1 Becton Drive
Franklin Lakes, NJ 07417
Tel: 201.847.4000
Fax: 201.847.6692
www.bd.com
News Release [Becton, Dickinson and Company LOGO]
Helping all people
live healthy lives
Contact:
Charles A. Borgognoni/Corporate Communications - 201-847-6651
Patricia A. Spinella/Investor Relations - 201-847-5453
BD ANNOUNCES RESULTS FOR FISCAL THIRD QUARTER
Franklin Lakes, NJ (July 24, 2003) - BD (Becton, Dickinson and Company) (NYSE:
BDX) today reported record quarterly revenues of $1.165 billion for the fiscal
third quarter ended June 30, 2003, an increase of 17 percent from the same
period a year ago. At constant foreign exchange rates, revenues increased 11
percent. Revenue growth in all segments benefited from favorable foreign
currency translation, particularly with respect to the Euro.
Diluted earnings per share and net income for the quarter were 49 cents and $130
million, respectively. Included in third quarter results were non-cash charges
of $34 million, recorded in cost of products sold, relating to the write-down of
certain intangible assets and inventory in the BD Biosciences segment. These
charges reduced net income by $20 million and diluted earnings per share by 8
cents. For the third quarter of fiscal 2002, diluted earnings per share were 44
cents and net income was $120 million, including special charges of $12 million,
or 4 cents per share relating to the manufacturing restructuring in the BD
Medical Systems segment.
"Strong revenue growth in all three of our business segments, as well as in most
of our international regions, was the driving force behind another sound quarter
for BD," said Edward J. Ludwig, Chairman, President and Chief Executive Officer.
"Of the many products that added to this quarter's revenue growth, we were
especially pleased by the contribution from the BD FACSAria'TM', our recently
launched BD Biosciences instrument, which generated $20 million in revenue."
Q3 Segment Results
- ------------------
In the BD Medical Systems segment, worldwide revenues of $648 million increased
19 percent. The Medical Surgical, Pharmaceutical Systems and Consumer Healthcare
units each contributed double-digit growth to the segment's results. Included in
BD Medical Systems revenues were U.S. safety-engineered product sales of $101
million, versus $88 million in the prior year's quarter. The overall growth rate
in the segment was offset in part by reduced sales of conventional devices in
the U.S. due to the transition to safety-engineered devices.
In the BD Clinical Laboratory Solutions segment, worldwide revenues increased 13
percent to $338 million. Revenue growth of 11 percent in the Preanalytical
Solutions unit of the segment was attributable in part to U.S. safety-engineered
device sales, which were $66 million, versus $57 million in the prior year's
quarter. These results were offset in part by reduced sales of conventional
devices due to the transition to safety-engineered devices. Worldwide revenues
of the Diagnostic Systems unit of the segment increased 17 percent. This growth
reflected strong worldwide sales of its molecular diagnostic platform, BD
ProbeTec'TM' ET.
In the BD Biosciences segment, worldwide revenues grew 14 percent to $179
million. Revenue growth was driven by strong sales of the new BD FACSAria'TM'
cell sorter, which BD Biosciences began shipping at the end of March, and by
sales of immunology/cell biology reagents. This growth was offset in part by
continued weaker demand for certain molecular biology (Clontech) reagents.
Non-Cash Charges
- ----------------
During the third quarter, the BD Biosciences segment discontinued the
development of certain products and product applications associated with its BD
IMAGN'TM' instrument platform. In connection with this decision, the Company
recorded an impairment charge of $27 million for related intangible assets and
inventory. In addition, as the result of a revised outlook with respect to
under-performing portions of its molecular biology (Clontech) product line, BD
Biosciences wrote down the value of related inventory and intellectual property
by $7 million. In connection with the foregoing decisions, in the third quarter,
the Company recorded, in cost of products sold, non-cash charges of $34 million.
Q3 Geographic Results
- ---------------------
On a geographic basis, third quarter revenues in the U.S. increased 10 percent
to $583 million. Revenues outside the U.S. of $582 million grew 24 percent, or
11 percent at constant foreign exchange rates. International revenues in the
third quarter, benefited from favorable foreign exchange as well as strong
performance in Europe, Canada, Japan, and Asia Pacific, offset in part by the
effects of unfavorable performance and economic conditions in Latin America.
