In other recent news, Baxter International Inc. announced significant board changes alongside robust Q3 2024 earnings. The company reported a 4% increase in sales year-over-year, reaching $3.85 billion, and an adjusted earnings per share (EPS) of $0.80, exceeding their guidance. This growth was primarily driven by a 7% increase in the Medical (TASE:PMCN) Products & Therapies segment, largely due to demand for the Novum IQ platform. Baxter also announced the impending sale of their Kidney Care business to Carlyle, expected to close in late 2024 or early 2025.

Board changes include the resignation of Mr. Peter M. Wilver from the Board of Directors, effective December 31, 2024, and appointing Mr. Jeffrey A. Craig as the new chairperson of the Audit Committee. Despite operational challenges due to Hurricane Helene, Baxter anticipates a resumed production of IV solutions by late November. The company projects full-year 2024 sales growth at 1% to 2%, with an adjusted EPS of $2.90 to $2.94. Baxter’s executive team remains optimistic about the company’s future, aiming for 4% to 5% top-line growth and an adjusted operating margin of 16.5% in 2025 post-separation from the Kidney Care business. These are recent developments for the company.

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