other material
confidence high
sentiment positive
materiality 0.90
BD beats Q1 estimates, announces plan to separate Biosciences and Diagnostic Solutions
BECTON DICKINSON & CO
- Q1 revenue $5.2B (+9.8% reported, +3.9% organic); adj. EPS $3.43 (+28.0% YoY); GAAP EPS $1.04.
- Company raised FY25 adjusted diluted EPS guidance at midpoint; completed $750M share repurchase.
- BD board authorized separation of Biosciences and Diagnostic Solutions; target completion in fiscal 2026.
- New BD (post-separation) expected FY24 revenue ~$17.8B; separated business ~$3.4B with ~30% adj. EBITDA margins.
- Investor Day (Feb 26, 2025) postponed; company to provide update closer to separation.