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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 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