Nine-Month Results
- ------------------
For the nine-month period ended June 30, 2003, reported revenues were $3.351
billion, a 13 percent increase over a year ago, or 9 percent at constant foreign
exchange rates. Diluted earnings per share for the nine-month period were $1.46,
or $1.54 excluding the aforementioned non-cash charges relating to intangible
asset impairments and inventory write-downs. For the same period in fiscal 2002,
diluted earnings per share were $1.29, or $1.35 before the special charges
related to the manufacturing restructuring in the BD Medical Systems segment.
Fiscal 2003 Outlook
- -------------------
For the fourth quarter, the Company expects diluted earnings per share of 60
cents, and $2.06 for the full fiscal year, or $2.14 excluding the 8 cents of
non-cash charges relating to the intangible asset impairments and inventory
write-downs included in the third quarter results. These expectations assume
that foreign currency exchange rates, in particular as related to the Euro,
remain approximately at current levels.
Conference Call Information
- ---------------------------
A conference call regarding BD's third quarter results and its expectations for
the fourth quarter will be broadcast live on BD's website www.bd.com/investors
at 8:30 a.m. (ET) Thursday, July 24, 2003. The conference call will be available
for replay on BD's website www.bd.com/investors or at 1-800-391-9851 (domestic)
and 1-402-220-9825 (international) through the close of business on July 31,
2003.
This news release contains certain non-GAAP financial measures. A reconciliation
of these measures to the comparable GAAP measures is included in this release
and in the attached financial tables.
BD is a medical technology company that serves healthcare institutions, life
science researchers, clinical laboratories, industry and the general public. BD
manufactures and sells a broad range of medical supplies, devices, laboratory
equipment and diagnostic products. For the fiscal year ended September 30, 2002,
BD reported total revenues of $4.033 billion.
***
This press release may contain certain forward-looking statements (as defined
under Federal securities laws) regarding BD's performance, including future
revenues, products and income, or events or developments that BD expects to
occur or anticipates occurring in the future. 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. Factors that
could cause actual results to vary materially from any forward-looking statement
include, but are not limited to: competitive factors; pricing and market share
pressures; uncertainties of litigation; BD's ability to achieve sales and
earnings forecasts, which are based on sales volume and product mix assumptions,
to achieve its cost savings objectives, and to achieve anticipated synergies and
other cost savings in connection with acquisitions; changes in regional,
national or foreign economic conditions; increases in energy costs; fluctuations
in costs and availability of raw materials and in BD's ability to maintain
favorable supplier arrangements and relationships; changes in interest or
foreign currency exchange rates; delays in product introductions; and changes in
health care or other governmental regulation, as well as other factors discussed
in this press release and in BD's filings with the Securities and Exchange
Commission. We do not intend to update any forward-looking statements.
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per-share data)
Three Months Ended June 30,
2003 2002 % Change
- -------------------------------------------------------------------------------------
REVENUES $1,165,369 $ 998,460 16.7
Cost of products sold 622,387 * 514,071 21.1
Selling and administrative 308,475 253,857 21.5
Research and development 60,042 53,037 13.2
Special charges -- 11,571 NM
- -------------------------------------------------------------------------------------
TOTAL OPERATING COSTS
AND EXPENSES 990,904 832,536 19.0
- -------------------------------------------------------------------------------------
OPERATING INCOME 174,465 165,924 5.1
Interest expense, net (9,658) (8,678) 11.3
Other (expense) income, net (2,036) 1,313 NM
- -------------------------------------------------------------------------------------
INCOME BEFORE
INCOME TAXES 162,771 158,559 2.7
Income tax provision 32,753 38,834 (15.7)
- -------------------------------------------------------------------------------------
NET INCOME $ 130,018 $ 119,725 8.6
- -------------------------------------------------------------------------------------
EARNINGS PER SHARE
Basic $ 0.51 $ 0.46 10.9
Diluted $ 0.49 $ 0.44 11.4
- -------------------------------------------------------------------------------------
AVERAGE SHARES OUTSTANDING
Basic 255,038 258,067
Diluted 265,088 269,011
- -------------------------------------------------------------------------------------
NM - Not Meaningful
* Includes $34,231 of non-cash charges, as more fully described on the
following page.
