---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-027148"
form_type: "8-K"
ticker: "BAX"
cik: "0000010456"
company_name: "BAXTER INTERNATIONAL INC"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:17:29.733059+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Baxter reports Q3 GAAP loss of $5.83/share on $3.1B Hillrom impairment; adjusted EPS $0.82

## Summary
- Revenue $3.8B, up 17% reported, 23% constant currency, slightly positive operationally.
- GAAP net loss $2.9B ($5.83/share) driven by $3.1B pre-tax impairment of Hillrom goodwill and intangibles.
- Adjusted EPS $0.82, down 20% YoY; full-year adjusted EPS guidance set at $3.53 to $3.60.
- U.S. sales $1.8B (+40% reported, -1% operational); International $1.9B (+1% reported, +2% operational).
- FDA classified Ahmedabad manufacturing site as VAI (compliant), enabling new drug product approvals.

## SEC filing metadata
- accession: 0001628280-22-027148
- form_type: 8-K
- ticker: BAX
- cik: 0000010456
- company_name: BAXTER INTERNATIONAL INC
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000162828022027148/0001628280-22-027148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000162828022027148/bax-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-027148
- JSON: https://secwatch.observer/filing/0001628280-22-027148.json
- Plain text: https://secwatch.observer/filing/0001628280-22-027148.txt

## Key facts
- Earnings Releases
  BAXTER INTERNATIONAL INC reported third quarter of 2022 results: revenue $3.8 billion, net income ($2.9 billion), EPS ($5.83).
  - Period: third quarter of 2022
  - Revenue: $3.8 billion
  - Net income: ($2.9 billion)
  - EPS: ($5.83)
  - Result: reported results
  source text: attachments, is furnished as Exhibit 99.1 to this report. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE BAXTER REPORTS THIRD-QUARTER 2022 RESULTS • Third-quarter revenue of $3.8 billion increased 17% on a reported basis, 23% on a constant currency basis and rose slightly on an operational basis 1 • Third-quarter U.S. GAAP earnings (loss) per share (EPS) were
  evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828022027148/0001628280-22-027148-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.