Full Press Release Details
FRANKLIN LAKES, N.J. , May 1, 2012 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX ), a leading global medical technology company, today reported quarterly revenues of $1.991 billion for the second fiscal quarter ended March 31, 2012 , representing an increase of 3.6 percent from the prior-year period, or 4.6 percent on a foreign currency-neutral basis.
"We are very pleased with our second quarter results. We posted solid revenue growth led by our BD Medical and BD Diagnostics segments, despite continuing challenges in the U.S. in our BD Biosciences segment," said Vincent A. Forlenza , Chief Executive Officer and President. "We remain committed to our strategy of investing and innovating for growth, both organically and through acquisitions such as KIESTRA Lab Automation."
Agreement to Sell Discovery Labware Unit, Excluding Advanced Bioprocessing
In April 2012 , the Company signed a definitive agreement to sell its BD Biosciences - Discovery Labware unit, excluding its Advanced Bioprocessing platform. The transaction is expected to be completed by the end of calendar year 2012, subject to the satisfaction of customary closing conditions, including consultations and regulatory approvals. For the full fiscal year 2012, revenues and earnings per share associated with this asset group are estimated at $235 million and $0.23 to $0.27 , respectively. The Company expects to record a gain on the sale at the time the transaction is completed.
Second Quarter and Six-Month Fiscal 2012 Operating Results
As expected, reported diluted earnings per share from continuing operations for the second quarter were $1.38 , or flat compared with the prior-year period. On a foreign currency-neutral basis, diluted earnings per share from continuing operations for the second quarter increased by 2.9 percent.
For the six-month period ending March 31, 2012 , reported diluted earnings per share from continuing operations were $2.59 , compared with $2.72 in the prior-year period. This represents a decrease of 4.8 percent, or 3.3 percent on a currency-neutral basis.
Segment Results
In the BD Medical segment, worldwide revenues for the quarter were $1.021 billion , representing an increase of 4.1 percent compared with the prior-year period, or 5.3 percent on a currency-neutral basis. The segment's revenue growth reflected strong sales in the Pharmaceutical Systems and Diabetes Care units and solid sales in the Medical Surgical Systems unit. For the six-month period ended March 31, 2012 , BD Medical revenues increased 3.3 percent, or 4.0 percent on a currency-neutral basis.
In the BD Diagnostics segment, worldwide revenues for the quarter were $630 million , representing an increase of 4.1 percent compared with the prior-year period, or 5.0 percent on a foreign currency-neutral basis. The segment's growth was primarily driven by strong sales in the Preanalytical Systems unit and solid growth in Women's Health and Cancer. For the six-month period ended March 31, 2012 , BD Diagnostics revenues increased 3.6 percent, or 4.1 percent on a currency-neutral basis.
In the BD Biosciences segment, worldwide revenues for the quarter were $340 million , representing an increase of 1.3 percent compared with the prior-year period, or 1.7 percent on a foreign currency-neutral basis. Segment growth was primarily driven by clinical reagent sales in the Cell Analysis unit and strong emerging market sales as overall segment growth continues to be negatively affected by weakness in the U.S. research market. For the six-month period ended March 31, 2012 , BD Biosciences revenues increased 1.1 percent, or 1.0 percent on a currency-neutral basis.
Geographic Results
Second quarter revenues in the U.S. were $848 million , representing an increase of 2.2 percent compared with the prior-year period. Revenues outside of the U.S. were $1.143 billion , representing an increase of 4.6 percent compared with the prior-year period, or an increase of 6.3 percent on a foreign currency-neutral basis. International revenues reflected continued strength in emerging markets and strong sales of safety-engineered products. For the six-month period ended March 31, 2012 , revenues in the U.S. were $1.676 billion , representing an increase of 1.1 percent compared with the prior-year period. Revenues outside of the U.S. were $2.202 billion , representing an increase of 4.5 percent when compared with the prior-year period, or 5.4 percent on a foreign currency-neutral basis.
Fiscal 2012 Outlook for Full Year
The Company is raising its previous guidance for reported revenue growth for the full fiscal year 2012 from about flat to be between 1 to 2 percent. This reflects the anticipated effects of favorable currency translation. On a currency-neutral basis, the Company is raising the lower end of its previous revenue growth guidance of 2 to 4 percent, to 3 to 4 percent. The Company is raising reported diluted earnings per share from continuing operations for fiscal year 2012 from $5.60 to $5.70 to be between $5.68 and $5.73 , and plans to repurchase, subject to market conditions, $1.5 billion of its common stock in fiscal year 2012.
