EX-99.1
Published on July 29, 2010
Exhibit 99.1
1 Becton Drive
Franklin Lakes, NJ 07417
www.bd.com
Franklin Lakes, NJ 07417
www.bd.com
News Release
Contact:
Sherry L. Bertner, Investor Relations - 201-847-5453
Colleen T. White, Corporate Communications - 201-847-5369
Sherry L. Bertner, Investor Relations - 201-847-5453
Colleen T. White, Corporate Communications - 201-847-5369
BD ANNOUNCES RESULTS FOR THIRD QUARTER FISCAL 2010
| Reports earnings per share from continuing operations of $1.29, in line with the Companys expectations; | ||
| Expects full fiscal year 2010 earnings per share from continuing operations, excluding specified items, to increase 3 to 4 percent, or about 9 percent on a foreign currency-neutral basis, which is in line with previously communicated guidance of 8 to 10 percent. On a reported basis, earnings per share from continuing operations are expected to increase about 3 percent. | ||
| Previously announced agreement to sell certain assets of the BD Medical segment remains on track to close in the fourth quarter fiscal 2010; results were not classified as discontinued operations for third quarter fiscal 2010. |
Franklin Lakes, NJ (July 29, 2010) - BD (Becton, Dickinson and Company) (NYSE: BDX), a leading
global medical technology company, today reported quarterly revenues of $1.878 billion for the
third fiscal quarter ended June 30, 2010, representing an increase of 3.2 percent from the
prior-year period, or 3.9 percent on a foreign currency-neutral basis.
We are pleased with our results this quarter, with each of our three segments contributing to our
growth. We delivered earnings per share from continuing operations of $1.29, which is in line with
the Companys expectations, said Edward J. Ludwig, Chairman and Chief Executive Officer. Despite
the challenging global economy, we expect to deliver bottom-line growth of approximately 9 percent
foreign-currency neutral, which is in line with our previously communicated range of 8 to 10
percent for the full fiscal year 2010. Profits and cash flows continue to improve as a result of
operational efficiencies. We are also pleased to announce that we are increasing our share
repurchases to $700 million from $550 million, which supports our ongoing commitment to return
value to shareholders.
Update on the Sale of Certain Assets in the BD Medical Segment
In May 2010, the Company signed agreements to sell certain assets of its BD Medical segment,
including the Ophthalmic Systems unit as well as the surgical blades, critical care and extended
dwell catheter product platforms of the Medical Surgical Systems unit. For the full fiscal year
2010, revenues and earnings per share associated with these asset groups were estimated at $200
million and $0.20, respectively. The results of operations associated with these asset groups have
not been classified as discontinued operations in the accompanying financial tables as the criteria
for such classification were not met in the third fiscal quarter 2010. The Company expects to
record a gain on the sale in the fourth fiscal quarter 2010, when the transaction is expected to be
completed.
Third Quarter and Nine-Month Fiscal Year 2010 Operating Results
Reported diluted earnings per share from continuing operations for the third quarter were $1.29,
compared with $1.38 in the prior-year period, representing a 6.5 percent decrease. The prior-year
period included a $20 million, or $0.08 per share, tax benefit related to various tax settlements
in
multiple jurisdictions. Excluding this item, adjusted diluted earnings per share from continuing
operations were $1.30. On a foreign currency-neutral basis, adjusted diluted earnings per share
from continuing operations for the third quarter increased by 6.9 percent.
For the nine-month period ending June 30, 2010, reported diluted earnings per share from continuing
operations were $3.81, compared with $3.67 in the prior-year period, representing an increase of
3.8 percent. Current year-to-date results include a non-cash charge of $8.9 million, or $0.04 per
share from continuing operations related to healthcare reform impacting Medicare Part D
reimbursements, and the prior-year period included the aforementioned tax benefit of $0.08 and a
litigation charge of $45 million, or $0.11 per share. Excluding these items, adjusted diluted
earnings per share from continuing operations increased by 4.1 percent to $3.85, compared with
$3.70 adjusted earnings per share in the prior-year period. On a foreign currency-neutral basis,
adjusted diluted earnings per share from continuing operations for the nine-month period increased
11.4 percent.
