Strong Q1 Financial Performance
BD reported 9.6% revenue growth or 3.9% organic growth. Adjusted diluted EPS grew by 28% to $3.43. The company also delivered 370 basis points in adjusted gross margin expansion and 340 basis points in adjusted operating margin expansion.
Significant Shareholder Returns
BD returned over $1 billion to shareholders in Q1, including $300 million in dividends and a $750 million accelerated share buyback.
Launch of New Innovations
BD launched several new innovations, including the next-gen HemoSphere Alta Monitor, new Swan IQ and ForeSight IQ smart sensors, and EU approval for the Phasix resorbable mesh for preventing incisional hernias.
Separation of Biosciences and Diagnostic Solutions
BD announced its intention to separate its Biosciences and Diagnostic Solutions business to create a pure-play MedTech company and a separate Life Sciences Tools & Diagnostics entity.