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Baxter International Inc (BAX) |
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Baxter International Inc Outlook |
On February 8 2024 the Baxter International Inc provided following guidance
division, and the acquisition of several key assets.
For the fourth quarter of 2023, Baxter reported net sales of $4.5 billion, an increase of 8% compared to the same period in the previous year. This growth was driven by strong performance across all of our business segments, particularly in our Renal Care and Medication Delivery segments. Adjusted earnings per share for the quarter were $0.97, a 12% increase compared to the fourth quarter of 2022.
For the full year 2023, Baxter reported net sales of $16.8 billion, a 7% increase compared to the previous year. This growth was driven by strong demand for our renal care products, medication delivery systems, and pharmaceuticals. Adjusted earnings per share for the full year were $3.79, a 9% increase compared to the previous year.
Looking ahead to full-year 2024, Baxter expects net sales to be in the range of $17.5 billion to $18 billion, representing a growth of approximately 4% to 7% compared to 2023. This growth is expected to be driven by continued strong demand for our renal care products and medication delivery systems, as well as the launch of several new products across our portfolio.
Baxter also provided its financial guidance for the first quarter of 2024, expecting net sales to be in the range of $4.2 billion to $4.4 billion, representing a growth of approximately 4% to 9% compared to the first quarter of 2023. Adjusted earnings per share for the first quarter are expected to be in the range of $0.90 to $0.95.
In summary, Baxter International Inc. delivered strong financial results in 2023, driven by strategic initiatives and strong demand for its products. The company expects to continue this momentum in 2024, with projected sales growth and the launch of new products contributing to its future success.
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