Segment Results
In the BD Medical segment, worldwide revenues for the quarter were $993 million, representing an
increase of 2.5 percent compared with the prior-year period, or 2.7 percent on a foreign
currency-neutral basis. Revenues reflected solid sales of Diabetes Care products, which were
partially offset by softer Pharmaceutical Systems revenues due to timing of orders in the quarter. The comparison to prior year is also negatively
impacted by about 1 percentage point due to the H1N1 flu pandemic in fiscal year 2009. For the nine-month period ended June 30, 2010, BD Medical
revenues increased 9.3 percent, or 7.6 percent on a foreign currency-neutral basis.
In the BD Diagnostics segment, worldwide revenues for the quarter were $576 million, representing
an increase of 1.7 percent compared with the prior-year period, or 2.0 percent on a foreign
currency-neutral basis. Economic pressures in the U.S., resulting in reduced
physician office visits, and reduced diagnostic volumes in Europe were the primary headwinds in the quarter. The comparison to prior year is also
negatively impacted by 1.6 percentage points due to the H1N1 flu pandemic in fiscal year 2009. For the
nine-month period ended June 30, 2010, BD Diagnostics revenues increased 4.9 percent, or 4.3
percent on a foreign currency-neutral basis.
In the BD Biosciences segment, worldwide revenues for the quarter were $309 million, representing
an increase of 8.4 percent compared with the prior-year period. Revenues increased 11.6 percent on
a foreign currency-neutral basis, primarily driven by cell analysis
instrument and reagent sales in the U.S., supplemental funding in Japan and a favorable comparison versus the prior-year period. For the
nine-month period ended June 30, 2010, BD Biosciences revenues increased 4.7 percent, or 7.3
percent on a foreign currency-neutral basis.
Geographic Results
Third quarter revenues in the U.S. were $830 million, representing an increase of 3.0 percent from
the prior-year period. Revenues outside of the U.S. were $1.049 billion, representing an increase
of 3.3 percent compared with the prior-year period, or 4.6 percent on a foreign currency-neutral
basis. Revenues reflected continuing strength in emerging markets, which was offset by slower
growth in Europe. For the nine-month period ended June 30, 2010, revenues in the U.S. were $2.513
billion, representing an increase of 6.3 percent compared with the prior-year period. Revenues
outside of the U.S. were $3.127 billion, representing an increase of 7.9 percent compared with the
prior-year period, or 6.7 percent on a foreign currency-neutral basis.
Fiscal 2010 Outlook
We expect reported revenues for the full year fiscal 2010 to increase approximately 5 percent,
which is one percentage point less than previously communicated guidance, mainly driven by a weaker
Euro and overall lower lab testing in the U.S. On a foreign currency-neutral basis, we expect
revenues to increase 5 to 6 percent, as compared to our previously communicated guidance of about 6
percent, reflecting the lower lab testing and hospital demand.
We also expect reported diluted earnings per share from continuing operations for the full year
fiscal 2010 to increase about 3 percent from $4.92 in fiscal year 2009. Excluding the
aforementioned charge of $0.04 related to healthcare reform impacting Medicare Part D
reimbursements, we expect diluted earnings per share from continuing operations for the full year
fiscal 2010 will increase 3 to 4 percent, or about 9 percent on a foreign currency-neutral basis,
which is in line with our previously communicated guidance. This is compared with adjusted diluted
earnings per share from continuing operations, excluding the litigation charge of $0.11 and the tax
benefit adjustment of $0.08, of $4.95 for fiscal year 2009.
