Q2 Revenue Grows by 3% for Baxter in Latest Financial Results
Baxter International Inc. [BAX] reported a net loss of $311 million for the second quarter ending June 30, 2024, marking a 61% increase from the previous quarter.
The company, headquartered in Deerfield, Illinois, reported to SEC in an 8-K filing $-0.62 earnings per share in the quarter, compared to $-0.28 in the previous quarter.
Baxter International Inc., a leading player in the medical technology sector, reported a revenue of $3.81 billion in the latest financial period. This figure represents a 3% increase from the revenue generated in the previous quarter.
In comparison to the same quarter of the previous year, Baxter International Inc. saw a 3% increase in revenue for the current quarter. Additionally, the company experienced a 61% increase in net loss for the current quarter when compared to the same quarter of the previous year.
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As of August 7, 2024 end of day trading.
Dollars in millions | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|
Income Statement |
| Revenue | $3,812.0 | $3,592.0 | $14,813.0 | $3,708.0 |
| Operating Profit | -$192.0 | $187.0 | $390.0 | -$51.0 |
| Net Income | -$311.0 | $39.0 | $2,663.0 | $2,511.0 |
| Net Cash | -$1,102.0 | -$168.0 | $1,476.0 | $4,070.0 |
| Gross Margin | $1,431.0 | $1,387.0 | $4,975.0 | $1,117.0 |
| Operating Margin | -$0.0 | $0.0 | $0.0 | -$0.0 |
| Profit as % of Revenues | -460.13 | 38.61 | 33.59 | 30.12 |
| Profit as % of Assets | -2.06 | 0.14 | 9416049.36 | 8.52 |
| Profit as % of Stockholder Equity | -4.03 | 0.47 | 31447803.50 | 30.75 |
| Return on Equity | -4.03 | 0.47 | 31447803.50 | 30.75 |
| Return on Assets | -1.18 | 0.14 | 9417880.89 | 8.19 |
| Turnover Ratio | 25.31 | 0.13 | 523769.96 | 0.13 |
Balance Sheet |
| Total Assets | $26,312.0 | $27,788.0 | $28,276.0 | $30,656.0 |
| Total Liabilities | $18,604.0 | $19,553.0 | $19,808.0 | $22,490.0 |
Cash Flow Statement |
| Operating Cash Flow | $278.0 | $163.0 | $1,726.0 | $1,195.0 |
| Investing Cash Flow | -$257.0 | -$166.0 | $3,213.0 | $3,443.0 |
| Financing Cash Flow | -$1,076.0 | -$140.0 | -$3,489.0 | -$554.0 |
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