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Baxter International Inc (BAX)

BAX on New York Consolidated

44.08USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Eurolife Healthcare to buy form-fill-seal infusion business from Baxter India
Thursday, 20 Oct 2016 05:30am EDT 

Eurolife Healthcare: Entered into an agreement to acquire form-fill-seal (FFS) infusion business from Baxter India .Financial terms of the transaction are not being disclosed.  Full Article

Sunshine Heart buys Baxter's Aquadex product line
Monday, 8 Aug 2016 05:30am EDT 

Sunshine Heart Inc: Sunshine Heart announces strategic acquisition of Aquadex product line from Baxter and a new credit facility with Silicon Valley Bank . Under terms of agreement, Baxter received $4.0 million in cash and 1.0 million shares of Sunshine Heart common stock . Entered into a new $5.0 million facility to finance future working capital needs . Company repaid all amounts outstanding under its existing debt facility with Silicon Valley Bank ."Expect product line to be accretive in first year".  Full Article

Baxter Q2 earnings $2.19/shr from cont ops
Tuesday, 26 Jul 2016 07:00am EDT 

Baxter Reports Second Quarter 2016 Results And Raises Financial Outlook For Full : Baxter reports second quarter 2016 results and raises financial outlook for full-year 2016 . For full-year 2016, baxter now expects sales growth of 3 percent to 4 percent on a constant currency basis . Year 2016 . Sees fy 2016 earnings per share $1.69 to $1.74 from continuing operations excluding items . Sees q3 2016 earnings per share $0.43 to $0.45 from continuing operations excluding items . Q2 gaap earnings per share $2.19 from continuing operations . Q2 sales $2.6 billion versus i/b/e/s view $2.52 billion . Q2 adjusted earnings per share $0.46 from continuing operations excluding items . Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . For full-year 2016, baxter now expects reported sales growth of 1 percent to 2 percent . Fy2016 earnings per share view $1.64, revenue view $10.09 billion -- Thomson Reuters I/B/E/S .Q3 earnings per share view $0.42, revenue view $2.53 billion -- Thomson Reuters I/B/E/S.  Full Article

EU Medicines Agency recommends approval of two new cancer drugs
Friday, 22 Jul 2016 07:21am EDT 

EU Medicines Agency : EU medicines agency recommendations for july 2016 . Recommends approval of Exelixis Inc’S cabozantinib to treat advanced renal cell carcinoma .Recommends Approval Of Baxter International Inc’S Irinotecan to treat pancreatic cancer.  Full Article

Baxter International sets quarterly dividend of $0.13 per share
Tuesday, 19 Jul 2016 09:00am EDT 

Baxter International Inc :Sets quarterly dividend of $0.13 per share.  Full Article

Baxter says Delaware court validates amendment to declassify company's board
Thursday, 23 Jun 2016 05:21pm EDT 

Baxter International Inc : Court of Chancery of State of Delaware validated charter amendment to declassify company's board of directors .Charter amendment will become effective on august 1, 2016.  Full Article

Baxter expects to generate free cash flow of about $1.75 bln in 2020
Monday, 9 May 2016 04:05pm EDT 

Baxter International Inc : Company provides financial outlook for 2018 and 2020 . Expects to grow sales 3 to 4 percent on a compounded annual basis at constant currency rates from 2016 through 2018 . Expects a 2018 adjusted operating margin of 14 to 15 percent and 2018 adjusted diluted earnings of $2.10 to $2.25 per share . Also expects free cash flow (operating cash flow less capital expenditures) of approximately $1.0 billion in 2018 . Expects sales to grow approximately 4 percent on a compounded annual basis at constant currency rates from 2016 to 2020 . Anticipates an adjusted operating margin of 17 to 18 percent and adjusted diluted earnings of $2.75 to $3.00 per share in 2020 .Expects to generate free cash flow of approximately $1.75 billion in 2020.  Full Article

Baxter International Inc raises quarterly dividend
Tuesday, 3 May 2016 08:30am EDT 

Baxter International Inc:Board of Directors has declared a 13 percent increase in the company's quarterly dividend rate, from the previous rate of $0.115 per Baxter common share to $0.13 per share.Dividend is payable on July 1, 2016 to stockholders of record as of June 3, 2016.  Full Article

Baxter International Inc raises FY 2016 outlook; gives Q2 2016 outlook
Tuesday, 26 Apr 2016 07:00am EDT 

Baxter International Inc:Says that based on the company's strong first quarter performance, Baxter is raising its financial outlook for FY 2016.Expects constant currency sales growth for FY 2016 of about 3 percent, or about 4 percent after adjusting for increased U.S. competition for cyclophosphamide.Says that on a reported basis, including impact of foreign exchange, Baxter now expects sales to increase about 1 percent as compared to previous guidance of a decline of about 1 percent.Expects earnings from continuing operations, before special items, of $1.59 to $1.67 per diluted share for FY 2016 as compared to previous guidance of $1.46 to $1.54 per diluted share.Expects Q2 2016 constant currency sales growth of about 4 percent, and on a reported basis, sales growth of about 2 percent.Expects earnings from continuing operations, before special items, of $0.38 to $0.40 per diluted share for Q2 2016.Says earnings guidance for Q2 and FY 2016 excludes about $1.94 and $8.01, respectively, per diluted share of realized gains related to the planned use of the Baxalta retained stake.  Full Article

Baxter declares regular quarterly dividend of $0.115 per common share
Tuesday, 16 Feb 2016 08:25am EST 

Baxter International Inc:Declared a regular quarterly dividend of $0.115 per Baxter common share.  Full Article

BRIEF-Baxter presented exploratory research on the removal of inflammation-related molecules during extracorporeal blood purification therapy

* Baxter International Inc - presented exploratory research on the removal of inflammation-related molecules during extracorporeal blood purification therapy