Baxter said Hurricane Helene flooding affected its North Cove facility in Marion, N.C., and production is currently halted. The company said it is still assessing the extent of the damage.

8-KRegulation FD DisclosureFiled Sep 30, 2024Period of report Sep 29, 2024Summary published (UTC) Oct 29, 2026

Key points

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Baxter said Hurricane Helene flooding affected its North Cove facility in Marion, N.C., and production is currently halted. The company said it is still assessing the extent of the damage.
Baxter said North Cove, which opened in 1972, is its largest manufacturing facility with more than 2,500 employees. The company said the site primarily makes intravenous and peritoneal dialysis solutions and is the largest manufacturer of these solutions in the United States.
Baxter said it is implementing a protective allocation process by product line and leveraging its global manufacturing network to reduce the supply impact. The company said the disruption is expected to negatively affect its financial results, and it plans to provide an update in its Q3 earnings announcement.
Baxter said the Baxter International Foundation has committed $1.5 million in donations to its humanitarian aid partners and is matching employee donations at a $2:$1 ratio.

Summary

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

North Cove Flood Damage and Production Halt

Baxter said Hurricane Helene flooding affected its North Cove facility in Marion, N.C., and production is currently halted. The company said it is still assessing the extent of the damage.

Source · Based on the filing body and exhibits

North Cove Facility Scale and Main Products

Baxter said North Cove, which opened in 1972, is its largest manufacturing facility with more than 2,500 employees. The company said the site primarily makes intravenous and peritoneal dialysis solutions and is the largest manufacturer of these solutions in the United States.

Source · Based on the filing body and exhibits

Supply Mitigation Steps and Financial Impact Outlook

Baxter said it is implementing a protective allocation process by product line and leveraging its global manufacturing network to reduce the supply impact. The company said the disruption is expected to negatively affect its financial results, and it plans to provide an update in its Q3 earnings announcement.

Source · Based on the filing body and exhibits

Baxter International Foundation Relief Donations

Baxter said the Baxter International Foundation has committed $1.5 million in donations to its humanitarian aid partners and is matching employee donations at a $2:$1 ratio.

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.

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