Page 1
BECTON DICKINSON AND COMPANY
RECONCILIATION TO PRO FORMA AMOUNTS
Three Months Ended June 30,
(Unaudited; Amounts in thousands, except per-share data)
2003
------------------------------------------
As Non-cash Excluding
Reported Charges* Charges
------------------------------------------
Gross Profit $ 542,982 $ 34,231 $ 577,213
as a % of revenues 46.6% 49.5%
Operating Income 174,465 34,231 208,696
as a % of revenues 15.0% 17.9%
Net Income 130,018 20,196 150,214
as a % of revenues 11.2% 12.9%
Diluted EPS 0.49 0.08 0.57
2002
------------------------------------------
As Special Excluding
Reported Charges** Charges
------------------------------------------
Gross Profit $ 484,389 $ -- $ 484,389
as a % of revenues 48.5% 48.5%
Operating Income 165,924 11,571 177,495
as a % of revenues 16.6% 17.8%
Net Income 119,725 10,254 129,979
as a % of revenues 12.0% 13.0%
Diluted EPS 0.44 0.04 0.48
* Relates to the fiscal 2003 write-down of certain intangible assets and
inventory in the BD Biosciences segment.
** Relates to the fiscal 2002 manufacturing restructuring in the BD Medical
Systems segment.
Page 2
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per-share data)
Nine Months Ended June 30,
2003 2002 % Change
- ----------------------------------------------------------------------------------
REVENUES $3,351,058 $2,956,377 13.4
Cost of products sold 1,750,854 * 1,536,966 13.9
Selling and administrative 891,454 749,811 18.9
Research and development 179,921 164,588 9.3
Special charges -- 21,508 NM
- ----------------------------------------------------------------------------------
TOTAL OPERATING COSTS
AND EXPENSES 2,822,229 2,472,873 14.1
- ----------------------------------------------------------------------------------
OPERATING INCOME 528,829 483,504 9.4
Interest expense, net (26,944) (27,088) (0.5)
Other (expense) income, net (3,799) 189 NM
- ----------------------------------------------------------------------------------
INCOME BEFORE
INCOME TAXES 498,086 456,605 9.1
Income tax provision 112,390 108,019 4.0
- ----------------------------------------------------------------------------------
NET INCOME $ 385,696 $ 348,586 10.6
- ----------------------------------------------------------------------------------
EARNINGS PER SHARE
Basic $ 1.51 $ 1.34 12.7
Diluted $ 1.46 $ 1.29 13.2
- ----------------------------------------------------------------------------------
AVERAGE SHARES OUTSTANDING
Basic 255,008 258,568
Diluted 263,995 269,734
- ----------------------------------------------------------------------------------
NM - Not Meaningful
* Includes $34,231 of non-cash charges, as more fully described on the
following page.
Page 3
BECTON DICKINSON AND COMPANY
RECONCILIATION TO PRO FORMA AMOUNTS
Nine Months Ended June 30,
(Unaudited; Amounts in thousands, except per-share data)
2003
-------------------------------------------
As Non-cash Excluding
Reported Charges* Charges
-------------------------------------------
Gross Profit $1,600,204 $ 34,231 $1,634,435
as a % of revenues 47.8% 48.8%
Operating Income 528,829 34,231 563,060
as a % of revenues 15.8% 16.8%
Net Income 385,696 20,196 405,892
as a % of revenues 11.5% 12.1%
Diluted EPS 1.46 0.08 1.54
2002
-------------------------------------------
As Special Excluding
Reported Charges** Charges
-------------------------------------------
Gross Profit $1,419,411 $ -- $1,419,411
as a % of revenues 48.0% 48.0%
Operating Income 483,504 21,508 505,012
as a % of revenues 16.4% 17.1%
Net Income 348,586 16,692 365,278
as a % of revenues 11.8% 12.4%
Diluted EPS 1.29 0.06 1.35
* Relates to the fiscal 2003 write-down of certain intangible assets and
inventory in the BD Biosciences segment.
** Relates to the fiscal 2002 manufacturing restructuring in the BD Medical
Systems segment.
