![Becton Dickinson & Co [BDX] reports quarterly net loss of $537 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FBDX.png&w=1200&q=75)
BECTON DICKINSON & CO [BDX] has reported a net loss of $537 million for quarter ended Sep 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the quarter was $5 billion
Based in Franklin Lakes, New Jersey, BECTON DICKINSON & CO operates in the MANUFACTURING sector.
In the 3 months ended March 31, 2024, the company reported revenues of $5.045 billion, showing an increase from the previous year's figure of $4.821 billion for the same period. This represents growth in the company's top line performance.
During the same period, the cost of products sold amounted to $2.741 billion, compared to $2.586 billion in the previous year. Selling and administrative expenses were $1.193 billion, slightly lower than the $1.205 billion reported in the corresponding period last year. Research and development expenses decreased to $299 million from $337 million in the previous year.
The company's total operating costs and expenses for the quarter were $4.311 billion, compared to $4.193 billion in the same period last year. Operating income for the current period was $734 million, up from $628 million in the previous year.
Interest expense for the quarter was $125 million, while interest income was $26 million. Other expenses amounted to ($2) million. The income before income taxes for the quarter was $633 million, compared to $529 million in the previous year.
The net income for the quarter ending March 31, 2024, was $537 million, reflecting an increase from the $460 million reported in the same period in the previous year. The basic earnings per share stood at $1.85, compared to $1.54 in the previous year. Diluted earnings per share were $1.85, up from $1.53.
Overall, the company's financial performance has shown growth in revenues, net income, and earnings per share in the current reporting period compared to the same period last year.
Also Read: