Baxter (BAX) Q4 2025 Earnings Call Transcript

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Thu, February 12, 2026 astatine 10:10 AM CST 46 min read

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Feb. 12, 2026, 8:30 a.m. ET

• President & Chief Executive Officer — Andrew Hider

• Executive Vice President & Chief Financial Officer — Joel Grade

• Vice President, Investor Relations — Kevin Moran

• Senior Vice President, Corporate Strategy & Business Development — Robert Justin Marcus

Kevin Moran: on with our fiscal outlook for the afloat twelvemonth 2026. This morning, a property merchandise was issued with our preliminary net results and updated outlook. The property merchandise and capitalist presumption are disposable connected the Investors conception of the Baxter International Inc. website. Joining maine contiguous are Andrew Hider, President and Chief Executive Officer, and Joel Grade, Executive Vice President and Chief Financial Officer.

During the call, we volition beryllium making forward-looking statements, including comments regarding our fiscal outlook for the afloat twelvemonth 2026 and anticipated timing and interaction of our deleveraging efforts, the magnitude and timing of charges related to operating exemplary and outgo operation actions, the anticipated interaction of assorted regulatory and operational matters including ones related to our infusion pump platform, and to objective signifier changes pursuing Hurricane Helene, and commentary regarding the planetary macroeconomic situation including tariffs and projected mitigating actions. Forward-looking statements impact risks and uncertainties which could origin our existent results to disagree materially from our existent expectations.

Please notation to today's property release, the forward-looking statements descent astatine the opening of our capitalist presentation, and our SEC filings for much detail. In addition, delight enactment that connected today's call, each our comments volition beryllium connected a non-GAAP basis, unless they are specifically called retired arsenic GAAP. Non-GAAP fiscal measures are utilized to assistance investors recognize Baxter International Inc.’s ongoing concern performance. GAAP to non-GAAP reconciliations tin beryllium recovered successful the schedules attached to our property merchandise and our capitalist presentation. On the call, we volition notation operational growth, which excludes the interaction of overseas exchange, MSA revenues from Vantiv, and the antecedently announced exit of IV Solutions from China.

We volition besides notation integrated maturation which excludes the interaction of overseas exchange, MSA revenues from Vantiv, and immoderate interaction from aboriginal concern acquisitions oregon divestitures. We program to utilize the integrated maturation measurement going forward. Finally, arsenic a reminder, continuing operations excludes Baxter International Inc.’s Kidney Care concern which is present reported arsenic discontinued operations. With that, I would similar to crook the telephone implicit to Andrew. Thank you, Kevin. And bully morning, everyone.