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Becton Dickinson (BDX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
Becton Dickinson (BDX) reported revenue of $5.3B for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +2% from the quarter before. Operating margin was 10.4%, net earnings $308M (5.8% of revenue).
Becton Dickinson, Q2 FY25: revenue $5.3B (+4% year over year), operating margin 10.4%, net earnings $308M, operating cash flow $164M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3B | +2% | +4% |
| Operating profit | $546M | +21% | -26% |
| Net earnings | $308M | +2% | -43% |
| Operating cash flow | $164M | -76% | -68% |
| Free cash flow | $35.0M | -94% | -91% |
What changed
Revenue was $5.3B in Q2 FY25, up 4% year over year and up 2% from the previous quarter.
Operating profit was $0.55B, a 10.4% margin (down 4.2 points year over year). Operating profit fell $0.19B even though revenue rose $0.23B versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+74%). Net earnings were $0.31B, down 43% year over year. The effective tax rate was 15.2%.
Operating cash flow was $0.16B (down 68% year over year), 53% of net earnings. Non-cash charges added back $0.57B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.77B. Capital expenditures of $0.13B left free cash flow of $0.04B.
Questions
What was Becton Dickinson's revenue in the second quarter fiscal 2025?
Becton Dickinson (BDX) reported revenue of $5.3B for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +2% from the quarter before.
Was Becton Dickinson profitable in the second quarter fiscal 2025?
Operating profit was $546M (10.4% of revenue) and net earnings $308M.
Source: Becton Dickinson 10-Q on SEC EDGAR.