BARD MEETS WITH SECURITY ANALYSTS IN NEW YORK.NEW YORK--(BUSINESS WIRE)--Nov. 8, 1995--Senior executives of C.R. Bard, Inc. (NYSE-BCR) met with security analysts today to review financial performance and discuss Bard's outlook. William H. Longfield, chairman and chief executive officer, focused on the Company's historical performance and its strategy for growth through internal development and acquisitions. Mr. Longfield reiterated management's commitment to create and increase shareholder wealth through consistent growth in earnings per share. Benson F. Smith, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , reviewed Bard's operating plans and product portfolio. Mr. Smith discussed the Company's positioning of key technology to grow global sales. Mr. Smith also categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat Bard's R&D pipeline of new products within their cardiovascular, urological and surgical product groups. William C. Bopp, executive vice president and chief financial officer, reviewed Bard's nine months 1995 financial results to include restatements for two recent acquisitions (MedChem Products, Inc. and American Hydro-Surgical Instruments). Bard reported nine months net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $834.0 million, net income of $63.6 million and earnings per share of $1.15. Separately, Bard indicated that as part of its third quarter Form 10Q filing with the SEC on or before November 14, 1995, Bard will include net sales and net income for the ten-month period ended October 31, 1995, combined with MedChem, to satisfy certain pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. accounting requirements. C.R. Bard, Inc. headquartered in Murray Hill Murray Hill may refer to one of the following places:
CONTACT: E. L. Parker C. R. Bard C. R. Bard, Inc. (NYSE: BCR) is one of the large S&P 500 companies of the United States, a surgical specialties and hospital medical device manufacturer in Murray Hill, New Jersey. It is named after its founder, who sold the company within only a few years of its founding. , Inc. (908) 277-8059 |
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