Becton Dickinson (BDX) is targeting long-term compound annual revenue growth of 5.5%
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EPS Growth %: +2.8%
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Revenues: 3.23B
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BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, will begin its Investor Day at 8 a.m. ET today to share how it plans to leverage the breadth and depth of its core portfolio to fuel a new wave of growth through transformative solutions that can help reinvent health care. These innovations are aligned to three irreversible forces shaping the future of the industry: smart connected care, the transition to new care settings and improved chronic disease outcomes.
"Our BD 2025 strategy focuses on three pillars of Grow, Simplify and Empower that serve as our 'true north' for delivering value to all stakeholders," said Tom Polen, chairman, chief executive officer and president of BD. "Since launching our strategy in 2020, we've made significant progress and taken a series of bold actions to accelerate growth through a focus on organic innovation, geographic expansion and tuck-in M&A. These actions and our simplification initiatives have enabled BD to shift more of our investments toward innovations that align with the three irreversible forces where BD is uniquely positioned to drive better outcomes for patients and providers across the globe. Growth through innovation, expanding margins and a balanced capital deployment strategy are key tenets in our BD 2025 strategy that we believe will drive long-term shareholder value."
BD Investor Day Preview
The company is targeting long-term compound annual revenue growth of 5.5% or more with margin leverage to achieve double-digit EPS growth and a consistently increasing dividend. The event will highlight how BD plans to achieve these long-term targets through:
- Strengthening BD's growth profile through organic and inorganic investments in innovation programs.
- Reshaping the innovation pipeline to focus on investments in products and solutions with higher growth and higher margins, including a continued focus on tuck-in M&A.
- Expanding simplification programs to increase margins to above pre-pandemic levels.
- Disciplined capital deployment strategies that will balance long-term growth investments with returning capital to shareholders.
Today's event and presentations are accessible via the Investor page on bd.com. A replay of the event, along with accompanying presentations and additional content, will be archived on the website following its conclusion.
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