Conference Call Information
A conference call regarding BDs third quarter results and its expectations for the full fiscal
year will be broadcast live on BDs website, www.bd.com/investors, along with related slides, at
10:00 a.m. (ET) Thursday, July 29, 2010. The conference call will be available for replay on BDs
website, www.bd.com/investors, or at 1-800-642-1687 (domestic) and 1-706-645-9291 (international)
through the close of business on Thursday, August 5, 2010, access code 85449987.
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
and the Form 8-K that BD filed today with the SEC.
About BD
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 peoples 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. BDs capabilities are instrumental in combating many of the worlds 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 2010 Outlook, contains certain
estimates and other forward-looking statements (as defined under Federal securities laws) regarding
BDs 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: the unknown consequences of the recently-enacted
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; adverse changes in regional,
national or foreign economic conditions, including any impact that may result from the current
global economic downturn on our
ability to access credit markets and finance our operations, the demand for our products and
services, or our suppliers ability to provide products needed for our operations; changes in
interest or foreign currency exchange rates; competitive factors; pricing and market share
pressures; 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 BDs
products; fluctuations in costs and availability of raw materials and in BDs ability to maintain
favorable supplier arrangements and relationships; uncertainties of litigation (as described in
BDs 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; our ability to successfully integrate any businesses we
acquire; and issuance of new or revised accounting standards, as well as other factors discussed in
BDs 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.
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
Three Months Ended June 30, | ||||||||||||
2010 | 2009 | % Change | ||||||||||
REVENUES |
$ | 1,878,229 | $ | 1,820,255 | 3.2 | |||||||
Cost of products sold |
905,822 | 860,063 | 5.3 | |||||||||
Selling and administrative |
423,684 | 429,940 | (1.5 | ) | ||||||||
Research and development |
108,623 | 98,489 | 10.3 | |||||||||
TOTAL OPERATING COSTS
AND EXPENSES |
1,438,129 | 1,388,492 | 3.6 | |||||||||
OPERATING INCOME |
440,100 | 431,763 | 1.9 | |||||||||
Interest income |
2,094 | 12,767 | (83.6 | ) | ||||||||
Interest expense |
(13,085 | ) | (11,288 | ) | 15.9 | |||||||
Other income (expense), net |
1,348 | (4,247 | ) | NM | ||||||||
INCOME FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES |
430,457 | 428,995 | 0.3 | |||||||||
Income tax provision |
124,174 | 90,291 | 37.5 | |||||||||
INCOME FROM CONTINUING OPERATIONS |
306,283 | 338,704 | (9.6 | ) | ||||||||
INCOME FROM DISCONTINUED OPERATIONS
NET OF INCOME TAX (BENEFIT) PROVISION OF
