---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-013356"
form_type: "8-K"
ticker: "BAX"
cik: "0000010456"
company_name: "BAXTER INTERNATIONAL INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:51:36.978616+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Baxter Q1 revenue $3.65B (-2%); adjusted EPS $0.59 beats guidance

## Summary
- Q1 revenue $3.65B, -2% reported, +2% constant currency, exceeding prior guidance.
- GAAP EPS $0.09; adjusted EPS $0.59, down 37% YoY but above guidance.
- Full-year 2023 guidance: GAAP EPS $1.16-$1.31; adjusted $2.85-$3.00; sales growth 1-2% reported.
- Q2 guidance: sales growth 1-2% reported; adjusted EPS $0.59-$0.61.
- Kidney Care spinoff expected by July 2024 or earlier; new operating model into 4 segments underway.

## SEC filing metadata
- accession: 0001628280-23-013356
- form_type: 8-K
- ticker: BAX
- cik: 0000010456
- company_name: BAXTER INTERNATIONAL INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000162828023013356/0001628280-23-013356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000162828023013356/bax-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-013356
- JSON: https://secwatch.observer/filing/0001628280-23-013356.json
- Plain text: https://secwatch.observer/filing/0001628280-23-013356.txt

## Key facts
- Earnings Releases
  BAXTER INTERNATIONAL INC reported first quarter of 2023 results: revenue $3.65 billion, net income $44 million, EPS $0.09 per diluted share. Guidance initiated.
  - Period: first quarter of 2023
  - Revenue: $3.65 billion
  - Net income: $44 million
  - EPS: $0.09 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: First-quarter revenue of $3.65 billion decreased 2% on a reported basis and increased 2% on a constant currency basis 1 • First-quarter U.S. GAAP earnings per share (EPS) totaled $0.09; Adjusted EPS totaled $0.59
  evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828023013356/0001628280-23-013356-index.htm

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