Conference Call Information
A conference call regarding BD's second quarter results and its expectations for the full fiscal year 2012 will be broadcast live on BD's website, www.bd.com/investors , along with related slides, at 8:00 a.m. (ET) Tuesday, May 1 , 2012. The conference call will be available for replay on BD's website, www.bd.com/investors , or at 1-800-585-8367 (domestic) and 1-404-537-3406 (international) through the close of business on Tuesday, May 8, 2012 , access code 68128968.
Non-GAAP Financial Measures
This news release contains certain non-GAAP financial measures. Reconciliations of these and other non-GAAP measures to the comparable GAAP measures are included in the attached financial tables.
BD is a leading global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people's health throughout the world. BD is focused on improving drug delivery, enhancing the quality and speed of diagnosing infectious diseases and cancers, and advancing research, discovery and production of new drugs and vaccines. BD's capabilities are instrumental in combating many of the world's most pressing diseases. Founded in 1897 and headquartered in Franklin Lakes, New Jersey , BD employs approximately 29,000 associates in more than 50 countries throughout the world. The Company serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public. For more information, please visit www.bd.com .
This press release, including the section entitled "Fiscal 2012 Outlook for Full Year", contains certain estimates and other forward-looking statements (as defined under Federal securities laws) regarding BD's performance, including future revenues and earnings per share. All such statements are based upon current expectations of BD and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described, implied or projected in any forward-looking statement. With respect to forward-looking statements contained herein, a number of factors could cause actual results to vary materially from any forward-looking statement. These factors include, but are not limited to: adverse changes in regional, national or foreign economic conditions, including any impact that may result from the current global economic conditions on our ability to access credit markets and finance our operations, the demand for our products and services as a result of reduced government funding, lower utilization rates or otherwise, or our suppliers' ability to provide products needed for our operations; the unknown consequences of healthcare reform in the United States , including the impact of the reduction in Medicare and Medicaid payments to hospitals, pharmaceutical companies and other customers, which could reduce demand for our products and increase downward pricing pressure; changes in interest or foreign currency exchange rates; competitive factors; pricing and other market pressures; our ability to successfully integrate any businesses we acquire; difficulties inherent in product development and delays in product introductions; increases in energy costs and their effect on, among other things, the cost of producing BD's products; fluctuations in costs and availability of raw materials and in BD's ability to maintain favorable supplier arrangements and relationships; new or changing laws impacting our business or changes in enforcement practices with respect to such laws; uncertainties of litigation (as described in BD's filings with the Securities and Exchange Commission); future healthcare reform, including changes in government pricing and reimbursement policies or other cost containment reforms; the effects of potential pandemic diseases; and issuance of new or revised accounting standards, as well as other factors discussed in BD's filings with the Securities and Exchange Commission. We do not intend to update any forward-looking statements to reflect events or circumstances after the date hereof except as required by applicable laws or regulations.