Page 4
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
Three Months Ended June 30,
2003 2002 % Change
------------------------------------------
BD MEDICAL SYSTEMS
United States $ 306,036 $272,020 12.5
International 342,392 272,156 25.8
- ---------------------------------------------------------------------------------
TOTAL $ 648,428 $544,176 19.2
- ---------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
United States $ 190,888 $174,976 9.1
International 147,295 123,054 19.7
- ---------------------------------------------------------------------------------
TOTAL $ 338,183 $298,030 13.5
- ---------------------------------------------------------------------------------
BD BIOSCIENCES
United States $ 86,164 $ 81,653 * 5.5
International 92,594 74,601 * 24.1
- ---------------------------------------------------------------------------------
TOTAL $ 178,758 $156,254 14.4
- ---------------------------------------------------------------------------------
TOTAL REVENUES
United States $ 583,088 $528,649 * 10.3
International 582,281 469,811 * 23.9
- ---------------------------------------------------------------------------------
TOTAL $1,165,369 $998,460 16.7
- ---------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 5
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
Nine Months Ended June 30,
2003 2002 % Change
---------------------------------------------
BD MEDICAL SYSTEMS
United States $ 895,256 $ 791,995 13.0
International 926,628 785,595 18.0
- -----------------------------------------------------------------------------------
TOTAL $1,821,884 $1,577,590 15.5
- -----------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
United States $ 588,626 $ 540,866 8.8
International 438,011 369,570 18.5
- -----------------------------------------------------------------------------------
TOTAL $1,026,637 $ 910,436 12.8
- -----------------------------------------------------------------------------------
BD BIOSCIENCES
United States $ 234,046 $ 239,704 * (2.4)
International 268,491 228,647 * 17.4
- -----------------------------------------------------------------------------------
TOTAL $ 502,537 $ 468,351 7.3
- -----------------------------------------------------------------------------------
TOTAL REVENUES
United States $1,717,928 $1,572,565 * 9.2
International 1,633,130 1,383,812 * 18.0
- -----------------------------------------------------------------------------------
TOTAL $3,351,058 $2,956,377 13.4
- -----------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 6
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND MAJOR PRODUCT GROUPS
Three Months Ended June 30,
(Unaudited; Amounts in thousands)
United States
2003 2002 % Change
-------------------------------------------
BD MEDICAL SYSTEMS
Medical Surgical $190,831 $175,185 * 8.9
Consumer Health Care 81,329 70,122 * 16.0
Pharmaceutical Systems 28,029 19,909 40.8
Ophthalmic Systems 5,847 6,804 (14.1)
- ---------------------------------------------------------------------------------
TOTAL $306,036 $272,020 12.5
- ---------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
Preanalytical Solutions $102,869 $ 97,306 5.7
Diagnostic Systems 88,019 77,670 13.3
- ---------------------------------------------------------------------------------
TOTAL $190,888 $174,976 9.1
- ---------------------------------------------------------------------------------
BD BIOSCIENCES
Discovery Labware $ 25,053 $ 26,643 (6.0)
Immunocytometry & Reagents:
Flow Cytometry Instruments
& Reagents 34,960 27,668 26.4
Molecular Biology Reagents 8,091 10,187 * (20.6)
Immunology/Cell Biology Reagents 18,060 17,155 5.3
- ---------------------------------------------------------------------------------
Total Immunocytometry & Reagents 61,111 55,010 * 11.1
- ---------------------------------------------------------------------------------
TOTAL $ 86,164 $ 81,653 * 5.5
- ---------------------------------------------------------------------------------
TOTAL UNITED STATES $583,088 $528,649 * 10.3
- ---------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 7
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND MAJOR PRODUCT GROUPS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
International
------------------------------------------------------------------
% Change
----------------------
2003 2002 Reported FX Neutral FX Impact
------------------------------------------------------------------
BD MEDICAL SYSTEMS
Medical Surgical $179,543 $148,457 20.9 12.8 8.1
Consumer Health Care 55,785 45,361 23.0 10.5 12.5
Pharmaceutical Systems 99,319 71,210 39.5 17.5 22.0
