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Home > Fortune 500 Companies > Becton, Dickinson
Becton, Dickinson
Becton, Dickinson is a publicly traded company having a good stock performance result. Becton, Dickinson is a fortune 500 stock listed company trading under BDX.
Maxwell W. Becton and Fairleigh S. Dickinson met on a sales trip in 1897. Months later, they decided to go into business together, sealing their partnership with a handshake. They named their medical device import company Becton, Dickinson and Company. In, 1962 to raise the huge amounts of capital required introducing sterile disposable products; BD became a publicly held corporation, offering its stock at 25 dollars a share. Sales were 54 million dollars and net income was 3 million dollars. The company has 3 segments which are Medical, Diagnostics, and Biosciences.
In November 28, 2000 Becton, Dickinson Company announced Mr. James F. Orr as a president of Becton, Dickinson Company.
The Company achieved its financial and operating goals and showed solid improvement over 2004. Company revenues grew nearly 10 percent overall to 5.4 billion dollar, with contributions from all 3 segments and every region. The company’s adjusted gross profit margin increased 80 basis points to 51.0 percent, continuing a trend of gross profit improvement over the last several years. Overall productivity was powered by continuous improvement activities including Six Sigma, Lean and Process Validation across the Company. Significant productivity improvements and successful category management more than overcame substantial raw material price increases, primarily affecting petroleum-based resins, during the year. Greater forecast accuracy and continued efforts from operations resulted in a 40 percent decrease in backorders, leading to improved customer service. At the end of year 2000 BD reported total revenues of 3.6 billion. In 2005 it generated over 1.2 billion dollars in operating cash flow and its inventory turns improved. The company repurchased 9.7 million common shares for 550 million dollars and paid dividends of 182 million dollars. The returns given to shareholders were 60 percent of operating cash flow.
Goal of Becton, Dickinson Company is to become the organization most known for eliminating unnecessary suffering and death from disease, and in so doing. The company continues to strengthen its commitment to providing an inclusive and engaging work environment. Their global Diversity Inclusion Guiding Coalition is leading the creation of a cultural climate that embraces diversity inclusion as an enabler to innovation and achieving business objectives.
The company’s balance sheet remains strong and liquid, placing it in a good position for future strategic investments. It has become one of the best performing companies in the world.
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