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Baxter International logoBaxter International BAX

Baxter said fourth-quarter sales from continuing operations for Q4 were $3.89 billion, up 4% on a reported basis and 3% on a constant currency basis. Continuing operations exclude the BioPharma Solutions business.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Baxter said fourth-quarter sales from continuing operations for Q4 were $3.89 billion, up 4% on a reported basis and 3% on a constant currency basis. Continuing operations exclude the BioPharma Solutions business.

  2. The company said fourth-quarter U.S. GAAP diluted earnings per share from continuing operations for Q4 were $0.14, and adjusted diluted earnings per share were $0.88. It said the results included total special items of $189 million.

  3. The company said full-year operating cash flow from continuing operations was $1.70 billion and free cash flow was $1.01 billion. Free cash flow is operating cash flow from continuing operations less capital expenditures of $692 million.

  4. The company expects full-year 2024 sales growth of about 2% on both a reported and constant currency basis, and adjusted earnings before special items of $2.85 to $2.95 per diluted share.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Baxter Reports Q4 Continuing Operations Sales of $3.89 billion

Baxter said fourth-quarter sales from continuing operations for Q4 were $3.89 billion, up 4% on a reported basis and 3% on a constant currency basis. Continuing operations exclude the BioPharma Solutions business.

Source · Based on the filing body and exhibits

Q4 GAAP EPS of $0.14, Adjusted EPS of $0.88

The company said fourth-quarter U.S. GAAP diluted earnings per share from continuing operations for Q4 were $0.14, and adjusted diluted earnings per share were $0.88. It said the results included total special items of $189 million.

Source · Based on the filing body and exhibits

Full-Year Operating Cash Flow of $1.70 billion, Free Cash Flow of $1.01 billion

The company said full-year operating cash flow from continuing operations was $1.70 billion and free cash flow was $1.01 billion. Free cash flow is operating cash flow from continuing operations less capital expenditures of $692 million.

Source · Based on the filing body and exhibits

2024 Full-Year Outlook

The company expects full-year 2024 sales growth of about 2% on both a reported and constant currency basis, and adjusted earnings before special items of $2.85 to $2.95 per diluted share.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.