AI Earnings Predictions for Baxter International Inc. (BAX)

EX-99.1

2 bax-20260930xex991.htm

EX-99.1

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

BAXTER REPORTS THIRD-QUARTER 2026 RESULTS

•Third-quarter sales of $2.98 billion increased 5% on both a reported and organic basis,1,2 reflecting growth in all segments and divisions

•Third-quarter U.S. GAAP3 diluted earnings per share (EPS) of $0.57; adjusted diluted EPS of $0.581

•Company raises full-year 2026 financial outlook

DEERFIELD, Ill., OCT. 29, 2026 – Baxter International Inc. (NYSE:BAX), a global medtech leader, today reported results for the third quarter of 2026.

“We delivered a strong third quarter, with growth across all segments and divisions globally,” said Andrew Hider, president and CEO. “We continue to make steady progress stabilizing the business, strengthening the balance sheet and driving continuous improvement. Our results reinforce our confidence in this direction as we build a stronger foundation for sustainable growth and long-term value creation.”

1 Sales growth on an organic basis and adjusted diluted EPS are non-GAAP financial measures. See the “Non-GAAP Financial Measures” section below for information about the non-GAAP financial measures included in this release and see the accompanying tables to this press release for reconciliations of those non-GAAP measures to the corresponding U.S. GAAP measures.

2 Organic sales growth excludes the impact of the Kidney Care Manufacturing and Supply agreement (Kidney Care MSA) not reflected in reportable segments, impacts associated with business acquisitions or divestitures, and is calculated at constant currency rates.

3 Generally Accepted Accounting Principles

1

Third-Quarter 2026 Companywide Financial Results

Unless otherwise noted, all financial results reflect continuing operations and exclude Baxter’s former Kidney Care business, which is reported as discontinued operations.

•Worldwide sales in the third quarter totaled approximately $2.98 billion, increasing 5% on both a reported and organic basis.

•U.S. sales in the third quarter totaled approximately $1.6 billion, increasing 3% on a reported basis and 5% on an organic basis.

•International sales in the third quarter totaled approximately $1.4 billion, increasing 7% on a reported basis and 6% on an organic basis.

•On a U.S. GAAP basis, net income totaled $298 million, or $0.57 per diluted share.

•On an adjusted basis, net income in the third quarter was $0.58 per diluted share, decreasing 16% due to a higher effective tax rate, year-over-year.

•Free cash flow was $448 million in the third quarter and totaled $705 million year-to-date.

•During the third quarter, the company completed a $600 million cash tender offer, retiring $864 million of debt and accelerating deleveraging while supporting its investment-grade credit objectives.

Please see the attached schedules accompanying this press release for additional details on sales performance in the quarter, including breakouts by Baxter’s segments.

2

Third-Quarter 2026 Segment Results

Beginning in the second quarter of 2026, Baxter updated its segment reporting structure to align with changes to the company’s operating model.4 Previously reported segment results have been recast to conform to the updated reporting structure and are available on the Investor Relations section at www.baxter.com. In the third quarter, growth continued across all segments and divisions.

•Medical Products & Therapies sales for the third quarter totaled approximately $2.1 billion, increasing 6% on both a reported and organic basis. Performance in the quarter reflected strength within the Infusion Therapies & Platforms division, driven primarily by Infusion Systems, Drug Compounding and IV Solutions. This growth was partially offset by reduced sales within Injectables. Continued strong global demand for Advanced Surgery products also contributed to performance.

•Healthcare Systems & Technologies sales for the third quarter totaled approximately $806 million, increasing 4% on both a reported and organic basis. Performance in the quarter reflected strong demand for Care & Connectivity Solutions products, driven by growth in Global Surgical Solutions and Patient Support Systems. Results also reflected growth in Front Line Care.

4 The former Pharmaceuticals segment is now reported within the Infusion Therapies & Platforms (ITP) division of the Medical Products & Therapies (MPT) segment. Additionally, sales of products and services provided directly through certain of the company's manufacturing facilities related to ITP that were previously reported in Other, are now reported in the ITP division of its MPT segment. The remaining Other sales not allocated to a segment consist of sales to Vantive Health LLC (Vantive), pursuant to the related Kidney Care MSA.

3

Full-Year 2026 Financial Outlook

The company raised its full-year financial outlook:

•Reported sales growth from continuing operations: 4%

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