Contact: Monique N. Dolecki , Investor Relations – 201-847-5378 Colleen T. White , Corporate Communications – 201-847-5369
| BECTON DICKINSON AND COMPANY | |||||||||||||
| CONSOLIDATED INCOME STATEMENTS | |||||||||||||
| (Unaudited; Amounts in thousands, except per share data) | |||||||||||||
| Three Months Ended March 31, | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||
| REVENUES | $ | 1,990,818 | $ | 1,922,023 | 3.6 | ||||||||
| Cost of products sold | 970,832 | 920,589 | 5.5 | ||||||||||
| Selling and administrative | 495,020 | 441,942 | 12.0 | ||||||||||
| Research and development | 118,528 | 119,152 | (0.5) | ||||||||||
| TOTAL OPERATING COSTS | |||||||||||||
| AND EXPENSES | 1,584,380 | 1,481,683 | 6.9 | ||||||||||
| OPERATING INCOME | 406,438 | 440,340 | (7.7) | ||||||||||
| Interest income | 16,678 | 14,564 | 14.5 | ||||||||||
| Interest expense | (35,140) | (23,921) | 46.9 | ||||||||||
| Other income (expense), net | 4,657 | (2,522) | NM | ||||||||||
| INCOME FROM CONTINUING OPERATIONS BEFORE | |||||||||||||
| INCOME TAXES | 392,633 | 428,461 | (8.4) | ||||||||||
| Income tax provision | 102,085 | 117,399 | (13.0) | ||||||||||
| INCOME FROM CONTINUING OPERATIONS | 290,548 | 311,062 | (6.6) | ||||||||||
| INCOME FROM DISCONTINUED OPERATIONS | |||||||||||||
| NET OF INCOME TAX (BENEFIT) PROVISION OF | |||||||||||||
| $(140) AND $377, RESPECTIVELY | 485 | 957 | (49.3) | ||||||||||
| NET INCOME | $ | 291,033 | $ | 312,019 | (6.7) | ||||||||
| EARNINGS PER SHARE | |||||||||||||
| Basic: | |||||||||||||
| Income from continuing operations | $ | 1.41 | $ | 1.41 | - | ||||||||
| Income from discontinued operations | $ | - | $ | - | - | ||||||||
| Net income | $ | 1.41 | $ | 1.41 | - | ||||||||
| Diluted: | |||||||||||||
| Income from continuing operations | $ | 1.38 | $ | 1.38 | - | ||||||||
| Income from discontinued operations | $ | - | $ | - | - | ||||||||
| Net income (1) | $ | 1.39 | $ | 1.38 | 0.7 | ||||||||
| AVERAGE SHARES OUTSTANDING | |||||||||||||
| Basic | 206,426 | 220,894 | |||||||||||
| Diluted | 209,803 | 225,467 | |||||||||||
| NM - Not Meaningful | |||||||||||||
| (1) Total per share amounts may not add due to rounding. | |||||||||||||
| Page 1 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| CONSOLIDATED INCOME STATEMENTS | |||||||||||||
| (Unaudited; Amounts in thousands, except per share data) | |||||||||||||
| Six Months Ended March 31, | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||
| REVENUES | $ | 3,878,464 | $ | 3,764,028 | 3.0 | ||||||||
| Cost of products sold | 1,897,015 | 1,786,020 | 6.2 | ||||||||||
| Selling and administrative | 983,978 | 889,897 | 10.6 | ||||||||||
| Research and development | 232,464 | 234,693 | (0.9) | ||||||||||
| TOTAL OPERATING COSTS | |||||||||||||
| AND EXPENSES | 3,113,457 | 2,910,610 | 7.0 | ||||||||||
| OPERATING INCOME | 765,007 | 853,418 | (10.4) | ||||||||||
| Interest income | 32,126 | 29,786 | 7.9 | ||||||||||
| Interest expense | (64,518) | (39,474) | 63.4 | ||||||||||
| Other income (expense), net | 4,272 | (7,118) | NM | ||||||||||
| INCOME FROM CONTINUING OPERATIONS BEFORE | |||||||||||||
| INCOME TAXES | 736,887 | 836,612 | (11.9) | ||||||||||
| Income tax provision | 183,328 | 211,273 | (13.2) | ||||||||||
