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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.
Baxter
Baxter
Baxter Revenue by Segment
Baxter Revenue by Geographic Location
Revenue by Segment
Pharmaceuticals Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com 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
- The effects of the COVID-19 pandemic on the business
- Potential trade wars
Revenue & Expenses
Visualization of income flow from segment revenue to net income