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Becton, Dickinson and Company (BD) (NYSE: BDX) is a global medical technology firm committed to advancing healthcare through the development, manufacture, and sale of a broad range of medical supplies, devices, laboratory equipment, and diagnostic products. Established in 1897, BD's mission is to enhance medical discovery, diagnostics, and care delivery. The company's extensive product portfolio serves healthcare institutions, physicians, life science researchers, and others across the globe.
BD is noted for being the world’s largest manufacturer and distributor of medical surgical products such as needles, syringes, and sharps-disposal units. The company also excels in producing pre-filled devices, diagnostic instruments, and reagents. Furthermore, BD offers sophisticated flow cytometry and cell-imaging systems. BD Medical represents nearly half of the company's total business, while BD Life Sciences and BD Interventional contribute 27% and 24% of the 2023 revenue, respectively. Impressively, international revenue accounts for 43% of the company's business.
Recent achievements and projects underscore BD's commitment to innovation and sustainability. The company recently collaborated with health care institutions in Denmark to explore recycling used blood collection tubes, achieving significant environmental advancements without compromising safety or quality.
In a pivotal development, BD announced the global commercial release of new cell sorters, enabling researchers in fields such as cell biology, cancer research, and immunology to gain new insights. The BD FACSDiscover™ S8 Cell Sorters incorporate groundbreaking technologies like BD CellView™ Image Technology and BD SpectralFX™ Technology, significantly enhancing real-time imaging and spectral flow cytometry.
BD also reported robust financial performance for the second quarter of fiscal 2024, highlighting strong operating margins and cash flow. This success led to an optimistic outlook and an increased earnings guidance, demonstrating the company’s resilience and strategic execution.
Further solidifying its market position, BD is set to acquire Edwards Lifesciences' Critical Care product group for $4.2 billion. This acquisition expands BD’s portfolio in smart connected care solutions, leveraging advanced AI algorithms for better patient outcomes and adding significant value to its operations.
With a presence in almost every country and a workforce of over 70,000 employees, BD remains dedicated to advancing the world of health. The company works closely with customers and partners globally to address complex health challenges, enhance clinical outcomes, and expand access to healthcare.
BD (Becton, Dickinson and Company) (NYSE: BDX) will present virtually at the Evercore ISI 5th Annual HealthCONx Conference on November 29, 2022, at 8:00 am Eastern Time. The presentation will be accessible via BD's investor relations website, with a replay available post-event.
BD is a leading global medical technology firm focused on enhancing health through innovative technologies and solutions. With a workforce of 77,000, BD partners globally to tackle health challenges and improve care delivery.
BD (Becton, Dickinson and Company) reported Q4 revenue of $4.8 billion, down 1.8% year-over-year, but up 2.3% on a currency-neutral basis. For FY22, revenue was $18.9 billion, also decreasing by 1.4%. Q4 GAAP diluted EPS rose 100% to $0.92, while adjusted EPS increased 27.9% to $2.75. The company maintains a robust outlook, projecting FY23 revenue between $18.6 billion and $18.8 billion with adjusted diluted EPS expected to be $11.85 to $12.10. BD also marked its 51st consecutive year of dividend increases, raising it by 4.6%. The company continues to execute on its BD 2025 strategy.
The Board of Directors of BD (Becton, Dickinson and Company) has declared a quarterly dividend of $0.91 per share, marking a 4.6% increase from the prior quarter. This dividend will be paid on Dec. 30, 2022, to those on record by Dec. 9, 2022. For the fiscal year 2023, the projected annual dividend rate is $3.64 per share. This represents the 51st consecutive year of dividend increases, reaffirming BD’s status as a component of the S&P 500 Dividend Aristocrats Index.
BD (Becton, Dickinson and Company) (NYSE: BDX) has entered a co-exclusive commercial agreement with Magnolia Medical Technologies to reduce blood culture contamination in U.S. hospitals. The collaboration will promote Magnolia Medical's Steripath® Initial Specimen Diversion Device®, which is FDA-cleared to enhance testing accuracy for sepsis. This device meets the new 1% blood culture contamination guideline set by the CDC. Clinical studies support its effectiveness, with many hospitals adopting it to improve patient outcomes and reduce healthcare costs associated with contamination.
BD (NYSE: BDX) has entered into a collaboration with Biocorp to enhance self-administered drug therapies through connected technology. The partnership aims to integrate Biocorp's Injay® technology with BD's UltraSafe Plus™ Passive Needle Guard, allowing biopharmaceutical manufacturers to capture and transmit injection data. This innovation is expected to improve patient adherence to injectable drugs. The connected drug delivery market is projected to grow significantly as digital technologies and self-administered therapies become more prevalent.
BD (Becton, Dickinson and Company) will announce its fiscal 2022 fourth quarter and full year financial results on November 10, 2022, at approximately 6:30 a.m. ET. The announcement will provide summarized financial information for the quarter and full year ending on September 30, 2022.
An audio webcast will follow at 8 a.m. ET on the same day to discuss the results and company operations. Investors can access the release and the webcast on BD's investor relations website.
BD (Becton, Dickinson and Company) has announced a grant of $360,000 to six U.S. free clinics as part of its Point-of-Care, Enhancing Clinical Effectiveness initiative. This program, established in 2017, has supported 27 clinics across 20 states with a total of $2.6 million. The initiative aims to improve health outcomes in underserved communities by providing diagnostic testing capabilities for common health issues, impacting over 16,500 patient visits this year. Collaborating partners include Heart to Heart International and the National Association of Free and Charitable Clinics.
BD (Becton, Dickinson and Company) has launched the BD® Research Cloud, a cloud-based software designed to enhance flow cytometry workflows. This integrated ecosystem aids scientists in optimizing panel design, collaboration, and data analysis across various research fields like immunology and oncology. Developed by the creators of FlowJo™ Software, it streamlines the workflow by connecting instruments to data analysis, enabling more efficient experiments and faster insights. The platform is built on a reliable cloud infrastructure and aims to support future advancements in flow cytometry research.
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