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Becton Dickinson: 2Q24 Look For Steady Service And Debt Reduction

HEALTHCARE

Becton Dickinson (BDX: Baa2/ BBB / BBB): 2Q24 Preview


Becton Dickinson results are expected to be steady. The company is gradually paying off the debt increase from 2017’s Bard acquisition so look for a continuation of that theme. The Covid bounce (1.9bn Revenue in 2021) has passed but a return to normal service in hospitals is welcome.

  • Revenue expected $5.03b
  • EBITDA expected $1.36b
  • Net Debt expected $14.1b

With ND/EBITDA expected to fall from 3x to 2.2x over the year there could be some upside on ratings in due course.

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