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Dec 31, 2023
BD Q1 2024 Earnings Report
BD's Q1 2024 financial results were released, showcasing margin execution that drove better performance and led to higher guidance for fiscal year 2024.
Key Takeaways
BD reported Q1 revenue of $4.7 billion, a 2.6% increase as reported and a 2.4% organic increase. GAAP EPS was $0.96 and adjusted EPS was $2.68. The company raised its full-year adjusted EPS guidance and midpoint of organic revenue growth guidance.
Q1 revenue increased by 2.6% to $4.7 billion.
GAAP EPS was $0.96, while adjusted EPS reached $2.68.
The company's strong execution of the BD 2025 strategy drove margin performance and cash flow ahead of expectations.
Full-year adjusted EPS guidance was raised, along with the midpoint of organic revenue growth guidance.
Revenue by Geographic Location
Forward Guidance
The company expects fiscal year 2024 revenues to be in the range of approximately $20.2 billion to $20.4 billion. Organic revenue growth is now expected to be 5.5% to 6.25%. The company now expects fiscal year 2024 adjusted diluted EPS to be $12.82 to $13.06.
Positive Outlook
- Fiscal year 2024 revenues are expected to be in the range of approximately $20.2 billion to $20.4 billion.
- Organic revenue growth is now expected to be 5.5% to 6.25%.
- Total currency-neutral revenue growth is now expected to be 4.75% to 5.5%.
- Fiscal year 2024 adjusted diluted EPS is expected to be $12.82 to $13.06.
- Adjusted earnings per share guidance reflects growth of approximately 5% to 7%.
Challenges Ahead
- Total currency-neutral revenue growth continues to reflect a negative impact of approximately 75 basis points from the impact of the Surgical Instrumentation platform divestiture.
- Foreign exchange represents a reduction of approximately 25 basis points to total company revenue growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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