| INCOME FROM CONTINUING OPERATIONS | 553,559 | 625,339 | (11.5) | ||||||||||
| INCOME FROM DISCONTINUED OPERATIONS | |||||||||||||
| NET OF INCOME TAX (BENEFIT) PROVISION OF | |||||||||||||
| $(159) AND $601, RESPECTIVELY | 460 | 2,617 | (82.4) | ||||||||||
| NET INCOME | $ | 554,019 | $ | 627,956 | (11.8) | ||||||||
| EARNINGS PER SHARE | |||||||||||||
| Basic: | |||||||||||||
| Income from continuing operations | $ | 2.63 | $ | 2.79 | (5.7) | ||||||||
| Income from discontinued operations | $ | - | $ | 0.01 | NM | ||||||||
| Net income | $ | 2.63 | $ | 2.80 | (6.1) | ||||||||
| Diluted: | |||||||||||||
| Income from continuing operations | $ | 2.59 | $ | 2.72 | (4.8) | ||||||||
| Income from discontinued operations | $ | - | $ | 0.01 | NM | ||||||||
| Net income (1) | $ | 2.59 | $ | 2.74 | (5.5) | ||||||||
| AVERAGE SHARES OUTSTANDING | |||||||||||||
| Basic | 210,385 | 224,528 | |||||||||||
| Diluted | 213,970 | 229,529 | |||||||||||
| NM - Not Meaningful | |||||||||||||
| (1) Total per share amounts may not add due to rounding. | |||||||||||||
| Page 2 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY SEGMENT AND GEOGRAPHIC AREA | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| Three Months Ended March 31, | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||
| BD MEDICAL | |||||||||||||
| United States | $ | 418,521 | $ | 398,487 | 5.0 | ||||||||
| International | 602,666 | 582,845 | 3.4 | ||||||||||
| TOTAL | $ | 1,021,187 | $ | 981,332 | 4.1 | ||||||||
| BD DIAGNOSTICS | |||||||||||||
| United States | $ | 318,597 | $ | 310,617 | 2.6 | ||||||||
| International | 311,422 | 294,730 | 5.7 | ||||||||||
| TOTAL | $ | 630,019 | $ | 605,347 | 4.1 | ||||||||
| BD BIOSCIENCES | |||||||||||||
| United States | $ | 110,502 | $ | 120,077 | (8.0) | ||||||||
| International | 229,110 | 215,267 | 6.4 | ||||||||||
| TOTAL | $ | 339,612 | $ | 335,344 | 1.3 | ||||||||
| TOTAL REVENUES | |||||||||||||
| United States | $ | 847,620 | $ | 829,181 | 2.2 | ||||||||
| International | 1,143,198 | 1,092,842 | 4.6 | ||||||||||
| TOTAL | $ | 1,990,818 | $ | 1,922,023 | 3.6 | ||||||||
| Page 3 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY SEGMENT AND GEOGRAPHIC AREA | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| Six Months Ended March 31, | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||
| BD MEDICAL | |||||||||||||
| United States | $ | 833,190 | $ | 804,014 | 3.6 | ||||||||
| International | 1,138,394 | 1,103,863 | 3.1 | ||||||||||
| TOTAL | $ | 1,971,584 | $ | 1,907,877 | 3.3 | ||||||||
| BD DIAGNOSTICS | |||||||||||||
| United States | $ | 630,220 | $ | 619,467 | 1.7 | ||||||||
| International | 620,542 | 587,603 | 5.6 | ||||||||||
| TOTAL | $ | 1,250,762 | $ | 1,207,070 | 3.6 | ||||||||
| BD BIOSCIENCES | |||||||||||||
| United States | $ | 213,003 | $ | 234,302 | (9.1) | ||||||||
| International | 443,115 | 414,779 | 6.8 | ||||||||||
| TOTAL | $ | 656,118 | $ | 649,081 | 1.1 | ||||||||
| TOTAL REVENUES | |||||||||||||
| United States | $ | 1,676,413 | $ | 1,657,783 | 1.1 | ||||||||
| International | 2,202,051 | 2,106,245 | 4.5 | ||||||||||
| TOTAL | $ | 3,878,464 | $ | 3,764,028 | 3.0 | ||||||||
| Page 4 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY BUSINESS SEGMENTS AND UNITS | |||||||||||||
