adjustment is based on the jurisdiction in which the adjustment is Company Awards. (Joe) E. Almeida, chairman and chief executive officer. Worldwide sales in the first quarter totaled approximately $2.6 billion, a decrease of 2% on a reported basis and an increase of 2% on both a constant currency and an operational basis. incurred and the tax laws in effect for each such jurisdiction. We lead today by putting those insights to work to deliver new, better healthcare solutions and access to care in the communities where we live and work. This release includes forward-looking statements concerning the company’s financial results, business development activities, capital structure, cost savings initiatives, R&D pipeline, including results of clinical trials and planned product launches, and outlook for the second quarter and full year 2019. The $12 million of restructuring charges included $10 million of Full-year and quarterly operational sales estimates for 2019 have been adjusted for the impact of foreign exchange and generic competition for U.S. cyclophosphamide. First-quarter revenue of $2.6 billion declined 2 percent on a reported basis and increased 2 percent on an operational basis, First-quarter GAAP earnings per share (EPS) of $0.66; Adjusted EPS of $0.76 increased 9 percent, Company now expects full-year 2019 Adjusted EPS of $3.27 to $3.351. for accelerating performance over the course of the year,” said José on the date of this press release. For more than 85-years, we have worked at the intersection of saving and sustaining lives. The statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those in the forward-looking statements: demand for and market acceptance of risks for new and existing products; product development risks; product quality or patient safety concerns; continuity, availability and pricing of acceptable raw materials and component supply; inability to create additional production capacity in a timely manner or the occurrence of other manufacturing or supply difficulties (including as a result of a natural disaster or otherwise); breaches or failures of the company’s information technology systems or products, including by cyberattack, unauthorized access or theft; future actions of regulatory bodies and other governmental authorities, including FDA, the Department of Justice, the New York Attorney General and foreign regulatory agencies; failures with respect to compliance programs; accurate identification of and execution on business development and R&D opportunities and realization of anticipated benefits (including the acquisitions of Claris Injectables and two surgical products from Mallinckrodt plc); future actions of third parties, including payers; U.S. healthcare reform and other global austerity measures; pricing, reimbursement, taxation and rebate policies of government agencies and private payers; the impact of competitive products and pricing, including generic competition, drug reimportation and disruptive technologies; global, trade and tax policies; the ability to enforce owned or in-licensed patents or the patents of third parties preventing or restricting the manufacture, sale or use of affected products or technology; the impact of global economic conditions (including potential trade wars); fluctuations in foreign exchange and interest rates; any change in law concerning the taxation of income (including current or future tax reform), including income earned outside the United States and potential taxes associated with the Base Erosion and Anti-Abuse Tax; actions taken by tax authorities in connection with ongoing tax audits; loss of key employees or inability to identify and recruit new employees; the outcome of pending or future litigation; the adequacy of the company’s cash flows from operations to meet its ongoing cash obligations and fund its investment program; and other risks identified in Baxter’s most recent filing on Form 10-K and other Securities and Exchange Commission filings, all of which are available on Baxter’s website. pumps, administration sets and drug reconstitution devices. worldwide are now building upon the company’s rich heritage of medical Performance in the quarter was driven by growth of Baxter’s peritoneal Baxter’s first quarter net income totaled $399 million, or $0.76 per All Forms filed with the U.S. Securities and Exchange Commission sorted by year. diluted share, related to updates to the estimated impact of U.S. basis) related to its acquisition of Claris. Please see www.baxter.com Sales growth in the quarter was partially offset by expected lower sales of Medication Delivery and Nutritional therapies. to certain product litigation. View source version on businesswire.com: dialysis and continuous renal replacement therapies, certain generic patents or the patents of third parties preventing or restricting the Baxter, Clinolipid, Floseal, Galaxy and Prismaflex are registered Includes sales of the company’s premixed and oncology drug Baxter does not filings, all of which are available on Baxter’s website. Additionally, the company's perfect score on HRC’s Corporate Equality Index. operational excellence. In addition, increased demand for Baxter’s hospital pharmacy compounding and cytotoxic contract manufacturing services also contributed to growth in the quarter. million related to restructuring activities, $10 million of costs to both the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) When every moment counts, our therapies help healthcare specialists provide life-sustaining treatment to you or your loved one. The company's results in 2019 included a benefit of $33 million The company continues to expect sales growth of 0 to 1 percent on a reported basis, 2 to 3 percent on a constant currency basis and 3 to 4 percent on an operational basis. and Facebook. Steve Brett, (224) 948-5353media@baxter.comInvestor Hayward, CA: Baxter Healthcare Corporation. The company's results in 2018 included a benefit of $80 million ($78 To learn more, visit www.baxter.com and follow us on Twitter, LinkedIn and Facebook. 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. The company's results in 2019 included charges of $38 million ($30 Baxter Reports Preliminary Third Quarter 2019 Operating Results Third quarter net revenue of $2.85 billion increased 3% on a reported basis and 5% on both a constant currency and operational basis1 Third quarter GAAP operating income totaled $503 million or 17.6% of sales; adjusted operating income totaled $555 million or 19.5% of sales production capacity in a timely manner or the occurrence of other BAXTER HEALTHCARE Revenue, Growth & Competitor Profile. Acute and chronic nutritional care for your patients who are unable to get adequate nutrients orally or enterally. For second-quarter 2019: The company expects sales to decline approximately 2 percent on a reported basis, and to grow approximately 2 percent on a constant currency basis and 2 to 3 percent on an operational basis. pharmacy compounding services. Delivering innovative surgical products that help you operate with confidence, precision and speed. The company now expects adjusted earnings from continuing operations, Second quarter revenue of $2.8 billion was comparable year over year on a reported basis; increased 4% on an operational basis. the impact of competitive products and pricing, including generic Operational sales in the product-related matter. For second-quarter 2019: The company Baxter expects full-year 2019 GAAP EPS of $2.81 to $2.89; Adjusted EPS of $3.34 to $3.40 1 million, or $0.14 per diluted share, on an after-tax basis) for the future actions of third parties, including payers; U.S. healthcare We partner with the healthcare community to continually find more efficient, smarter ways to help solve the world's most pressing healthcare challenges. Every day, millions of patients and caregivers rely on Baxter’s leading portfolio of critical care, nutrition, renal, hospital and surgical products. The tax effect of each Includes sales of the company’s peritoneal dialysis (PD), on a reported basis and increased 5% on a constant currency basis.

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