Sector: Healthcare|Industry: Medical Instruments & Supplies|Market Cap: $64.79B|Employees: 74K
Becton, Dickinson and Company (BD) is a global medical technology company focused on developing, manufacturing, and selling a wide range of medical supplies, devices, laboratory equipment, and diagnostic products. BD's core business model centers around providing customer solutions for medication management, infection prevention, surgical procedures, drug delivery, and disease diagnosis. The company operates in key markets worldwide, including the United States, Europe, Greater Asia, and Latin America.
Worldwide revenues increased 4.6% year-over-year to $5.045 billion, driven by a 5.0% increase from volume/other and a 0.6% increase from pricing, partially offset by a 0.1% decrease from foreign currency translation.
Gross profit margin decreased to 45.7% from 46.4% in the prior year period, primarily due to unfavorable impacts of higher raw material and labor costs and foreign currency translation.
Net income increased to $537 million from $460 million in the prior year period, but diluted earnings per share decreased to $1.85 from $1.53 due to unfavorable impacts from specified items and foreign currency translation.