| Three Months Ended March 31, | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| United States | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||
| BD MEDICAL | |||||||||||||
| Medical Surgical Systems | $ | 237,599 | $ | 234,571 | 1.3 | ||||||||
| Diabetes Care | 105,725 | 95,939 | 10.2 | ||||||||||
| Pharmaceutical Systems | 75,197 | 67,977 | 10.6 | ||||||||||
| TOTAL | $ | 418,521 | $ | 398,487 | 5.0 | ||||||||
| BD DIAGNOSTICS | |||||||||||||
| Preanalytical Systems | $ | 163,455 | $ | 156,978 | 4.1 | ||||||||
| Diagnostic Systems | 155,142 | 153,639 | 1.0 | ||||||||||
| TOTAL | $ | 318,597 | $ | 310,617 | 2.6 | ||||||||
| BD BIOSCIENCES | |||||||||||||
| Cell Analysis | $ | 78,841 | $ | 83,006 | (5.0) | ||||||||
| Discovery Labware | 31,661 | 37,071 | (14.6) | ||||||||||
| TOTAL | $ | 110,502 | $ | 120,077 | (8.0) | ||||||||
| TOTAL UNITED STATES | $ | 847,620 | $ | 829,181 | 2.2 | ||||||||
| Page 5 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY BUSINESS SEGMENTS AND UNITS | |||||||||||||
| Three Months Ended March 31, (continued) | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| International | |||||||||||||
| % Change | |||||||||||||
| 2012 | 2011 | Reported | FXN | FX Impact | |||||||||
| BD MEDICAL | |||||||||||||
| Medical Surgical Systems | $ | 281,340 | $ | 270,020 | 4.2 | 6.0 | (1.8) | ||||||
| Diabetes Care | 113,520 | 111,820 | 1.5 | 3.3 | (1.8) | ||||||||
| Pharmaceutical Systems | 207,806 | 201,005 | 3.4 | 5.9 | (2.5) | ||||||||
| TOTAL | $ | 602,666 | $ | 582,845 | 3.4 | 5.4 | (2.0) | ||||||
| BD DIAGNOSTICS | |||||||||||||
| Preanalytical Systems | $ | 159,858 | $ | 149,261 | 7.1 | 9.6 | (2.5) | ||||||
| Diagnostic Systems | 151,564 | 145,469 | 4.2 | 5.5 | (1.3) | ||||||||
| TOTAL | $ | 311,422 | $ | 294,730 | 5.7 | 7.6 | (1.9) | ||||||
| BD BIOSCIENCES | |||||||||||||
| Cell Analysis | $ | 182,702 | $ | 172,510 | 5.9 | 6.6 | (0.7) | ||||||
| Discovery Labware | 46,408 | 42,757 | 8.5 | 8.7 | (0.2) | ||||||||
| TOTAL | $ | 229,110 | $ | 215,267 | 6.4 | 7.0 | (0.6) | ||||||
| TOTAL INTERNATIONAL | $ | 1,143,198 | $ | 1,092,842 | 4.6 | 6.3 | (1.7) | ||||||
| Page 6 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY BUSINESS SEGMENTS AND UNITS | |||||||||||||
| Three Months Ended March 31, (continued) | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| Total | |||||||||||||
| % Change | |||||||||||||
| 2012 | 2011 | Reported | FXN | FX Impact | |||||||||
| BD MEDICAL | |||||||||||||
| Medical Surgical Systems | $ | 518,939 | $ | 504,591 | 2.8 | 3.8 | (1.0) | ||||||
| Diabetes Care | 219,245 | 207,759 | 5.5 | 6.5 | (1.0) | ||||||||
| Pharmaceutical Systems | 283,003 | 268,982 | 5.2 | 7.1 | (1.9) | ||||||||
| TOTAL | $ | 1,021,187 | $ | 981,332 | 4.1 | 5.3 | (1.2) | ||||||
| BD DIAGNOSTICS | |||||||||||||
| Preanalytical Systems | $ | 323,313 | $ | 306,239 | 5.6 | 6.8 | (1.2) | ||||||
| Diagnostic Systems | 306,706 | 299,108 | 2.5 | 3.2 | (0.7) | ||||||||
| TOTAL | $ | 630,019 | $ | 605,347 | 4.1 | 5.0 | (0.9) | ||||||
| BD BIOSCIENCES | |||||||||||||
| Cell Analysis | $ | 261,543 | $ | 255,516 | 2.4 | 2.8 | (0.4) | ||||||
| Discovery Labware | 78,069 | 79,828 | (2.2) | (2.1) | (0.1) | ||||||||
| TOTAL | $ | 339,612 | $ | 335,344 | 1.3 | 1.7 | (0.4) | ||||||
| TOTAL REVENUES | $ | 1,990,818 | $ | 1,922,023 | 3.6 | 4.6 | (1.0) | ||||||
| Page 7 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY BUSINESS SEGMENTS AND UNITS | |||||||||||||
| Six Months Ended March 31, | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| United States | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||
| BD MEDICAL | |||||||||||||
| Medical Surgical Systems | $ | 486,015 | $ | 488,825 | (0.6) | ||||||||
| Diabetes Care | 211,251 | 195,524 | 8.0 | ||||||||||
| Pharmaceutical Systems | 135,924 | 119,665 | 13.6 | ||||||||||
| TOTAL | $ | 833,190 | $ | 804,014 | 3.6 | ||||||||
| BD DIAGNOSTICS | |||||||||||||
| Preanalytical Systems | $ | 325,570 | $ | 319,036 | 2.0 | ||||||||
| Diagnostic Systems | 304,650 | 300,431 | 1.4 | ||||||||||
| TOTAL | $ | 630,220 | $ | 619,467 | 1.7 | ||||||||
| BD BIOSCIENCES | |||||||||||||
| Cell Analysis | $ | 152,634 | $ | 163,262 | (6.5) | ||||||||
| Discovery Labware | 60,369 | 71,040 | (15.0) | ||||||||||
| TOTAL | $ | 213,003 | $ | 234,302 | (9.1) | ||||||||
| TOTAL UNITED STATES | $ | 1,676,413 | $ | 1,657,783 | 1.1 | ||||||||
| Page 8 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY BUSINESS SEGMENTS AND UNITS | |||||||||||||
| Six Months Ended March 31, (continued) | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| International | |||||||||||||
| % Change | |||||||||||||
| 2012 | 2011 | Reported | FXN | FX Impact | |||||||||
| BD MEDICAL | |||||||||||||
| Medical Surgical Systems | $ | 555,234 | $ | 528,491 | 5.1 | 6.3 | (1.2) | ||||||
| Diabetes Care | 233,913 | 226,118 | 3.4 | 4.2 | (0.8) | ||||||||
| Pharmaceutical Systems | 349,247 | 349,254 | - | 1.1 | (1.1) | ||||||||
| TOTAL | $ | 1,138,394 | $ | 1,103,863 | 3.1 | 4.2 | (1.1) | ||||||
| BD DIAGNOSTICS | |||||||||||||
| Preanalytical Systems | $ | 314,365 | $ | 299,832 | 4.8 | 6.5 | (1.7) | ||||||
| Diagnostic Systems | 306,177 | 287,771 | 6.4 | 6.8 | (0.4) | ||||||||
| TOTAL | $ | 620,542 | $ | 587,603 | 5.6 | 6.7 | (1.1) | ||||||
| BD BIOSCIENCES | |||||||||||||
| Cell Analysis | $ | 352,510 | $ | 332,997 | 5.9 | 5.9 | - | ||||||
| Discovery Labware | 90,605 | 81,782 | 10.8 | 9.9 | 0.9 | ||||||||
| TOTAL | $ | 443,115 | $ | 414,779 | 6.8 | 6.7 | 0.1 | ||||||
| TOTAL INTERNATIONAL | $ | 2,202,051 | $ | 2,106,245 | 4.5 | 5.4 | (0.9) | ||||||
| Page 9 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| REVENUES BY BUSINESS SEGMENTS AND UNITS | |||||||||||||
| Six Months Ended March 31, (continued) | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| Total | |||||||||||||
| % Change | |||||||||||||
| 2012 | 2011 | Reported | FXN | FX Impact | |||||||||
| BD MEDICAL | |||||||||||||
| Medical Surgical Systems | $ | 1,041,249 | $ | 1,017,316 | 2.4 | 3.0 | (0.6) | ||||||
| Diabetes Care | 445,164 | 421,642 | 5.6 | 6.0 | (0.4) | ||||||||
| Pharmaceutical Systems | 485,171 | 468,919 | 3.5 | 4.3 | (0.8) | ||||||||
| TOTAL | $ | 1,971,584 | $ | 1,907,877 | 3.3 | 4.0 | (0.7) | ||||||
| BD DIAGNOSTICS | |||||||||||||
| Preanalytical Systems | $ | 639,935 | $ | 618,868 | 3.4 | 4.2 | (0.8) | ||||||
| Diagnostic Systems | 610,827 | 588,202 | 3.8 | 4.1 | (0.3) | ||||||||
| TOTAL | $ | 1,250,762 | $ | 1,207,070 | 3.6 | 4.1 | (0.5) | ||||||
| BD BIOSCIENCES | |||||||||||||
| Cell Analysis | $ | 505,144 | $ | 496,259 | 1.8 | 1.8 | - | ||||||
