C.R. Bard Earns $2.15 per Share

CR Bard ($BCR) just reported Q3 earnings of $2.15 per share. The company told us to expect earnings to range between $2.07 and $2.11 per share.

C. R. Bard, Inc. today reported 2014 third quarter financial results. Third quarter 2014 net sales were $830.0 million, an increase of 9 percent over the prior-year period on both an as reported and constant currency basis.

For the third quarter 2014, net sales in the U.S. were $565.4 million, an increase of 13 percent over the prior-year period. Net sales outside the U.S. were $264.6 million, an increase of 3 percent over the prior-year period on a reported basis. Excluding the impact of foreign exchange, third quarter 2014 net sales outside the U.S. increased 1 percent over the prior-year period.

For the third quarter 2014, net income was $131.3 million and diluted earnings per share were $1.69, an increase of 41 percent and 47 percent, respectively, as compared to third quarter 2013 results. Adjusting for items that affect comparability of results between periods as detailed in the tables below, third quarter 2014 net income was $149.2 million and diluted earnings per share, after adjusting for certain items that affect comparability between periods and excluding amortization of intangibles, were $2.15, an increase of 22 percent and 28 percent, respectively, as compared to third quarter 2013 results.

Timothy M. Ring, chairman and chief executive officer, commented, “We are pleased this quarter with the continued execution of our strategic investment plan that we announced at the beginning of 2013. We said at the time that we expected the investments to begin generating returns in the back half of 2014, and that is happening. We continue to focus on executing our plan with the objective of improving revenue growth and profitability.”

Posted by on October 22nd, 2014 at 4:29 pm


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