His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. The consensus among Wall Street analysts projected Q3 revenue of $2.86 billion. Continued use of this website indicates you have read and understood our, ReadyRatios - financial reporting and statements analysis on-line, 3841 - Surgical and Medical Instruments and Apparatus, 38 - Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks, improved considerably (positive change of more than 1 point), improved (positive change of less than 1 point), unchanged (little or no change in score, no more than 0.11 points), deteriorated (the score has decreased by less than 1 point during the year), deteriorated considerably (the score has decreased by more than 1 point during the year). The company stated that it has begun an internal investigation into some intracompany transactions made in the past. Operating margin should be above guidance of 15.2 - 15.9% of sales. the quartile closest to the ratio value). This statistic depicts Baxter International's net sales between 2017 and 2019, distributed by division. Baxter International (NYSE:BAX) was trucking along in 2019, with shares climbing steadily. Each ratio value is given a score ranging from -2 and +2 depending on its position relative to the quartiles Market data powered by FactSet and Web Financial Group. See insights on Baxter International including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The transactions were made from 2014 through the first half of 2019, although the company added that "the investigation is not limited to these periods.". Baxter reported revenue in the third quarter of $2.85 billion. Stock Advisor launched in February of 2002. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The financial position of Baxter International Inc. is better than that of most listed companies that submit financial statements to the U.S. Securities and Exchange Commission. The company announced operating income of $503 million based on generally accepted accounting principles (GAAP). It appears that's exactly what has happened with Baxter. Cumulative Growth of a $10,000 Investment in Stock Advisor, Baxter's Q3 Results Overshadowed by an Internal Investigation @themotleyfool #stocks $BAX, beat analysts' estimates with its second-quarter results, Baxter International Inc (BAX) Q2 2020 Earnings Call Transcript, Baxter Beats Q1 Estimates as COVID-19 Boosts Sales, COVID-19 Has U.S. The company has notified the SEC and plans to keep the agency updated about the progress of the internal investigation. The averages are calculated using the data from financial statements for the year 2019 submitted to the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). This statistic depicts Baxter International's revenue from 2005 to 2019. Baxter International Inc. (NYSE:BAX), a leading global medical products company, today announced its complete financial results for the fourth quarter and full year ended December 31, 2019… This figure reflected $52 million in special items, most of which the company said was related to "intangible asset amortization and business optimization initiatives.". BAXTER INTERNATIONAL INC. Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. Request Information . Baxter International Inc. BAX reported preliminary third-quarter 2019 revenues of $2.85 billion, which missed the Zacks Consensus Estimate of $2.86 billion by … LOGIN; PREMIUM; FREE TRIAL; REQUEST DEMO; FIND COMPANIES ; Baxter International Inc (BAX) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019. Company's financial ratios are compared with the median values of ratios of all companies and of companies Second quarter GAAP earnings per share (EPS) of $0.66 increased 5%; Adjusted EPS of $0.89 increased 16%. This amount comprised 17.6% of Baxter's total sales. This. Baxter further indicated that the Company is investigating misstatements in previously reported non … Investing in big healthcare stocks like Baxter can sometimes be viewed as a low-risk proposition. He added that Baxter is "taking the steps to strengthen and enhance its internal controls, and we look forward to sharing our full financial results as soon as possible.". Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). That word "preliminary" came with plenty of negative implications, with Baxter stock falling by more than 10% in early trading. To draw a conclusion from the analysis the individual scores are weighted equally to get an overall score ranging from -2 and +2. On a preliminary basis, Baxter International (NYSE:BAX) expects Q4 and full-year sales of ~$3.0B and ~$11.4B, respectively. From other sites. Baxter International Inc. BAX reported preliminary third-quarter 2019 revenues of $2.85 billion, which missed the Zacks Consensus Estimate of $2.86 billion by … in a computerized way using software and methods developed by Consulting financial and analytical company Ankon. The result of the comparison may be as follows: Please note: The presented analysis does not indicate a poor or good financial position of the company, but gives its description relative to other U.S. businesses. Baxter International Inc. Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus: Latest report: 12/31/2019 (filed 3/17/2020) Revenue: $11,362 million (ranked #10 out of 252 companies in the industry) Assets: $18,193 million (ranked #12) Baxter (BAX) delivered earnings and revenue surprises of 9.88% and 1.91%, respectively, for the quarter ended June 2019. Click to subscribe to real-time analytics on BAX, Now read: AdaptHealth To Acquire Patient Care Solutions For Consolidation Play », AdaptHealth To Acquire Patient Care Solutions For Consolidation Play », Jim Cramer: Baxter's accounting irregularities mean the stock must be sold. Returns as of 10/15/2020. +1 – between the second and the third quartile; +2 – above the third quartile; Anticipates $500 million investment to support Advancing … Let's conquer your financial goals together...faster. By comparing each of the eleven key metrics with the median value, we have made a generalized conclusion about the quality of the financial condition of the company. 