UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________________________________ FORM 10-Q _________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to C ...

Baxter International Inc. (NYSE:BAX) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Clare Trachtman - Senior Vice President, Chief Investor Relations Officer Joe Almeida - Chairman, President and Chief Executive Officer Joel Grade - Executive Vice President and Chief Financial Officer Conference Call Participants Travis Steed - Bank of America Securities Robert Marcus - JPMorgan Pito Chickering - Deutsche Bank Vijay Kumar - Evercore ISI Joanne Wuensch - Citi Lawrence Biege ...

Baxter International Inc. (BAX) reported third-quarter 2024 adjusted earnings per share (EPS) of 80 cents, which beat the Zacks Consensus Estimate of 78 cents by 2.6%. The bottom line declined 2.4% from the year-ago quarter’s level.On a GAAP basis, the company reported EPS of 27 cents compared with $4.93 in the prior-year quarter.The company reported adjusted EPS from continuing operations, which include Medical Products & Therapies, Healthcare Systems & Technologies and Pharmaceuticals segments, of 49 cent ...

Core Insights - Baxter International reported a revenue of $2.7 billion for the quarter ended September 2024, reflecting a 27.2% decrease year-over-year and a significant miss of 29.72% against the Zacks Consensus Estimate of $3.84 billion [1] - The earnings per share (EPS) for the quarter was $0.80, which is an increase from $0.68 in the same quarter last year, resulting in an EPS surprise of +2.56% compared to the consensus estimate of $0.78 [1] Revenue Performance - Net Sales in Pharmaceuticals (U.S.) were $178 million, below the average estimate of $210.04 million, marking an 8.7% decline year-over-year [3] - International Pharmaceuticals Net Sales reached $410 million, slightly below the average estimate of $417.62 million, with a year-over-year increase of 6.5% [3] - Net Sales in Advanced Surgery were $272 million, exceeding the average estimate of $266.68 million, with a year-over-year growth of 6.7% [3] - Infusion Therapies and Technologies Net Sales were $1.07 billion, slightly above the average estimate of $1.06 billion [3] - Overall, several segments underperformed against analyst estimates, while some showed modest growth year-over-year [3] Stock Performance - Baxter's shares have declined by 2.7% over the past month, contrasting with a 4.9% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

分组1 - Baxter International reported quarterly earnings of $0.80 per share, exceeding the Zacks Consensus Estimate of $0.78 per share, and up from $0.68 per share a year ago, representing an earnings surprise of 2.56% [1] - The company posted revenues of $2.7 billion for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 29.72%, and compared to year-ago revenues of $3.71 billion [2] - Baxter has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] 分组2 - The stock has underperformed the market, losing about 6.8% since the beginning of the year, while the S&P 500 has gained 25.2% [3] - The current consensus EPS estimate for the coming quarter is $0.87 on revenues of $3.98 billion, and for the current fiscal year, it is $2.96 on revenues of $15.22 billion [7] - The Zacks Industry Rank for Medical - Products is currently in the top 32% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

______________________ Exhibit 99.1 FOR IMMEDIATE RELEASE BAXTER REPORTS THIRD-QUARTER 2024 RESULTS • Baxter third-quarter 2024 sales totaled $3.85 billion • Third-quarter total Baxter U.S. GAAP diluted earnings per share (EPS) were $0.27 ; adjusted total Baxter diluted EPS were $0.80 , exceeding the company's previously issued guidance • Third-quarter sales from continuing operations of $2.70 billion increased 4% on both a reported and constant currency basis , reflecting growth across all segments • Third ...

Core Viewpoint - Baxter International Inc. is set to release its third-quarter 2024 results on November 8, with expectations of revenue growth and improved earnings per share compared to the previous year [1][2]. Q3 Estimates - The consensus estimate for revenues is $3.84 billion, reflecting a 3.6% increase from the prior-year quarter [2]. - The consensus estimate for earnings is 78 cents per share, indicating a 14.7% year-over-year improvement [2]. Factors to Note - Baxter anticipates sales growth of 3-4% on a reported basis and 4-5% at constant currency for Q3 [3]. - Adjusted earnings per share are expected to range between 77 cents and 79 cents [3]. Segment Performance - The Medical Products and Therapies segment is likely to benefit from sustained demand and positive pricing, particularly in Infusion Therapies and Technologies, aided by recent FDA approvals [4]. - The Pharmaceutical segment is expected to see growth driven by the U.S. injectables portfolio and new product launches [5]. - The Renal Care segment has shown a recovering trend, with growth in Acute Therapies and Peritoneal Dialysis products, although in-center hemodialysis sales may decline [7]. - The Acute Therapies segment is also expected to benefit from growth in the U.S. and strength in the APAC region [8]. Divestment Plans - The company plans to divest its Renal Care and Acute Therapies segments by late 2024 or early 2025, with discussions ongoing with Carlyle Group for a kidney care spinoff valued at over $4 billion [8]. Operational Efficiency - Ongoing transformation initiatives are likely to enhance operational efficiencies, potentially leading to lower expenses, although inflationary pressures and supply chain constraints may increase costs [9]. Earnings Prediction Model - The current model does not predict an earnings beat for Baxter, as the Earnings ESP is 0.00% and the Zacks Rank is 3 (Hold) [10][11].

Core Insights - Baxter International (BAX) is expected to report quarterly earnings of $0.78 per share, a 14.7% increase year-over-year, with revenues forecasted at $3.84 billion, reflecting a 3.6% year-over-year increase [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to stock performance [2] - Analysts' consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in expectations [1] Key Metrics Projections - Analysts estimate 'Net Sales- Front Line Care' at $299.88 million, a decrease of 0.4% year-over-year [4] - 'Net Sales- Other' is projected to be $15.92 million, reflecting a decline of 6.4% year-over-year [4] - 'Net Sales- Advanced Surgery' is expected to reach $266.68 million, indicating a growth of 4.6% year-over-year [4] Pharmaceuticals and Geographic Sales - 'Net Sales- Pharmaceuticals' is anticipated to be $613.55 million, showing a year-over-year increase of 5.8% [5] - 'Net Sales- Acute Therapies- U.S.' is projected at $74.76 million, a 13.3% increase from the previous year [5] - 'Geographic Net Sales- International' is expected to be $2.01 billion, reflecting a 3.4% increase year-over-year [5] Additional Sales Insights - 'Net Sales- Pharmaceuticals- U.S.' is estimated at $210.04 million, a 7.7% increase year-over-year [6] - 'Net Sales- Pharmaceuticals- International' is projected to reach $417.62 million, indicating an 8.5% increase from the prior year [6] - 'Net Sales- Advanced Surgery- U.S.' is expected to be $144.46 million, reflecting a 3.9% increase year-over-year [6] Other Sales Projections - 'Net Sales- Advanced Surgery- International' is forecasted at $121.45 million, a 4.7% increase year-over-year [7] - 'Net Sales- Other- U.S.' is projected to be $10.59 million, indicating an 11.7% decline year-over-year [7] - 'Net Sales- Other- International' is expected to reach $4.96 million, reflecting a decrease of 0.8% year-over-year [7] Stock Performance - Over the past month, Baxter shares have recorded a return of +0.1%, compared to the Zacks S&P 500 composite's -0.5% change [7]

Investors looking for stocks in the Medical - Products sector might want to consider either Baxter International (BAX) or LeMaitre Vascular (LMAT) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earning ...

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