Advancing the world of health™

Fiscal Year 2020 BD Impact & Q4 Results

Delivering innovative solutions to drive growth and impact

"I'm extremely proud of the BD team for their execution this quarter, as we delivered sequential improvement across each of our segments and successfully launched our BD Veritor™ SARS- CoV-2 assay. Collectively, we drove mid-single-digit revenue growth, building on the strength of our COVID-19 diagnostics revenues to overcome headwinds from both COVID-19 and Alaris. Looking to fiscal 2021, BD remains focused on partnering with governments, health care systems, and health care professionals to navigate the COVID-19 pandemic, ensure access to rapid diagnostics and enable care for patients around the world. We are aligned on our priorities and steadfast in our commitments, including completing our Alaris 510(k) submission, investing in innovation and strategic growth initiatives, simplifying our processes and empowering our organization."

-Tom Polen, CEO and President

Named to Fortune's Change the World list for the 4th

time in 6 years

Delivering innovation to expand testing capabilities essential for rapid COVID-19 detection

BD Veritor™ Plus System for Rapid

Detection of SARS-CoV-2

Doubling BD Veritor™

Supporting

>10M

readers to1

12,000+

>50,000

U.S. nursing homes

units shipped2

Commitments

Leveraging our global scale

for over

and manufacturing

excellence for vaccination

800M campaign readiness

injection devices3

Supporting global and local

communities by donating

$23.2M

in product and cash through BD and the BD Foundation4

Q4

Revenue growth5 of 4.4%

FY20

Adjusted EPS6 of $2.79

  1. Reflects the number of BD Veritor™ active readers since the launch of the SARS-CoV-2 assay.
  2. For the twelve-month period ended September 30, 2020.
  3. As of November 2020.
  4. For the twelve-month period ended September 30, 2020.
  5. Reflects currency revenue growth for the three-month period ended September 30, 2020 compared to the comparable period in 2019 on a year-over-year basis.
  6. Reflects adjusted non-GAAP earnings per share, which excludes, among other things, the impact of purchase accounting adjustments (including the non-cash amortization of acquisition-related intangible assets); integration, restructuring and transaction costs.

These materials include non-GAAP financial measures. A reconciliation to the comparable GAAP measures can be found in our earnings release and the financial schedules attached thereto. A copy of our earnings release, including the financial schedules, is posted on the "Investors" section of the BD.com website.

This document contains forward-looking statements and it's possible that actual results could differ from our expectations. Factors that could cause such differences appear in our fiscal Q4 2020 earnings release furnished as an exhibit to the Form 8-K that BD filed on November 5, 2020 with the SEC, and in our recent SEC filings.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

BD - Becton, Dickinson and Company published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 13:07:00 UTC