Becton, Dickinson and Company Q1 Earnings Call Highlights

• BD closed the Waters transaction and volition person a $4 billion currency distribution, which absorption plans to deploy arsenic $2 billion for accelerated stock repurchases and $2 billion to wage down debt; nett leverage ended the 4th astatine 2.9x with a long‑term people of 2.5x.

• Q1 results bushed expectations with full gross of $5.3 billion (new BD +2.5%) and adjusted EPS of $2.91, though EPS was down ~15% year‑over‑year and margins were pressured by tariffs (~170 bps headwind).

• Management maintained fiscal 2026 guidance for debased single‑digit gross maturation and adjusted EPS of $12.35 to $12.65, portion informing of ongoing headwinds from China, vaccines and Alaris and a multi‑hundred‑basis‑point tariff impact.

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Becton, Dickinson and Company (NYSE:BDX) reported archetypal fiscal 4th 2026 results that absorption said were stronger than expected, portion besides highlighting the completion of its antecedently announced operation of its Life Sciences concern with Waters done a Reverse Morris Trust transaction.

BD posted full gross of $5.3 billion, up 0.4% twelvemonth implicit twelvemonth connected an FX-neutral basis. Management said “new BD” grew 2.5%, with broad-based maturation crossed astir of the portfolio, partially offset by headwinds successful areas absorption characterized arsenic astir 10% of the business, including Alaris, vaccines successful China, and China marketplace dynamics.

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Chairman, CEO and President Tom Polen said the 4th reflected “disciplined execution,” including accelerated commercialized initiatives and spot successful respective maturation platforms. He cited double-digit maturation successful biologic cause delivery, PureWick, precocious insubstantial regeneration, pharmacy automation, and precocious single-digit maturation successful precocious diligent monitoring (APM).

On profitability, BD reported an adjusted gross borderline of 53.4% and adjusted EPS of $2.91, some up of management’s expectations. Interim CFO Vitor Roque said adjusted EPS was down 15.2% twelvemonth implicit year, driven chiefly by tariffs.

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Roque provided item connected show crossed the company’s recast conception structure, which began October 1 and includes Medical Essentials, Connected Care, Biopharma Systems, Interventional, and Life Sciences (with the Life Sciences concern expected to beryllium treated arsenic discontinued operations for the afloat twelvemonth pursuing the Waters transaction close).