$(619) AND $214, RESPECTIVELY |
625 | 2,323 | (73.1 | ) | ||||||||
NET INCOME |
$ | 306,908 | $ | 341,027 | (10.0 | ) | ||||||
EARNINGS PER SHARE |
||||||||||||
Basic: |
||||||||||||
Income from continuing operations |
$ | 1.31 | $ | 1.41 | (7.1 | ) | ||||||
Income from discontinued operations |
$ | 0.00 | $ | 0.01 | NM | |||||||
Net income (1) |
$ | 1.32 | $ | 1.42 | (7.0 | ) | ||||||
Diluted: |
||||||||||||
Income from continuing operations |
$ | 1.29 | $ | 1.38 | (6.5 | ) | ||||||
Income from discontinued operations |
$ | 0.00 | $ | 0.01 | NM | |||||||
Net income |
$ | 1.29 | $ | 1.39 | (7.2 | ) | ||||||
AVERAGE SHARES OUTSTANDING |
||||||||||||
Basic |
233,242 | 240,109 | ||||||||||
Diluted |
238,319 | 245,696 | ||||||||||
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)
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
Nine Months Ended June 30, | ||||||||||||
2010 | 2009 | % Change | ||||||||||
REVENUES |
$ | 5,639,857 | $ | 5,263,141 | 7.2 | |||||||
Cost of products sold |
2,712,259 | 2,485,687 | 9.1 | |||||||||
Selling and administrative |
1,300,958 | 1,272,318 | 2.3 | |||||||||
Research and development |
310,025 | 294,391 | 5.3 | |||||||||
TOTAL OPERATING COSTS
AND EXPENSES |
4,323,242 | 4,052,396 | 6.7 | |||||||||
OPERATING INCOME |
1,316,615 | 1,210,745 | 8.7 | |||||||||
Interest income |
20,535 | 18,730 | 9.6 | |||||||||
Interest expense |
(38,985 | ) | (26,607 | ) | 46.5 | |||||||
Other expense, net |
(843 | ) | (538 | ) | 56.7 | |||||||
INCOME FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES |
1,297,322 | 1,202,330 | 7.9 | |||||||||
Income tax provision |
377,336 | 295,033 | 27.9 | |||||||||
INCOME FROM CONTINUING OPERATIONS |
919,986 | 907,297 | 1.4 | |||||||||
INCOME FROM DISCONTINUED OPERATIONS
NET OF INCOME TAX (BENEFIT) PROVISION OF
$(519) AND $1,681, RESPECTIVELY |
929 | 7,086 | (86.9 | ) | ||||||||
NET INCOME |
$ | 920,915 | $ | 914,383 | 0.7 | |||||||
EARNINGS PER SHARE |
||||||||||||
Basic: |
||||||||||||
Income from continuing operations |
$ | 3.91 | $ | 3.77 | 3.7 | |||||||
Income from discontinued operations |
$ | 0.00 | $ | 0.03 | NM | |||||||
Net income |
$ | 3.91 | $ | 3.80 | 2.9 | |||||||
Diluted: |
||||||||||||
Income from continuing operations |
$ | 3.81 | $ | 3.67 | 3.8 | |||||||
Income from discontinued operations |
$ | 0.00 | $ | 0.03 | NM | |||||||
Net income (1) |
$ | 3.82 | $ | 3.70 | 3.2 | |||||||
AVERAGE SHARES OUTSTANDING |
||||||||||||
Basic |
235,316 | 240,923 | ||||||||||
Diluted |
241,151 | 247,083 | ||||||||||
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)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
Three Months Ended June 30, | ||||||||||||
2010 | 2009 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
United States |
$ | 401,965 | $ | 397,898 | 1.0 | |||||||
International |
590,875 | 570,773 | 3.5 | |||||||||
TOTAL |
$ | 992,840 | $ | 968,671 | 2.5 | |||||||
BD DIAGNOSTICS |
||||||||||||
United States |
$ | 303,521 | $ | 299,374 | 1.4 | |||||||
International |
272,748 | 267,005 | 2.2 | |||||||||
TOTAL |
$ | 576,269 | $ | 566,379 | 1.7 | |||||||
BD BIOSCIENCES |
||||||||||||
United States |
