Baxter Reports Second-Quarter 2020 Results

Second-quarter revenue of $2.7 billion decreased 4% on a reported basis, 1% on a constant currency basis and 2% on an operational basis

Second-quarter U.S. GAAP earnings per share (EPS) of $0.48 declined 20%; adjusted EPS of $0.64 declined 24%

Baxter expects full-year 2020 reported sales growth between -1% to +1%; constant currency and operational sales growth of flat to up low single digits

Baxter expects full-year U.S. GAAP EPS of $2.40 to $2.50; adjusted EPS of $3.00 to $3.10

DEERFIELD, IL (STL.News) Baxter International Inc. (NYSE:BAX), a leading global medical products company, today reported results for the second quarter of 2020 and provided its outlook for full-year 2020.

“Baxter colleagues worldwide continue to address the urgent needs of patients, clinicians and first responders in the ongoing battle against COVID-19, while bringing our life-sustaining products to all those who depend on us for chronic and acute care,” said José (Joe) E. Almeida, chairman and chief executive officer.  “Our medically essential portfolio, geographic reach, and the power of our business transformation strengthen our underlying resilience as we navigate today’s unprecedented landscape, position for tomorrow’s challenges, and embrace our strategic opportunities.  I am proud of our 50,000 employees, who are motivated by our Mission to Save and Sustain Lives and dedicated to enhancing value for all of our stakeholders.”

NOTE: this is NOT the complete release.



Recent Posts

Baxter Obtains U.S. FDA Emergency Use Authorization for Regiocit Replacement Solution Used in CRRT

Only authorized citrate-based replacement solution available in the U.S. for use in continuous renal replacement…

4 hours ago

STL Woman, Latres Turner Spells Out $50,000 Scratchers Prize

St Louis, MO (STL.News) Latres Turner of St. Louis has claimed a $50,000 top prize…

7 hours ago

US Department of State News: Indian Independence Day

Washington, DC (STL.News) Friday evening the US Department of State released the following statement: On…

7 hours ago

New Billboards Urge Community Action – Operation Legend

KANSAS CITY, MO (STL.News) New billboards at several Kansas City, Missouri, locations will encourage the…

14 hours ago

The Outlook On American Manufacturing Post COVID-19

(STL.News) The disruption caused by the ongoing pandemic has been present across almost every single…

16 hours ago

Ameren Corporation Directors Declare Quarterly Dividend

ST. LOUIS, MO (STL.News) The board of directors of Ameren Corporation (NYSE: AEE) today declared…

16 hours ago