Baxter Posts Wider 4Q Loss, Says Results Missed Expectations

Dow Jones
Feb 12

By Nicholas G. Miller

 

Baxter International reported a wider fourth-quarter loss and said that despite sales growth across categories, the quarter's results missed its expectations.

Shares fell 15% to $19.02 in premarket trading.

The healthcare company reported a wider loss of $1.13 billion, or $2.19 a share, compared with a loss of $512 million, or $1 a share, the year prior. The loss included a goodwill impairment charge of $485 million related to the Front Line Care reporting unit.

Adjusted earnings were 36 cents a share. The company said adjusted profit was hurt by unfavorable product mix, non-recurring items including inventory adjustments and a higher effective tax rate.

Sales from continuing operations rose 8% to $2.97 billion. Medical products and therapies revenue rose 6%, healthcare systems and technologies sales increased 5%, while pharmaceutical sales rose 4%.

"While we delivered sales growth across all segments, our fourth-quarter results did not meet our expectations," said Chief Executive Andrew Hider.

The company guided for 2026 sales from continuing operations to be flat to up 1% and adjusted earnings from continuing operations of $1.85 to $2.05 a share.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

February 12, 2026 07:50 ET (12:50 GMT)

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