$ | 124,146 | $ | 108,136 | 14.8 | |||||||
International |
184,974 | 177,069 | 4.5 | |||||||||
TOTAL |
$ | 309,120 | $ | 285,205 | 8.4 | |||||||
TOTAL REVENUES |
||||||||||||
United States |
$ | 829,632 | $ | 805,408 | 3.0 | |||||||
International |
1,048,597 | 1,014,847 | 3.3 | |||||||||
TOTAL |
$ | 1,878,229 | $ | 1,820,255 | 3.2 | |||||||
Page 3
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
Nine Months Ended June 30, | ||||||||||||
2010 | 2009 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
United States |
$ | 1,254,592 | $ | 1,167,062 | 7.5 | |||||||
International |
1,723,954 | 1,558,285 | 10.6 | |||||||||
TOTAL |
$ | 2,978,546 | $ | 2,725,347 | 9.3 | |||||||
BD DIAGNOSTICS |
||||||||||||
United States |
$ | 906,566 | $ | 872,055 | 4.0 | |||||||
International |
820,849 | 774,156 | 6.0 | |||||||||
TOTAL |
$ | 1,727,415 | $ | 1,646,211 | 4.9 | |||||||
BD BIOSCIENCES |
||||||||||||
United States |
$ | 351,933 | $ | 325,926 | 8.0 | |||||||
International |
581,963 | 565,657 | 2.9 | |||||||||
TOTAL |
$ | 933,896 | $ | 891,583 | 4.7 | |||||||
TOTAL REVENUES |
||||||||||||
United States |
$ | 2,513,091 | $ | 2,365,043 | 6.3 | |||||||
International |
3,126,766 | 2,898,098 | 7.9 | |||||||||
TOTAL |
$ | 5,639,857 | $ | 5,263,141 | 7.2 | |||||||
Page 4
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30,
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30,
(Unaudited; Amounts in thousands)
United States | ||||||||||||
2010 | 2009 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
Medical Surgical Systems |
$ | 252,438 | $ | 256,171 | (1.5 | ) | ||||||
Diabetes Care |
96,071 | 91,330 | 5.2 | |||||||||
Pharmaceutical Systems |
45,824 | 43,460 | 5.4 | |||||||||
Ophthalmic Systems |
7,632 | 6,937 | 10.0 | |||||||||
TOTAL |
$ | 401,965 | $ | 397,898 | 1.0 | |||||||
BD DIAGNOSTICS |
||||||||||||
Preanalytical Systems |
$ | 159,228 | $ | 155,760 | 2.2 | |||||||
Diagnostic Systems |
144,293 | 143,614 | 0.5 | |||||||||
TOTAL |
$ | 303,521 | $ | 299,374 | 1.4 | |||||||
BD BIOSCIENCES |
||||||||||||
Cell Analysis |
$ | 84,365 | $ | 70,518 | 19.6 | |||||||
Discovery Labware |
39,781 | 37,618 | 5.7 | |||||||||
TOTAL |
$ | 124,146 | $ | 108,136 | 14.8 | |||||||
TOTAL UNITED STATES |
$ | 829,632 | $ | 805,408 | 3.0 | |||||||
Page 5
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
International | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2010 | 2009 | Reported | FXN | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 267,461 | $ | 242,701 | 10.2 | 7.4 | 2.8 | |||||||||||||
Diabetes Care |
101,081 | 94,521 | 6.9 | 7.2 | (0.3 | ) | ||||||||||||||
Pharmaceutical Systems |
208,993 | 220,503 | (5.2 | ) | (1.6 | ) | (3.6 | ) | ||||||||||||
Ophthalmic Systems |
13,340 | 13,048 | 2.2 | 7.1 | (4.9 | ) | ||||||||||||||
TOTAL |
$ | 590,875 | $ | 570,773 | 3.5 | 3.9 | (0.4 | ) | ||||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 144,298 | $ | 136,427 | 5.8 | 5.9 | (0.1 | ) | ||||||||||||
Diagnostic Systems |
128,450 | 130,578 | (1.6 | ) | (0.5 | ) | (1.1 | ) | ||||||||||||
TOTAL |
$ | 272,748 | $ | 267,005 | 2.2 | 2.7 | (0.5 | ) | ||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 146,068 | $ | 139,251 | 4.9 | 10.5 | (5.6 | ) | ||||||||||||
