currency-neutral basis.
As adjusted, the company expects full fiscal year 2019 diluted earnings per share to be between $12.05 and $12.15, resulting in growth of approximately 13.0 to 14.0 percent on a currency-neutral basis, which includes an adverse impact of approximately 600 basis points related to headwinds and divestitures. This represents growth of approximately 10.0 percent including the estimated unfavorable impact of foreign currency.
Fiscal 2019 earnings per share expectations include high-single digit accretion from the C. R. Bard acquisition.


Franklin Lakes, NJ (November 6, 2018) - BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today reported quarterly revenues of $4.402 billion for the fourth fiscal quarter ended September 30, 2018. This represents an increase of 39.0 percent from the prior-year period, which is primarily due to the acquisition of C. R. Bard. On a comparable, currency-neutral basis that includes the revenues of C. R. Bard in the current and prior year, fourth quarter revenues increased 8.4 percent over the prior-year period. For the full fiscal year ended September 30, 2018, revenues of $15.983 billion increased 32.2 percent from the prior-year period, primarily due to the acquisition of C. R. Bard. On a comparable, currency-neutral basis that includes the revenues of C. R. Bard in the current and prior year, full fiscal year revenues of $16.930 billion grew 5.8 percent. This includes an estimated 60 basis point adverse impact from the previously disclosed change in the U.S. dispensing business model and the estimated sales impact from Hurricane Maria in Puerto Rico on Bard's business during BD's first fiscal quarter.

“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.”


The following information was filed by Becton Dickinson Co (BDX) on Tuesday, November 6, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Becton Dickinson Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Becton Dickinson Co.

Continue

Assess how Becton Dickinson Co's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Becton Dickinson Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
Legal
M & A
Other
Filter Subcategory:
All
Expense
Product
Earnings
Income
Shares
Geography
Debt
Cash Flow
Other
Inside Becton Dickinson Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accounting Changes
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Detail)
Acquisitions - Fair Value Of Consideration Transferred (Detail)
Acquisitions - Summary Of Pro Forma Results (Detail)
Acquisitions Acquisition - Fair Value Of Company's Ordinary Shares Issued (Details)
Acquisitions Fair Value Of Assets And Liabilities Assumed (Details)
Benefit Plans
Benefit Plans (Tables)
Benefit Plans - Additional Information (Detail)
Benefit Plans - Change In Benefit Obligation, Change In Fair Value Of Plan Assets (Detail)
Benefit Plans - Changes In Fair Value Of Foreign Pension Assets Measured Using Level 3 Inputs (Detail)
Benefit Plans - Expected Benefit Payments (Detail)
Benefit Plans - Fair Value Measurements Of Foreign Plan Assets (Detail)
Benefit Plans - Fair Value Measurements Of U.S. Plan Assets (Detail)
Benefit Plans - Net Pension And Other Postretirement Cost (Detail)
Benefit Plans - Pension Plans With Accumulated Benefit Obligations (Detail)
Benefit Plans - Weighted Average Assumptions Determining Pension Plan (Detail)
Business Restructuring Charges
Business Restructuring Charges Business Restructuring Charges (Tables)
Business Restructuring Charges Business Restructuring Charges - Changes In Restructuring Balance (Detail)
Business Restructuring Charges Business Restructuring Charges - Changes In Restructuring Balance Footnote (Detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Debt - Debt Exchange (Detail)
Debt - Summary Of Interest Costs And Payments (Detail)
Debt - Summary Of Long-Term Debt (Detail)
Debt - Summary Of Short-Term Debt (Detail)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities - Additional Information (Detail)
Divestiture
Divestiture - Additional Information (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Weighted Average Common Shares Used In Computations Of Basic And Diluted Earnings Per Share (Detail)
Earnings Per Share - Weighted Average Common Shares Used In Computations Of Basic And Diluted Earnings Per Share Footnotes (Detail)
Financial Instruments And Fair Value Measurements
Financial Instruments And Fair Value Measurements - Additional Information (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Income From Continuing Operations Before Income Taxes (Detail)
Income Taxes - Deferred Income Taxes (Detail)
Income Taxes - Provision For Income Taxes From Continuing Operations (Detail)
Income Taxes - Reconciliation Of Federal Statutory Tax Rate To Company's Effective Tax Rate (Detail)
Income Taxes - Summary Of Gross Amounts Of Unrecognized Tax Benefits (Detail)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Additional Information (Detail)
Intangible Assets - Components Of Intangible Assets (Detail)
Intangible Assets - Reconciliation Of Goodwill By Business Segment (Detail)
Sale-Type Leases And Financing Receivables
Sale-Type Leases And Financing Receivables Sales-Type Leases And Financing Receivables - Additional Information (Detail)
Segment Data
Segment Data (Tables)
Segment Data - Additional Information (Detail)
Segment Data - Financial Information For Company's Segments (Detail)
Segment Data - Revenues To Unaffiliated Customers And Long-Lived Assets Including Property, Plant And Equipment (Detail)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Detail)
Share-Based Compensation - Assumptions For Estimation Of Fair Values Of Stock Appreciation Rights Granted During Reporting Periods (Detail)
Share-Based Compensation - Compensation Cost Relating To Share-Based Payments (Detail)
Share-Based Compensation - Summary Of Performance-Based Restricted Stock Units Outstanding (Detail)
Share-Based Compensation - Summary Of Performance-Based Restricted Stock Units Outstanding Footnote (Detail)
Share-Based Compensation - Summary Of Sars Outstanding (Detail)
Share-Based Compensation Fair Value Of Stock Units Vested (Details)
Share-Based Compensation Summary Of Sars Exercised (Details)
Share-Based Compensation Weighted Average Grant Date Fair Value Of Restricted Stock Units (Details)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Accumulated Other Comprehensive (Loss) Income (Detail)
Shareholders' Equity - Additional Information (Detail)
Shareholders' Equity - Changes In Certain Components Of Shareholders' Equity (Detail Ii)
Shareholders' Equity - Changes In Certain Components Of Shareholders' Equity (Detail)
Shareholders' Equity - Other Comprehensive Income (Loss), Tax (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Supplemental Financial Information
Supplemental Financial Information (Tables)
Supplemental Financial Information - Additional Information (Detail)
Supplemental Financial Information - Inventories (Detail)
Supplemental Financial Information - Other Income (Expense), Net (Detail)
Supplemental Financial Information - Property, Plant And Equipment, Net (Detail)
Supplemental Financial Information - Trade Receivables, Allowances For Doubtful Accounts And Cash Discounts (Detail)
Supplementary Data (Unaudited)
Supplementary Data (Unaudited) (Tables)
Supplementary Data (Unaudited) - Additional Information (Detail)
Ticker: BDX
CIK: 10795
Form Type: 10-K Annual Report
Accession Number: 0000010795-18-000036
Submitted to the SEC: Wed Nov 21 2018 10:34:32 AM EST
Accepted by the SEC: Wed Nov 21 2018
Period: Sunday, September 30, 2018
Industry: Surgical And Medical Instruments And Apparatus

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/bdx/0000010795-18-000036.htm