BAX - Baxter International Inc. (BAX) Q1 2024 Earnings Call Transcript
2024-05-02 10:45:38 ET
Baxter International Inc. (BAX)
Q1 2024 Earnings Conference Call
May 02, 2024 08:30 AM ET
Company Participants
Clare Trachtman - Vice President, Investor Relations
Joe Almeida - Chairman & Chief Executive Officer
Joel Grade - Executive Vice President & Chief Financial Officer
Conference Call Participants
Vijay Kumar - Evercore ISI
Pito Chickering - Deutsche Bank
Larry Biegelsen - Wells Fargo
Robbie Marcus - JPMorgan
Danielle Antalffy - UBS
Patrick Wood - Morgan Stanley
Travis Steed - Bank of America Securities
Josh Jennings - TD Cowen
Matt Miksic - Barclays
Presentation
Operator
Good morning, ladies and gentlemen. And welcome to Baxter International’s First Quarter 2024 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 rebroadcast 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, Senior Vice President, Chief Investor Relations Officer (sic) [Vice President, Investor Relations] at Baxter International. Ms. Trachtman, you may begin.
Clare Trachtman
Good morning, and welcome to our first quarter 2024 earnings conference call. Joining me today are Joe Almeida, Baxter’s Chairman and Chief Executive Officer; and Joel Grade, Baxter’s Executive Vice President and Chief Financial Officer. On the call this morning, we will be discussing Baxter’s first quarter 2024 financial results along with our financial outlook for the second quarter and full year 2024.
With that, let me start our prepared remarks by reminding everyone that this presentation, including comments regarding our financial outlook for the second quarter and full year 2024; new product development, including the potential impact of recent regulatory clearances with status and potential impact of our ongoing strategic and recent pricing actions, business development, regulatory matters and the macroeconomic environment, including commentary on improving supply chain conditions and evolving customer capital spending trends; contain forward-looking statements that involve risks and uncertainties and of course, our actual results could differ materially from our current expectations. Please refer to today's press release and our SEC filings for more detail concerning factors that could cause actual results to differ materially.
In addition, on today's call, non-GAAP financial measures will be used to help investors understand Baxter's ongoing business performance. A reconciliation of the non-GAAP financial measures being discussed today to the comparable GAAP financial measures is included in the accompanying investor presentation and also available in our earnings release issued this morning, which are both available on our website.
Now, I'd like to turn the call over to Joe. Joe?
Joe Almeida
Thank you, Clare, and good morning, everyone. We appreciate you taking the time to join us. I will begin with an overview of our first quarter results and then provide some updates regarding our ongoing strategic transformation.
Joel Grade will follow with a closer look at our financials as well as our outlook for the second quarter and the remainder of the year. Then, as always, we'll open it up to your questions....
Baxter International Inc. (BAX) Q1 2024 Earnings Call Transcript