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Baxter International Inc (BAX.N)

BAX.N on New York Stock Exchange

63.88USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Baxter sees Q4 revenue to be negatively impacted by about $70 mln due to temporary manufacturing disruptions resulting from Hurricane Maria​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Baxter International Inc :Baxter reports third-quarter 2017 results and updates financial outlook for full-year 2017.Q3 GAAP earnings per share $0.45 from continuing operations.Q3 revenue $2.7 billion versus I/B/E/S view $2.66 billion.Q3 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Sees Q4 earnings per share $0.56 to $0.59 from continuing operations excluding items.Sees FY 2017 earnings per share $2.40 to $2.43 from continuing operations excluding items.Sees FY 2017 GAAP earnings per share $1.85 to $1.93.Baxter International Inc - ‍qtrly sales within U.S. were approximately $1.1 billion, advancing 8 percent​.Baxter International - Sees Q4 revenue to be negatively impacted by about $70 million due to temporary manufacturing disruptions resulting from Hurricane Maria​.Baxter - Qtrly ‍international sales about $1.6 billion, representing a 5 percent increase on reported basis and a 4 percent increase on a constant currency basis​.Baxter International - ‍For FY 2017, co now expects sales growth of about 4 percent on a reported basis, about 4 percent on a constant currency basis​.Q3 adjusted earnings per share $0.64 from continuing operations excluding items.Baxter International Inc - ‍Remains in limited production across all three manufacturing sites in Puerto Rico​.FY2017 earnings per share view $2.39, revenue view $10.50 billion -- Thomson Reuters I/B/E/S.  Full Article

Baxter provides update on Puerto Rico recovery status post Hurricane Maria
Friday, 13 Oct 2017 

Oct 12 (Reuters) - Baxter International Inc :Baxter provides update on Puerto Rico recovery status post Hurricane Maria.Baxter International Inc - ‍company expects to mitigate earnings impact from Hurricane Maria​.Baxter International Inc - ‍resumed limited production at all Puerto Rico manufacturing sites​.Baxter International Inc - ‍Baxter's three Puerto Rico manufacturing sites sustained minimal structural damage from impact of Hurricane Maria​.Baxter - co granted discretion for temporary importation of some products from facilities in Ireland, Australia to support product supply for U.S. market​.Baxter International Inc - ‍company does not manufacture large volume sterile solutions, such as its 1 liter IV solutions, in Puerto Rico​.  Full Article

Third Point Llc reports a stake of 7.5 pct in Baxter International
Saturday, 3 Jun 2017 

June 2 (Reuters) - Baxter International Inc :Third Point Llc reports a stake of 7.5 percent in Baxter International as of June 1 .Third Point Llc previously reported a stake of 8.5 percent in Baxter International as of Feb 28 .  Full Article

Baxter CEO José Almeida's FY 2016 compensation $5.8 mln vs $7.95 mln in FY 2015
Saturday, 18 Mar 2017 

Baxter International Inc :Ceo josé almeida's fy 2016 total compensation $5.8 million versus $7.95 million in fy 2015 - sec filing.  Full Article

Baxter Q3 adj earnings per share $0.56 from continuing operations excluding items
Tuesday, 25 Oct 2016 

Baxter International Inc : Baxter reports third quarter 2016 results and increases financial outlook for full-year 2016 . Sees Q4 2016 earnings per share $0.49 to $0.52 from continuing operations excluding items . Q3 GAAP earnings per share $0.23 from continuing operations . Q3 sales $2.6 billion versus i/b/e/s view $2.55 billion . Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Raises FY 2016 earnings per share view to $1.88 to $1.91 from continuing operations excluding items . Q3 adjusted earnings per share $0.56 from continuing operations excluding items . Sees Q4 sales up about 2 percent . Baxter international inc - raising its financial outlook for full-year 2016 including sales growth of approximately 2 percent on a reported basis . Fy2016 earnings per share view $1.72, revenue view $10.15 billion -- Thomson Reuters I/B/E/S . Sees earnings from continuing operations, before special items, of $1.88 to $1.91 per diluted share for full year . Fy2016 earnings per share view $1.72 -- Thomson Reuters I/B/E/S . Baxter International Inc - on an adjusted basis Baxter's Q3 income from continuing operations totaled $0.56 per diluted share .Baxter International Inc - for Q4, company expects sales growth of approximately 2 percent on both a reported and constant currency basis.  Full Article

Sunshine Heart buys Baxter's Aquadex product line
Monday, 8 Aug 2016 

Sunshine Heart Inc: Sunshine Heart announces strategic acquisition of Aquadex product line from Baxter and a new credit facility with Silicon Valley Bank . Under terms of agreement, Baxter received $4.0 million in cash and 1.0 million shares of Sunshine Heart common stock . Entered into a new $5.0 million facility to finance future working capital needs . Company repaid all amounts outstanding under its existing debt facility with Silicon Valley Bank ."Expect product line to be accretive in first year".  Full Article

Baxter Q2 earnings $2.19/shr from cont ops
Tuesday, 26 Jul 2016 

Baxter Reports Second Quarter 2016 Results And Raises Financial Outlook For Full : Baxter reports second quarter 2016 results and raises financial outlook for full-year 2016 . For full-year 2016, baxter now expects sales growth of 3 percent to 4 percent on a constant currency basis . Year 2016 . Sees fy 2016 earnings per share $1.69 to $1.74 from continuing operations excluding items . Sees q3 2016 earnings per share $0.43 to $0.45 from continuing operations excluding items . Q2 gaap earnings per share $2.19 from continuing operations . Q2 sales $2.6 billion versus i/b/e/s view $2.52 billion . Q2 adjusted earnings per share $0.46 from continuing operations excluding items . Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . For full-year 2016, baxter now expects reported sales growth of 1 percent to 2 percent . Fy2016 earnings per share view $1.64, revenue view $10.09 billion -- Thomson Reuters I/B/E/S .Q3 earnings per share view $0.42, revenue view $2.53 billion -- Thomson Reuters I/B/E/S.  Full Article

EU Medicines Agency recommends approval of two new cancer drugs
Friday, 22 Jul 2016 

EU Medicines Agency : EU medicines agency recommendations for july 2016 . Recommends approval of Exelixis Inc’S cabozantinib to treat advanced renal cell carcinoma .Recommends Approval Of Baxter International Inc’S Irinotecan to treat pancreatic cancer.  Full Article

Baxter International sets quarterly dividend of $0.13 per share
Tuesday, 19 Jul 2016 

Baxter International Inc :Sets quarterly dividend of $0.13 per share.  Full Article

Baxter says Delaware court validates amendment to declassify company's board
Friday, 24 Jun 2016 

Baxter International Inc : Court of Chancery of State of Delaware validated charter amendment to declassify company's board of directors .Charter amendment will become effective on august 1, 2016.  Full Article

Baxter expects $70 million hit to fourth-quarter sales from Hurricane Maria

U.S. hospital products maker Baxter International Inc on Wednesday forecast a nearly $70 million hit to its fourth-quarter revenue, due to manufacturing disruptions arising from Hurricane Maria.