2020 guidance: Sales growth: 4 - 5%; operating margin: 17 - 18%. Baxter chairman and CEO Jose Almeida said that the company "takes this matter very seriously." The financial condition of Baxter International Inc. in 2019 is about the same as the financial condition typical of the companies engaged in the activity "Surgical and Medical Instruments and Apparatus". For a detailed financial analysis please use Baxter International Inc. has reached its limit for free report views. Baxter's adjusted operating income in Q3 totaled $555 million, up 10% year over year. See you at the top! Baxter International was trucking along in 2019, with shares climbing steadily. - load the data into the program>>. PDF; Form 10K (HTML) Baxter International Inc. does not currently have any hardcopy reports on AnnualReports.com. We have conducted a comparative analysis of the balance sheet and the income statement of Baxter International Inc. (hereafter – the "Company") for the year 2019 submitted to the U.S. Securities and Exchange Commission (SEC). Baxter International Inc. (NYSE:BAX), a leading global medical products company, today announced certain preliminary operating results for the quarter ended September 30, 2019. The company ... Baxter reported revenue in the third quarter of … However, any company -- no matter how big it is or what industry it's in -- can make serious mistakes. Hospitals Scrambling to Stock Dialysis Supplies, What's Behind Baxter International's Better-Than-Expected Q4 Results, Internal Probe Reveals Baxter Overstated Annual Income, Copyright, Trademark and Patent Information. Click the button below to request a report when hardcopies become available. Preliminary Condensed Consolidated Financial Information : For The Three and Twelve Months Ended December 31, 2019 (unaudited, in millions) Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. As such, investors are likely to take them with a grain of salt until more is known. The comparison is performed using the eleven key financial ratios (see table above). During the analysis we have compared the key financial ratios of the company with the average (median) values of those ratios calculated for the specific industry sector and for all industries. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Baxter International Inc (BAX) using our online tools. Here's why investors responded negatively to the company's Q3 update. Second quarter revenue of $2.8 billion was comparable year over year on a reported basis; increased 4% on an operational basis. Find Baxter's Proxy Statement, Form 10-K filing, and Corporate Responsibility report below sorted by year. Baxter International has 50,000 employees across 38 locations and $11.36 B in annual revenue in FY 2019. The above is a comparative analysis of the financial position and performance of the company. The healthcare giant announced its third-quarter preliminary results on Thursday before the market opened. For that reason, in comparison with all businesses, the Company has a higher result. More detailed guidance will be released when it reports Q4 and 2019 results which will be later than usual due to its ongoing internal investigation into certain intra-company transactions aimed at generating non-operating foreign exchange gains or avoiding losses (first disclosed in October 2019). SEC Filings. Baxter International Inc. (NYSE:BAX), a leading global medical products company, today reported results for the first quarter of 2019 and increased its full-year 2019 earnings outlook. 2019 Annual Report and Form 10K. Toggle navigation. "ReadyRatios Financial Analysis" As a result of the analysis of the key financial ratios of the company, we have established the following. Because of the investigation, Baxter won't submit its third-quarter regulatory filing to the Securities and Exchange Commission (SEC) on a timely basis. on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and within the same industry, and also with the quartiles of those ratios. Baxter revenue for the twelve months ending June 30, 2020 was $11.410B, a 3.24% … Why? Home. The primary business activity of the company is Surgical and Medical Instruments and Apparatus (SIC code 3841). Baxter expects full-year 2019 GAAP EPS of $2.81 to $2.89; Adjusted EPS of $3.34 to $3.40 1. Jim Cramer: Baxter's accounting irregularities mean the stock must be sold Video at CNBC.com (Oct 29, 2019); Last Chance Trade: Baxter International Video at CNBC.com (Oct 24, 2019) Most investors probably didn't care about any of Baxter's preliminary Q3 results. “We are pleased with the solid start to 2019, establishing a foundation for accelerating performance over the course of the year,” said José (Joe) E. Almeida, chairman and chief executive officer. The comparison is based Baxter said that the intracompany transactions in question used foreign exchange rates that weren't compliant with GAAP. But the good times have come to a screeching halt. (-2 – below the first quartile; -1 – between the first and the second quartile; Baxter International (BAX) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.73 per share. This reflected a 3% increase from the prior-year period revenue total of $2.8 billion. Do the numbers hold clues to what lies ahead for the stock? The average ratios for this industry are slightly better than the averages for all industries.

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