BD beats with Q3 revenue $4.9B (+26.9% YoY), raises FY2021 guidance; CFO to retire

BECTON DICKINSON & CO

2021-Q3 EPS reported $6.00 revenue$15,113,000,000

Q3 revenue $4.9B, up 26.9% reported / 22.0% currency-neutral; GAAP EPS $1.72, adjusted EPS $2.74 (+24.5% YoY).
Raised FY2021 guidance: reported rev growth 16.5-17.0% (prior 12-14%), currency-neutral ~14.0%, adjusted EPS $12.85-$12.95 (prior $12.75-$12.85).
COVID-19 testing revenue $300M; repurchased 4.1M shares for $1.0B at avg $242/share.
CFO Christopher Reidy (EVP, CFO, CAO) intends to retire; will remain until external successor found; will join board of planned Diabetes Care spinoff (NewCo) expected H1 2022.

item 2.02 item 5.02 item 7.01 item 9.01

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Departed

Christopher R. Reidy

Executive Vice President, Chief Financial Officer and Chief Administrative Officer

BDX · BECTON DICKINSON & CO

Filed: August 5, 2021, 7:59 PM ET

On August 2, 2021, Christopher R. Reidy, Executive Vice President, Chief Financial Officer (“CFO”) and Chief Administrative Officer of BD informed BD of his intention to retire.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher R. Reidy departed as Executive Vice President, Chief Financial Officer and Chief Administrative Officer at BECTON DICKINSON & CO.

Action: announced retirement
Role: Executive Vice President, Chief Financial Officer and Chief Administrative Officer

Exact text from the filing

On August 2, 2021, Christopher R. Reidy, Executive Vice President, Chief Financial Officer (“CFO”) and Chief Administrative Officer of BD informed BD of his intention to retire.

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BECTON DICKINSON & CO filing history →

Source: SEC EDGAR

accession 0000010795-21-000054

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