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Becton Dickinson and Company Reports Operating Results (10-Q)

February 08, 2013 | About:

Becton Dickinson and Company (NYSE:BDX) filed Quarterly Report for the period ended 2012-12-31.

Becton Dickinson & Co has a market cap of $17.12 billion; its shares were traded at around $88.23 with a P/E ratio of 15.9744 and P/S ratio of 2.3223. The dividend yield of Becton Dickinson & Co stocks is 2.09%. Becton Dickinson & Co had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Becton Dickinson & Co the business predictability rank of 4.5-star.

Highlight of Business Operations:

Income from continuing operations and diluted earnings per share from continuing operations for the first quarter of 2013 were $270 million and $1.35, respectively. Income from continuing operations and diluted earnings per share from continuing operations for the prior years first quarter were $249 million and $1.14, respectively. The current quarters earnings reflected an estimated $0.03 favorable impact due to foreign currency translation. The prior periods earnings included an approximate $0.04 tax benefit primarily relating to various tax settlements in multiple jurisdictions.

Accounts receivable balances include sales to government-owned or government-supported healthcare facilities in several countries, which are subject to delays. Payment may be dependent upon the financial stability and creditworthiness of those countries national economies. Deteriorating credit and economic conditions in parts of Western Europe, particularly in Italy and Spain, may continue to increase the average length of time it takes us to collect our accounts receivable in certain regions within these countries. Outstanding governmental receivable balances, net of reserves, in Italy and Spain at December 31, 2012 were $72 million and $44 million, respectively.

Read the The complete Report

About the author:

Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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