Ophthalmic Systems 7,745 7,128 8.7 (5.4) 14.1
- --------------------------------------------------------------------------------------------------------
TOTAL $342,392 $272,156 25.8 13.1 12.7
- --------------------------------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
Preanalytical Solutions $ 77,503 $ 65,551 18.2 5.8 12.4
Diagnostic Systems 69,792 57,503 21.4 9.0 12.4
- --------------------------------------------------------------------------------------------------------
TOTAL $147,295 $123,054 19.7 7.3 12.4
- --------------------------------------------------------------------------------------------------------
BD BIOSCIENCES
Discovery Labware $ 21,596 $ 16,993 27.1 13.1 14.0
Immunocytometry & Reagents:
Flow Cytometry Instruments
& Reagents 49,121 38,659 27.1 11.2 15.9
Molecular Biology Reagents 7,720 8,021 * (3.8) (14.0) 10.2
Immunology/Cell Biology Reagents 14,157 10,928 29.5 13.7 15.8
- --------------------------------------------------------------------------------------------------------
Total Immunocytometry & Reagents 70,998 57,608 * 23.2 8.1 15.1
- --------------------------------------------------------------------------------------------------------
TOTAL $ 92,594 $ 74,601 * 24.1 9.3 14.8
- --------------------------------------------------------------------------------------------------------
TOTAL INTERNATIONAL $582,281 $469,811 * 23.9 11.0 12.9
- --------------------------------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 8
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND MAJOR PRODUCT GROUPS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
Total
-------------------------------------------------------------------
% Change
-----------------------
2003 2002 Reported FX Neutral FX Impact
-------------------------------------------------------------------
BD MEDICAL SYSTEMS
Medical Surgical $ 370,374 $323,642 * 14.4 10.7 3.7
Consumer Health Care 137,114 115,483 * 18.7 13.8 4.9
Pharmaceutical Systems 127,348 91,119 39.8 22.6 17.2
Ophthalmic Systems 13,592 13,932 (2.4) (9.6) 7.2
- --------------------------------------------------------------------------------------------------------
TOTAL $ 648,428 $544,176 19.2 12.8 6.4
- --------------------------------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
Preanalytical Solutions $ 180,372 $162,857 10.8 5.8 5.0
Diagnostic Systems 157,811 135,173 16.7 11.5 5.2
- --------------------------------------------------------------------------------------------------------
TOTAL $ 338,183 $298,030 13.5 8.4 5.1
- --------------------------------------------------------------------------------------------------------
BD BIOSCIENCES
Discovery Labware $ 46,649 $ 43,636 6.9 1.5 5.4
Immunocytometry & Reagents:
Flow Cytometry Instruments
& Reagents 84,081 66,327 26.8 17.5 9.3
Molecular Biology Reagents 15,811 18,208 (13.2) (17.7) 4.5
Immunology/Cell Biology Reagents 32,217 28,083 14.7 8.6 6.1
- --------------------------------------------------------------------------------------------------------
Total Immunocytometry & Reagents 132,109 112,618 17.3 9.6 7.7
- --------------------------------------------------------------------------------------------------------
TOTAL $ 178,758 $156,254 14.4 7.3 7.1
- --------------------------------------------------------------------------------------------------------
TOTAL REVENUES $1,165,369 $998,460 16.7 10.6 6.1
- --------------------------------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 9
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND MAJOR PRODUCT GROUPS
Nine Months Ended June 30,
(Unaudited; Amounts in thousands)
United States
----------------------------------------
2003 2002 % Change
----------------------------------------
BD MEDICAL SYSTEMS
Medical Surgical $ 564,313 $ 512,264 * 10.2
Consumer Health Care 240,483 209,337 * 14.9
Pharmaceutical Systems 72,351 50,827 42.3
Ophthalmic Systems 18,109 19,567 (7.5)
- -------------------------------------------------------------------------------
TOTAL $ 895,256 $ 791,995 13.0
- -------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
Preanalytical Solutions $ 306,850 $ 277,118 10.7
Diagnostic Systems 281,776 263,748 6.8
- -------------------------------------------------------------------------------
TOTAL $ 588,626 $ 540,866 8.8
- -------------------------------------------------------------------------------
BD BIOSCIENCES
Discovery Labware $ 71,399 $ 72,545 (1.6)
Immunocytometry & Reagents:
Flow Cytometry Instruments
& Reagents 87,300 88,078 (0.9)
Molecular Biology Reagents 24,353 30,668 * (20.6)
Immunology/Cell Biology Reagents 50,994 48,413 5.3
- -------------------------------------------------------------------------------
Total Immunocytometry & Reagents 162,647 167,159 * (2.7)
- -------------------------------------------------------------------------------
TOTAL $ 234,046 $ 239,704 * (2.4)
- -------------------------------------------------------------------------------
TOTAL UNITED STATES $1,717,928 $1,572,565 * 9.2
- -------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 10
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND MAJOR PRODUCT GROUPS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
International
-----------------------------------------------------------------
% Change
---------------------
2003 2002 Reported FX Neutral FX Impact
-----------------------------------------------------------------
BD MEDICAL SYSTEMS
Medical Surgical $ 492,978 $ 438,598 12.4 6.8 5.6
Consumer Health Care 150,008 136,800 9.7 1.2 8.5
Pharmaceutical Systems 262,048 190,776 37.4 19.8 17.6
Ophthalmic Systems 21,594 19,421 11.2 (0.5) 11.7
- -------------------------------------------------------------------------------------------------------
TOTAL $ 926,628 $ 785,595 18.0 8.8 9.2
- -------------------------------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
Preanalytical Solutions $ 216,782 $ 188,802 14.8 5.0 9.8
Diagnostic Systems 221,229 180,768 22.4 13.4 9.0
- -------------------------------------------------------------------------------------------------------
TOTAL $ 438,011 $ 369,570 18.5 9.1 9.4
- -------------------------------------------------------------------------------------------------------
BD BIOSCIENCES
Discovery Labware $ 60,511 $ 49,566 22.1 11.3 10.8
Immunocytometry & Reagents:
Flow Cytometry Instruments
& Reagents 144,313 123,604 16.8 4.6 12.2
Molecular Biology Reagents 24,501 23,999 * 2.1 (6.8) 8.9
Immunology/Cell Biology Reagents 39,166 31,478 24.4 11.5 12.9
- -------------------------------------------------------------------------------------------------------
Total Immunocytometry & Reagents 207,980 179,081 * 16.1 4.3 11.8
- -------------------------------------------------------------------------------------------------------
TOTAL $ 268,491 $ 228,647 * 17.4 5.8 11.6
- -------------------------------------------------------------------------------------------------------
TOTAL INTERNATIONAL $1,633,130 $1,383,812 * 18.0 8.4 9.6
- -------------------------------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 11
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND MAJOR PRODUCT GROUPS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
Total
-----------------------------------------------------------------
% Change
---------------------
2003 2002 Reported FX Neutral FX Impact
-----------------------------------------------------------------
BD MEDICAL SYSTEMS
Medical Surgical $1,057,291 $ 950,862 * 11.2 8.6 2.6
Consumer Health Care 390,491 346,137 * 12.8 9.5 3.3
Pharmaceutical Systems 334,399 241,603 38.4 24.5 13.9
Ophthalmic Systems 39,703 38,988 1.8 (4.0) 5.8
- -------------------------------------------------------------------------------------------------------
TOTAL $1,821,884 $1,577,590 15.5 10.9 4.6
- -------------------------------------------------------------------------------------------------------
BD CLINICAL LABORATORY SOLUTIONS
Preanalytical Solutions $ 523,632 $ 465,920 12.4 8.4 4.0
Diagnostic Systems 503,005 444,516 13.2 9.5 3.7
- -------------------------------------------------------------------------------------------------------
TOTAL $1,026,637 $ 910,436 12.8 8.9 3.9
- -------------------------------------------------------------------------------------------------------
BD BIOSCIENCES
Discovery Labware $ 131,910 $ 122,111 8.0 3.7 4.3
Immunocytometry & Reagents:
Flow Cytometry Instruments
& Reagents 231,613 211,682 9.4 2.3 7.1
Molecular Biology Reagents 48,854 54,667 (10.6) (14.5) 3.9
Immunology/Cell Biology Reagents 90,160 79,891 12.9 7.8 5.1
- -------------------------------------------------------------------------------------------------------
Total Immunocytometry & Reagents 370,627 346,240 7.0 0.9 6.1
- -------------------------------------------------------------------------------------------------------
TOTAL $ 502,537 $ 468,351 7.3 1.6 5.7
- -------------------------------------------------------------------------------------------------------
TOTAL REVENUES $3,351,058 $2,956,377 13.4 8.8 4.6
- -------------------------------------------------------------------------------------------------------
* Prior year data reclassified to conform to current year presentation
Page 12