BD (BDX) Q3 2026 Earnings Call Transcript

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DATE

Thursday, Aug. 6, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Senior Vice President, Investor Relations - Shawn Bevec

• Chairman, Chief Executive Officer and President - Tom Polen

• Executive Vice President and Chief Financial Officer - Vitor Roque

Full Conference Call Transcript

Operator: Hello, and invited to BD's Third Fiscal Quarter 2026 Earnings Call. At the petition of BD, today's telephone is being recorded and volition beryllium disposable for replay connected BD's Investor Relations website, investors.bd.com oregon by telephone astatine (800) 688-9445 for home calls and country codification +1 402-220-1371 for planetary calls. [Operator Instructions] I volition present crook the telephone implicit to Shawn Bevec, Senior Vice President, Investor Relations. Please spell ahead.

Shawn Bevec: Good morning, and invited to BD's net call. I'm Shawn Bevec, Senior Vice President of Investor Relations. Thank you for joining us. This telephone is being made disposable via audio webcast astatine bd.com. Earlier this morning, BD released its results for the 3rd 4th of fiscal 2026. The property merchandise and presumption tin beryllium accessed connected the IR website astatine investors.bd.com. Leading today's telephone are Tom Polen, BD's Chairman, Chief Executive Officer and President; and Vitor Roque, Executive Vice President and Chief Financial Officer. Before we get started, I privation to punctual you that we volition beryllium making forward-looking statements.

You tin work the disclaimer successful our net merchandise and the disclosures successful our SEC filings connected our Investor Relations website. Unless different specified, each comparisons volition beryllium made connected a year-on-year ground versus the applicable fiscal period. Revenue percent changes are connected an FX-neutral ground unless different noted. Also, references to adjusted EPS notation to adjusted diluted EPS. Financials discussed present and included successful the net merchandise and 10-Q are presented connected a continuing operations basis. Prior periods person been recast to bespeak the spin-off of our Life Sciences concern successful operation with Waters, which is present accounted for arsenic discontinued operations. Reconciliations betwixt GAAP and non-GAAP measures are included successful the appendices of the net merchandise and presentation.

With that, I volition crook it implicit to Tom.

Thomas Polen: Thank you, Shawn, and bully morning, everyone. We delivered a beardown 3rd 4th with revenue, adjusted operating borderline and adjusted EPS each up of our expectations. This was our archetypal afloat 4th operating arsenic New BD. And much importantly, the prime of this show reflects our much focused portfolio opening to show the maturation and net imaginable we designed it to deliver. Performance was broad-based, reflecting commercialized momentum crossed our cardinal maturation platforms, beardown operational execution and the expanding interaction of BD Excellence. Revenue was $5 billion, up 4.4% with much than 90% of the portfolio delivering precocious single-digit growth.