Discovery Labware |
38,906 | 37,818 | 2.9 | 6.8 | (3.9 | ) | ||||||||||||||
TOTAL |
$ | 184,974 | $ | 177,069 | 4.5 | 9.7 | (5.2 | ) | ||||||||||||
TOTAL INTERNATIONAL |
$ | 1,048,597 | $ | 1,014,847 | 3.3 | 4.6 | (1.3 | ) | ||||||||||||
Page 6
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
Total | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2010 | 2009 | Reported | FXN | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 519,899 | $ | 498,872 | 4.2 | 2.8 | 1.4 | |||||||||||||
Diabetes Care |
197,152 | 185,851 | 6.1 | 6.2 | (0.1 | ) | ||||||||||||||
Pharmaceutical Systems |
254,817 | 263,963 | (3.5 | ) | (0.4 | ) | (3.1 | ) | ||||||||||||
Ophthalmic Systems |
20,972 | 19,985 | 4.9 | 8.1 | (3.2 | ) | ||||||||||||||
TOTAL |
$ | 992,840 | $ | 968,671 | 2.5 | 2.7 | (0.2 | ) | ||||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 303,526 | $ | 292,187 | 3.9 | 3.9 | | |||||||||||||
Diagnostic Systems |
272,743 | 274,192 | (0.5 | ) | | (0.5 | ) | |||||||||||||
TOTAL |
$ | 576,269 | $ | 566,379 | 1.7 | 2.0 | (0.3 | ) | ||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 230,433 | $ | 209,769 | 9.9 | 13.6 | (3.7 | ) | ||||||||||||
Discovery Labware |
78,687 | 75,436 | 4.3 | 6.3 | (2.0 | ) | ||||||||||||||
TOTAL |
$ | 309,120 | $ | 285,205 | 8.4 | 11.6 | (3.2 | ) | ||||||||||||
TOTAL REVENUES |
$ | 1,878,229 | $ | 1,820,255 | 3.2 | 3.9 | (0.7 | ) | ||||||||||||
Page 7
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30,
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30,
(Unaudited; Amounts in thousands)
United States | ||||||||||||
2010 | 2009 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
Medical Surgical Systems |
$ | 787,574 | $ | 754,776 | 4.3 | |||||||
Diabetes Care |
285,150 | 263,028 | 8.4 | |||||||||
Pharmaceutical Systems |
159,923 | 129,177 | 23.8 | |||||||||
Ophthalmic Systems |
21,945 | 20,081 | 9.3 | |||||||||
TOTAL |
$ | 1,254,592 | $ | 1,167,062 | 7.5 | |||||||
BD DIAGNOSTICS |
||||||||||||
Preanalytical Systems |
$ | 465,395 | $ | 452,426 | 2.9 | |||||||
Diagnostic Systems |
441,171 | 419,629 | 5.1 | |||||||||
TOTAL |
$ | 906,566 | $ | 872,055 | 4.0 | |||||||
BD BIOSCIENCES |
||||||||||||
Cell Analysis |
$ | 240,152 | $ | 219,668 | 9.3 | |||||||
Discovery Labware |
111,781 | 106,258 | 5.2 | |||||||||
TOTAL |
$ | 351,933 | $ | 325,926 | 8.0 | |||||||
TOTAL UNITED STATES |
$ | 2,513,091 | $ | 2,365,043 | 6.3 | |||||||
Page 8
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
International | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2010 | 2009 | Reported | FX Neutral | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 798,440 | $ | 697,178 | 14.5 | 9.7 | 4.8 | |||||||||||||
Diabetes Care |
301,508 | 271,221 | 11.2 | 8.1 | 3.1 | |||||||||||||||
Pharmaceutical Systems |
583,251 | 550,718 | 5.9 | 5.0 | 0.9 | |||||||||||||||
Ophthalmic Systems |
40,755 | 39,168 | 4.1 | 5.3 | (1.2 | ) | ||||||||||||||
TOTAL |
$ | 1,723,954 | $ | 1,558,285 | 10.6 | 7.6 | 3.0 | |||||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 425,967 | $ | 396,380 | 7.5 | 5.3 | 2.2 | |||||||||||||
