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Dec 31, 2020
Baxter Q4 2020 Earnings Report
Reported a 5% increase in fourth-quarter sales and provided financial guidance for 2021.
Key Takeaways
Baxter International Inc. reported a 5% increase in fourth-quarter sales, reaching $3.2 billion. U.S. GAAP earnings per share (EPS) were $0.33, and adjusted EPS were $0.80. The company's full-year revenue was $11.7 billion, a 3% increase. Baxter provided its financial guidance for 2021, focusing on sales growth and margin expansion.
Fourth-quarter sales increased 5% on a reported basis, 3% on a constant currency basis, and 2% on an operational basis.
U.S. GAAP earnings per share (EPS) were $0.33, and adjusted EPS were $0.80 for the fourth quarter.
Full-year revenue increased 3% on both a reported and constant currency basis.
The company expects sales growth of 7% to 8% for full-year 2021.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For full-year 2021, Baxter expects sales growth of 7% to 8% on a reported basis and 4% to 5% on a constant currency basis. The company expects U.S. GAAP earnings of $2.91 to $2.99 per diluted share and adjusted earnings of $3.35 to $3.43 per diluted share.
Positive Outlook
- Sales growth of 7% to 8% on a reported basis
- Sales growth of 4% to 5% on a constant currency basis
- U.S. GAAP earnings of $2.91 to $2.99 per diluted share
- Adjusted earnings of $3.35 to $3.43 per diluted share
- Sales growth of approximately 3% on a reported basis for first-quarter 2021
Challenges Ahead
- Sales to decline low single digits on a constant currency basis for first-quarter 2021
- U.S. GAAP earnings of $0.53 to $0.55 per diluted share for first-quarter 2021
- Adjusted earnings of $0.63 to $0.65 per diluted share for first-quarter 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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