Becton Dickinson (BDX) official guidance

Our adjusted effective tax rate is expected to remain between 16% and 17%.

Given our Q3 performance and continued productivity to BD Excellence, we are increasing the midpoint of our adjusted EPS guidance and updating our range to $12.62-$12.72.

Now, if related to the earnings, if we start on a low-single-digit revenue baseline, we believe a good starting point is to expect like a modest leverage on that earnings, supported by our pricing actions, productivity gains from BD Excellence, and our capital allocation strategy.

We continue to expect adjusted operating margin of approximately 25%, inclusive of the impact of tariffs.

Regarding FY 2027 outlook, I think we have consistently characterized FY 2027 as low-single-digit revenue growth, that is due to the Alaris remediation coming to an end in FY 2026, which creates a 200 basis points headwind next year.

Regarding FY 2027 outlook, I think we have consistently characterized FY 2027 as low-single-digit revenue growth, that is due to the Alaris remediation coming to an end in FY 2026, which creates a 200 basis points headwind next year.

| GAAP Revenue Growth | Low single-digit plus | Low single-digit plus |

| Revenue Growth (FXN) | Low single-digit | Low single-digit |

We have 100 basis points of Alaris headwind this year.

We'll have that headwind in 2027, and then in 2028, Alaris will no longer be a headwind.

While we are reaffirming our full-year revenue guidance of low single digits, we expect revenue growth in the second half to be roughly similar to the first half.

Weighted shares outstanding for the full year are expected to be approximately 282 million shares.

We expect Q2 adjusted EPS to be in the range of $2.72-$2.82.

Interest other net is expected to be between $600 million and $620 million.

As you think about fiscal 2026 phasing, we expect Q2 revenue growth of approximately 2%, consistent with our full year guidance assumption, with the balance of the year also expected to be within the low single digit range.

As you think about fiscal 2026 phasing, we expect Q2 revenue growth of approximately 2%, consistent with our full year guidance assumption, with the balance of the year also expected to be within the low single digit range.

For tax, we expect our adjusted effective tax rate to be between 14% and 15%.

We are setting our initial adjusted diluted EPS guidance in a range of $14.75-$15.05.

We expect Q1 adjusted diluted EPS to be in the range of $2.75-$2.85.

We expect to significantly improve free cash flow conversion, excluding one-time impacts resulting from the Waters transaction, including OUS tax payments.