Earnings Analysis for BDX: Detailed Overview for the Last Three Years

Revenue Analysis

The Total and Operating Revenue of BDX have shown fluctuations over the observed quarters. The highest revenue BDX reported was $5,087 million in Q3 2023, while the lowest during these periods was $4,621 million in Q1 2023. Gross Profit margins also fluctuated, with the highest being $2,350 million (Q1 2024) and the lowest $2,027 million (Q4 2023), indicating variable profitability over the different quarters.

Cost Management

Cost of Revenue remained high but decreased from $3,386 million in Q3 2023 to $2,741 million in Q1 2024. Operating Expenses showed a downward trend from $1,216 million in Q3 2023 to $1,469 million in Q1 2024. Total Expenses peaked at $4,261 million in Q2 2023 before decreasing to $4,210 million in Q1 2024.

Profitability Analysis

EBITDA ranged from $881 million in Q3 2023 to $1,429 million in Q1 2024, indicating significant improvement. Operating Income also improved from $485 million in Q3 2023 to $835 million in Q1 2024. Pretax Income increased from $181 million in Q3 2023 to $633 million in Q1 2024. Net Income shows a consistent increase from $108 million in Q3 2023 to $537 million in Q1 2024, suggesting growing profitability.

Cash Flow Indicators

Reconciled Depreciation increased gradually from $587 million in Q3 2023 to $571 million in Q1 2024, while Interest Expense decreased from $113 million in Q3 2023 to $125 million in Q1 2024. These figures indicate robust investment in assets and management of financial costs.

Taxation

The Tax Rate showed variations, with the lowest being 0.129 in Q1 2023 and the highest 0.216 in Q4 2023. Tax Provision also ranged widely from $28 million in Q3 2023 to $96 million in Q1 2024. The Tax Effect Of Unusual Items was notably negative, impacting the overall taxation strategy of the company.

Shareholder Metrics

Diluted EPS showed improvement from $0.37 in Q3 2023 to $1.85 in Q1 2024. Similarly, Basic EPS increased from $0.37 in Q3 2023 to $1.85 in Q1 2024. The Diluted and Basic Average Shares remained relatively stable, suggesting a consistent shareholder base. Net Income Available to Common Stockholders was highest at $537 million in Q1 2024.

Conclusion

BDX has shown resilience and an upward trend in profitability, evidenced by substantial improvements in revenue, cost management, and profitability metrics. Despite some fluctuations in tax rates and associated provisions, the company retains strong cash flow indicators and shareholder value metrics. For future quarters, maintaining cost efficiency and leveraging market opportunities to boost operational revenues will be crucial.