BDX Q1 2024: Retained Earnings Up, Treasury Stock Activity Noted

Ticker: BDX · Form: 10-Q · Filed: 2024-02-01T00:00:00.000Z

Sentiment: neutral

Topics: earnings, equity, financial-reporting

TL;DR

**BDX's Q1 shows solid retained earnings growth and active treasury stock management.**

AI Summary

Becton Dickinson & Co. (BDX) filed its 10-Q for the quarter ending December 31, 2023, showing changes in its equity structure. The company's retained earnings increased during the quarter, while treasury stock also saw activity. For investors, understanding these movements in equity accounts is crucial as they reflect how the company is managing its profits and share repurchases, which can impact shareholder value and future financial flexibility.

Why It Matters

Changes in retained earnings indicate profitability and capital retention, while treasury stock movements reflect share repurchase programs that can boost earnings per share.

Risk Assessment

Risk Level: low — The filing primarily details equity account changes, which are generally less volatile than operational risks, indicating stable financial reporting.

Analyst Insight

Investors should review the full financial statements when available to understand the magnitude of changes in retained earnings and treasury stock, and how these impact overall shareholder equity and future capital allocation strategies.

Key Players & Entities

FAQ

What is the reporting period covered by this 10-Q filing?

This 10-Q filing covers the period from October 1, 2023, to December 31, 2023, as indicated by the 'CONFORMED PERIOD OF REPORT: 20231231' and '2023-10-01 2023-12-31' tags.

When was this 10-Q filing officially submitted to the SEC?

The 10-Q was filed as of February 1, 2024, which is stated as 'FILED AS OF DATE: 20240201'.

What is Becton Dickinson & Co.'s Central Index Key (CIK)?

Becton Dickinson & Co.'s Central Index Key (CIK) is 0000010795, as specified in the 'CENTRAL INDEX KEY: 0000010795' field.

What is the company's fiscal year end?

The company's fiscal year end is September 30, as stated in 'FISCAL YEAR END: 0930'.

What type of industry is Becton Dickinson & Co. classified under?

Becton Dickinson & Co. is classified under 'SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]', according to its Standard Industrial Classification.

From the Filing

0000010795-24-000019.txt : 20240201 0000010795-24-000019.hdr.sgml : 20240201 20240201163510 ACCESSION NUMBER: 0000010795-24-000019 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BECTON DICKINSON & CO CENTRAL INDEX KEY: 0000010795 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 220760120 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-04802 FILM NUMBER: 24587464 BUSINESS ADDRESS: STREET 1: ONE BECTON DR CITY: FRANKLIN LAKES STATE: NJ ZIP: 07417-1880 BUSINESS PHONE: 2018476800 MAIL ADDRESS: STREET 1: ONE BECTON DR CITY: FRANKLIN LAKE STATE: NJ ZIP: 07417 10-Q 1 bdx-20231231.htm 10-Q bdx-20231231 0000010795 9/30 2024 Q1 false 366 364 338 367 0000010795 2023-10-01 2023-12-31 0000010795 exch:XNYS us-gaap:CommonStockMember 2023-10-01 2023-12-31 0000010795 exch:XNYS bdx:Notes1.900dueDecember152026Member 2023-10-01 2023-12-31 0000010795 exch:XNYS bdx:Notes3.020dueMay242025Member 2023-10-01 2023-12-31 0000010795 exch:XNYS bdx:Notes1.208dueJune42026Member 2023-10-01 2023-12-31 0000010795 bdx:Notes1213NotesDueFebruary122036Member exch:XNYS 2023-10-01 2023-12-31 0000010795 bdx:Notes0034DueAugust132025Member exch:XNYS 2023-10-01 2023-12-31 0000010795 2023-12-31 xbrli:shares iso4217:USD 0000010795 2022-10-01 2022-12-31 iso4217:USD xbrli:shares 0000010795 2023-09-30 0000010795 2022-09-30 0000010795 2022-12-31 0000010795 us-gaap:CommonStockMember 2023-09-30 0000010795 us-gaap:AdditionalPaidInCapitalMember 2023-09-30 0000010795 us-gaap:RetainedEarningsMember 2023-09-30 0000010795 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-09-30 0000010795 us-gaap:TreasuryStockCommonMember 2023-09-30 0000010795 us-gaap:RetainedEarningsMember 2023-10-01 2023-12-31 0000010795 us-gaap:AdditionalPaidInCapitalMember 2023-10-01 2023-12-31 0000010795 us-gaap:TreasuryStockCommonMember 2023-10-01 2023-12-31 0000010795 us-gaap:CommonStockMember 2023-12-31 0000010795 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000010795 us-gaap:RetainedEarningsMember 2023-12-31 0000010795 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-12-31 0000010795 us-gaap:TreasuryStockCommonMember 2023-12-31 0000010795 us-gaap:CommonStockMember 2022-09-30 0000010795 us-gaap:AdditionalPaidInCapitalMember 2022-09-30 0000010795 us-gaap:RetainedEarningsMember 2022-09-30 0000010795 us-gaap:DeferredCompensationShareBasedPaymentsMember 2022-09-30 0000010795 us-gaap:TreasuryStockCommonMember 2022-09-30 0000010795 us-gaap:RetainedEarningsMember 2022-10-01 2022-12-31 0000010795 us-gaap:AdditionalPaidInCapitalMember 2022-10-01 2022-12-31 0000010795 us-gaap:TreasuryStockCommonMember 2022-10-01 2022-12-31 0000010795 us-gaap:CommonStockMember 2022-12-31 0000010795 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000010795 us-gaap:RetainedEarningsMember 2022-12-31 0000010795 us-gaap:DeferredCompensationShareBasedPaymentsMember 2022-12-31 0000010795 us-gaap:TreasuryStockCommonMember 2022-12-31 0000010795 bdx:AcceleratedShareRepurchaseProgramMember 2023-10-01 2023-12-31 0000010795 bdx:AcceleratedShareRepurchaseProgramMember 2023-12-31 xbrli:pure 0000010795 2021-11-03 0000010795 us-gaap:AccumulatedTranslationAdjustmentMember 2023-09-30 0000010795 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-09-30 0000010795 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-09-30 0000010795 us-gaap:AccumulatedTranslationAdjustmentMember 2023-10-01 2023-12-31 0000010795 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-10-01 2023-12-31 0000010795 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-10-01 2023-12-31 0000010795 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000010795 us-gaap:AccumulatedDefinedBenefitPlansAdjustmen

View on Read The Filing