November 9, 2023 10:39 AM | 1 min read
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Becton, Dickinson, and Company (NYSE:BDX) posted Q4 adjusted EPS of $3.42, slightly missing the consensus of $3.43.
BD reported sales of $5.09 billion, up 6.8% Y/Y (+5.9 on constant currency), slightly beating the consensus of $5.02 billion.
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Q4 revenue from base business (which excludes COVID-only diagnostic testing) grew 7.3% as reported, 6.3% currency-neutral or 7.0% organic.
The company’s medical segment reported 7.5% growth to $2.56 billion, and its interventional business grew by 9.7% to $1.2 billion. Life sciences revenue grew 3.3% to $1.33 billion.
Dividend: BD’s board declared a quarterly dividend of $0.95 per common share, an increase of 4.4% from the previous quarter. The dividend will be payable on December 29, 2023, to holders of record on December 8, 2023.
Guidance: BD expects FY24 revenues of approximately $20.1 billion-$20.3 billion versus the consensus of $20.36 billion.
The guidance includes organic revenue growth of 5.25%-6.25%, including a headwind of over 25 basis points from the expected decline in COVID-only diagnostic testing.
It issued an adjusted diluted EPS guidance of $12.70-$13.00 versus the consensus of $13.51.
Price Action: BDX shares are down 8.24% at $234.83 on the last check Thursday.
“Finish 2023 Strong With 3 Hot Stock Ideas – Practically Free”
Ready for your shot at the next potential 32%, 39% or 45% gains in today’s uncertain market? Go here now because you’re about to miss Stock Expert Gianni Di Poce’s 3 latest stock ideas… Ones that could shift your entire wealth-building journey with just the click of a button. If you’re ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.
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Read More: Why Is Medical Device Giant Becton, Dickinson (BDX) Stock Trading Lower Today? –