Diagnostic Systems |
394,882 | 377,776 | 4.5 | 3.9 | 0.6 | |||||||||||||||
TOTAL |
$ | 820,849 | $ | 774,156 | 6.0 | 4.6 | 1.4 | |||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 464,091 | $ | 450,615 | 3.0 | 7.1 | (4.1 | ) | ||||||||||||
Discovery Labware |
117,872 | 115,042 | 2.5 | 5.8 | (3.3 | ) | ||||||||||||||
TOTAL |
$ | 581,963 | $ | 565,657 | 2.9 | 6.8 | (3.9 | ) | ||||||||||||
TOTAL INTERNATIONAL |
$ | 3,126,766 | $ | 2,898,098 | 7.9 | 6.7 | 1.2 | |||||||||||||
Page 9
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
Total | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2010 | 2009 | Reported | FX Neutral | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 1,586,014 | $ | 1,451,954 | 9.2 | 6.9 | 2.3 | |||||||||||||
Diabetes Care |
586,658 | 534,249 | 9.8 | 8.2 | 1.6 | |||||||||||||||
Pharmaceutical Systems |
743,174 | 679,895 | 9.3 | 8.5 | 0.8 | |||||||||||||||
Ophthalmic Systems |
62,700 | 59,249 | 5.8 | 6.6 | (0.8 | ) | ||||||||||||||
TOTAL |
$ | 2,978,546 | $ | 2,725,347 | 9.3 | 7.6 | 1.7 | |||||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 891,362 | $ | 848,806 | 5.0 | 4.0 | 1.0 | |||||||||||||
Diagnostic Systems |
836,053 | 797,405 | 4.8 | 4.5 | 0.3 | |||||||||||||||
TOTAL |
$ | 1,727,415 | $ | 1,646,211 | 4.9 | 4.3 | 0.6 | |||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 704,243 | $ | 670,283 | 5.1 | 7.8 | (2.7 | ) | ||||||||||||
Discovery Labware |
229,653 | 221,300 | 3.8 | 5.5 | (1.7 | ) | ||||||||||||||
TOTAL |
$ | 933,896 | $ | 891,583 | 4.7 | 7.3 | (2.6 | ) | ||||||||||||
TOTAL REVENUES |
$ | 5,639,857 | $ | 5,263,141 | 7.2 | 6.5 | 0.7 | |||||||||||||
Page 10
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
SAFETY REVENUES
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
SAFETY REVENUES
(Unaudited; Amounts in thousands)
Three Months Ended June 30, | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2010 | 2009 | Reported | FXN | FX Impact | ||||||||||||||||
TOTAL SAFETY REVENUES |
||||||||||||||||||||
United States |
$ | 277,005 | $ | 272,719 | 1.6 | 1.6 | | |||||||||||||
International |
158,764 | 148,970 | 6.6 | 6.5 | 0.1 | |||||||||||||||
TOTAL |
$ | 435,769 | $ | 421,689 | 3.3 | 3.3 | | |||||||||||||
BY SEGMENT |
||||||||||||||||||||
BD Medical |
$ | 202,714 | $ | 198,642 | 2.0 | 1.8 | 0.2 | |||||||||||||
BD Diagnostics |
233,055 | 223,047 | 4.5 | 4.7 | (0.2 | ) | ||||||||||||||
TOTAL |
$ | 435,769 | $ | 421,689 | 3.3 | 3.3 | | |||||||||||||
Nine Months Ended June 30, | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2010 | 2009 | Reported | FXN | FX Impact | ||||||||||||||||
TOTAL SAFETY REVENUES |
||||||||||||||||||||
United States |
$ | 844,036 | $ | 796,714 | 5.9 | 5.9 | | |||||||||||||
International |
464,254 | 419,768 | 10.6 | 7.9 | 2.7 | |||||||||||||||
TOTAL |
$ | 1,308,290 | $ | 1,216,482 | 7.5 | 6.6 | 0.9 | |||||||||||||
BY SEGMENT |
||||||||||||||||||||
BD Medical |
$ | 631,572 | $ | 574,984 | 9.8 | 8.7 | 1.1 | |||||||||||||
BD Diagnostics |
676,718 | 641,498 | 5.5 | 4.7 | 0.8 | |||||||||||||||
TOTAL |
$ | 1,308,290 | $ | 1,216,482 | 7.5 | 6.6 | 0.9 | |||||||||||||
Page 11