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Dec 31, 2024

BD Q1 2025 Earnings Report

Delivered revenue, margin, and earnings ahead of expectations.

Key Takeaways

BD reported a strong operational performance in Q1 2025, with revenue growth, margin expansion, and earnings per share exceeding expectations. The company's revenue reached $5.2 billion, a 9.8% increase as reported and a 3.9% increase organically. Adjusted diluted EPS grew by 28.0% to $3.43. BD has also increased its FY25 adjusted diluted EPS guidance at the midpoint, while absorbing translational currency impacts.

Revenue of $5.2 billion increased 9.8% as reported, 9.6% currency-neutral and 3.9% organic.

GAAP and adjusted diluted EPS of $1.04 and $3.43 grew 8.3% and 28.0%, respectively.

BD completes $750 million share repurchase to date in FY25.

Company increases FY25 adjusted diluted EPS guidance at the midpoint while absorbing translational currency.

Total Revenue
$5.17B
Previous year: $4.71B
+9.8%
EPS
$3.43
Previous year: $2.68
+28.0%
Gross Profit
$2.24B
Previous year: $2.03B
+10.3%
Cash and Equivalents
$711M
Previous year: $1.18B
-39.7%
Free Cash Flow
$588M
Previous year: $725M
-18.9%
Total Assets
$54.7B
Previous year: $52.3B
+4.6%

BD

BD

BD Revenue by Segment

BD Revenue by Geographic Location

Forward Guidance

BD updated its fiscal 2025 guidance to reflect strong operational performance in its fiscal first quarter and confidence in its full-year outlook. The company increased its Adjusted Diluted EPS guidance to a range of $14.30 to $14.60, which reflects growth of 10% at the midpoint.

Positive Outlook

  • GAAP Revenues ~$21.7 to $21.9 billion
  • GAAP Revenue Growth 7.9% to 8.4%
  • Adjusted Revenue Growth (FXN) 8.8% to 9.3%
  • Organic Revenue Growth (FXN) 4.0% to 4.5%
  • Adjusted Diluted EPS $14.30 to $14.60

Revenue & Expenses

Visualization of income flow from segment revenue to net income