Baxter International Inc.'s (BAX) CEO Joe Almeida on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-04-29 Earnings Summary

EPS of $0.76 beats by $0.11
 | Revenue of $2.95B (5.14% Y/Y) beats by $49.04M

Baxter International Inc. (NYSE:BAX) Q1 2021 Earnings Conference Call April 29, 2021 8:30 AM ET

Company Participants

Clare Trachtman - Vice President, Investor Relations
Joe Almeida - Chairman and CEO
Jay Saccaro - Chief Financial Officer

Conference Call Participants

Robbie Marcus - JPMorgan
Bob Hopkins - BofA Security
Matt Miksic - Crédit Suisse
Pito Chickering - Deutsche Bank
Lawrence Biegelsen - Wells Fargo
Joanne Wuensch - Citi
Matt Taylor - UBS
Vijay Kumar - Evercore ISI

Operator

Good morning, ladies and gentlemen. And welcome to the Baxter International’s First Quarter 2021 Earnings Conference Call. Your lines will remain in a listen-only mode until the question-and-answer segment of today’s call. [Operator Instructions]

As a reminder, this call is being recorded by Baxter and is copyrighted material. It cannot be recorded or re-broadcasted without Baxter’s permission. If you have any objections, please disconnect at this time.

I would now like to turn the call over to Ms. Clare Trachtman, Vice President, Investor Relations at Baxter International. Ms. Trachtman, you may begin.

Clare Trachtman

Good morning. And welcome to our first quarter 2021 earnings conference call. Joining me today are Joe Almeida, Baxter’s Chairman and Chief Executive Officer; and Jay Saccaro, Baxter’s Chief Financial Officer.

On the call this morning, we will be discussing Baxter’s first quarter 2021 financial results and full year 2021 financial outlook. Please note, starting this quarter the financial schedule, which breaks out sales by key product categories will now include the sales of our BioPharma Solutions contract manufacturing unit. Historical schedules reflecting this new structure along with a supplemental presentation to complement this morning’s discussion can be accessed on our website in the Investors section under Events & News. This presentation includes related non-GAAP reconciliations.

With that, let me start our prepared remarks by reminding everyone that this presentation, including

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