Becton, Dickinson and Company

BDX
Sector

Healthcare

Industry

Medical Instruments & Supplies

Market Cap

$64.79B

Employees

74K

Company Overview

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.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Q3 2024 revenues increased by 2.3% year-over-year to $4.990 billion, with a 4.9% increase from volume/other, partially offset by a 0.9% decrease from the sale of the Surgical Instrumentation platform, a 0.3% increase from pricing, and a 0.6% decrease from foreign currency translation, and a 1.4% decrease from acquisitions and other.

Gross profit margin increased to 46.2% in Q3 2024, compared to 43.1% in Q3 2023, primarily due to a favorable comparison to specified items recorded in the prior-year period, which included a $90 million charge, and lower manufacturing costs.

Selling and administrative expenses decreased to 24.0% of revenues in Q3 2024 compared to 24.4% in Q3 2023, and research and development expenses decreased to 6.0% of revenues in Q3 2024 compared to 6.3% in Q3 2023.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights