Baxter Reports Positive Third-Quarter 2024 Results and Provides Update on Hurricane Recovery
SHERIDAN, WYOMING – November 10, 2024 – SHERIDAN, WYOMING – November 10, 2024 – Baxter International Inc. (NYSE:BAX), a global medtech leader, today announced strong third-quarter 2024 results, exceeding its previously issued earnings guidance. The company also provided an update on the ongoing recovery efforts at its North Cove, North Carolina manufacturing facility following the impact of Hurricane Helene.
Financial Performance
Baxter reported third-quarter 2024 sales of $3.85 billion, with sales from continuing operations increasing 4% on both a reported and constant currency basis. Adjusted diluted earnings per share (EPS) were $0.80, exceeding the company's guidance.
"Baxter delivered positive performance in the third quarter of 2024, as the company continues to execute against its strategic transformation," said José (Joe) E. Almeida, chair, president and chief executive officer.