Revenue during the quarter grew 11.06 percent to $967.10 million from $870.80 million in the previous year period. Gross margin for the quarter expanded 75 basis points over the previous year period to 64.01 percent. Total expenses were 73.14 percent of quarterly revenues, down from 76.79 percent for the same period last year. This has led to an improvement of 366 basis points in operating margin to 26.86 percent.

Operating income for the quarter was $259.80 million, compared with $202.10 million in the previous year period.

Timothy M. Ring, chairman and chief executive officer, commented, "Our strong performance in 2016 once again demonstrated the effectiveness of the execution of our strategic investment plan. We are seeing a broad contribution to growth across our portfolio, from each of our four businesses both domestically and internationally. We remain in investment mode and continue to focus on providing shareholders with above-average revenue growth and attractive profitability."

For financial year 2017, Bard C R expects revenue to grow in the range of 4 percent to 5 percent for the financial year 2017. The company projects diluted earnings per share to be in the range of $11.45 to $11.75.