Baxter updates long-term guidance ahead of 2022 investor event

May 25, 2022 10:01 AM ETBaxter International Inc. (BAX)By: Dulan Lokuwithana, SA News Editor

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  • Baxter International (NYSE:BAX) revised its long-term financial guidance on Wednesday ahead of the medical equipment maker’s investor conference.
  • The event reserved for both in-person and virtual attendees, will be the company’s first since it acquired the MedTech player Hillrom in Dec. 2021.
  • In conjunction with the conference, Baxter (BAX) updated its 2025 - 25 estimates for constant currency sales growth to 4% – 5% on a compounded annual basis.
  • The incremental annual revenue synergies are expected to reach up to $200 million by 2025.
  • The company projects its 2025 adj. operating margin to expand by 350 to 400 basis points compared to the forecast for 2022.
  • In addition, it expects the free cash flow conversion to exceed 80% by 2025, when Hillrom is expected to add up to $350 million of annual pre-tax cost synergies.
  • Read about the company’s recently issued financial guidance for this year.

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