| Discovery Labware | 150,974 | 152,822 | (1.2) | (1.7) | 0.5 | ||||||||
| TOTAL | $ | 656,118 | $ | 649,081 | 1.1 | 1.0 | 0.1 | ||||||
| TOTAL REVENUES | $ | 3,878,464 | $ | 3,764,028 | 3.0 | 3.5 | (0.5) | ||||||
| Page 10 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL REVENUE INFORMATION | |||||||||||||
| SAFETY REVENUES | |||||||||||||
| (Unaudited; Amounts in thousands) | |||||||||||||
| Three Months Ended March 31, | |||||||||||||
| % Change | |||||||||||||
| 2012 | 2011 | Reported | FXN | FX Impact | |||||||||
| TOTAL SAFETY REVENUES | |||||||||||||
| United States | $ | 282,733 | $ | 263,524 | 7.3 | 7.3 | - | ||||||
| International | 205,369 | 177,859 | 15.5 | 17.7 | (2.2) | ||||||||
| TOTAL | $ | 488,102 | $ | 441,383 | 10.6 | 11.5 | (0.9) | ||||||
| BY SEGMENT | |||||||||||||
| BD Medical | $ | 235,928 | $ | 204,866 | 15.2 | 15.6 | (0.4) | ||||||
| BD Diagnostics | 252,174 | 236,517 | 6.6 | 7.9 | (1.3) | ||||||||
| TOTAL | $ | 488,102 | $ | 441,383 | 10.6 | 11.5 | (0.9) | ||||||
| Six Months Ended March 31, | |||||||||||||
| % Change | |||||||||||||
| 2012 | 2011 | Reported | FXN | FX Impact | |||||||||
| TOTAL SAFETY REVENUES | |||||||||||||
| United States | $ | 573,345 | $ | 547,306 | 4.8 | 4.8 | - | ||||||
| International | 402,326 | 347,113 | 15.9 | 17.2 | (1.3) | ||||||||
| TOTAL | $ | 975,671 | $ | 894,419 | 9.1 | 9.6 | (0.5) | ||||||
| BY SEGMENT | |||||||||||||
| BD Medical | $ | 475,711 | $ | 418,175 | 13.8 | 13.9 | (0.1) | ||||||
| BD Diagnostics | 499,960 | 476,244 | 5.0 | 5.9 | (0.9) | ||||||||
| TOTAL | $ | 975,671 | $ | 894,419 | 9.1 | 9.6 | (0.5) | ||||||
| Page 11 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL INFORMATION | |||||||||||||
| Quarter-to-Date Fiscal 2012 Reconciliation - FX Impact | |||||||||||||
| (Unaudited; Amounts in millions, except per share data) | |||||||||||||
| Three Months Ended March 31, | |||||||||||||
| Reported | Reported | Reported Growth | Foreign Currency | FXN | FXN | ||||||||
| FY2012 | FY2011 | $ | Translation | Change | Growth | ||||||||
| REVENUES | $ | 1,991 | $ | 1,922 | $ | 69 | $ | (19) | $ | 88 | 4.6% | ||
| Diluted Earnings per Share | |||||||||||||
| from Continuing Operations | $ | 1.38 | $ | 1.38 | $ | 0.00 | $ | (0.04) | $ | 0.04 | 2.9% | ||
| All figures rounded. Totals may not add due to rounding. | |||||||||||||
| FXN = Foreign Currency Neutral | |||||||||||||
| Page 12 | |||||||||||||
| BECTON DICKINSON AND COMPANY | |||||||||||||
| SUPPLEMENTAL INFORMATION | |||||||||||||
| Year-to-Date Fiscal 2012 Reconciliation - FX Impact | |||||||||||||
| (Unaudited; Amounts in millions, except per share data) | |||||||||||||
| Six Months Ended March 31, | |||||||||||||
| Reported | Reported | Reported Growth | Foreign Currency | FXN | FXN | ||||||||
| FY2012 | FY2011 | $ | Translation | Change | Growth | ||||||||
| REVENUES | $ | 3,878 | $ | 3,764 | $ | 114 | $ | (18) | $ | 132 | 3.5% | ||
| Diluted Earnings per Share | |||||||||||||
| from Continuing Operations | $ | 2.59 | $ | 2.72 | $ | (0.13) | $ | (0.04) | $ | (0.09) | -3.3% | ||
| All figures rounded. Totals may not add due to rounding. | |||||||||||||
| FXN = Foreign Currency Neutral | |||||||||||||
| Page 13 |
SOURCE BD (Becton, Dickinson and Company)