First-Quarter 2022 Earnings
Performance Highlights
Baxter
First-Quarter 2022
$3.7B
Sales
Key Metrics
Gross Margin
YOY Change
Operating Margin
YOY Change
Diluted EPS
YOY Change
+26% Reported
+29% Constant Currency¹
+3% Operational²
U.S. GAAP Adjusted ³
36.4%
45.0%
(250 bps)
+300 bps
4.4%
18.0%
(880 bps)
+100 bps
$0.14
$0.93
(76%)
+22%
¹Constant currency sales growth excludes the impact of foreign exchange. 2Operational sales growth excludes the impact of foreign exchange and the acquisition of Hillrom, ³Non-GAAP
financial metrics referenced in this slide include constant currency sales growth and operational sales growth, adjusted gross margin, adjusted operating margin, and adjusted diluted EPS. A 5
reconciliation to comparable U.S. GAAP measures can be found herein and is available at www.baxter.com.
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