Tariffs and Trade Policy Pressure Margins
Management noted that tariffs have adversely impacted operating expense in Q3 and expects a continued adverse impact for fiscal year 2026 and potentially beyond, primarily from imports with no exemption opportunities. Mitigation efforts include sourcing optimization and tariff exemption claims, though the collectability of related receivables is uncertain.
$450 Million Non-Cash Restructuring Charge
During the nine months ended June 30, 2026, BD recorded a $450 million non-cash asset impairment charge as part of restructuring costs. This charge stemmed from the commitment to exit certain operational activities and projects that no longer align with the new 'Excellence Unleashed' strategy.
Revenue Growth Driven by Volume Across All Segments
Worldwide revenue increased 5.4%, composed of 4.1% volume/other, 0.3% pricing, and 1.0% foreign currency translation. All four segments grew, with Interventional up 6.4% and BioPharma Systems up 6.6% on strength in oncology, GLP-1 delivery, and infection prevention products.