Baxter International’s Financial Performance
Baxter International (BAX) generated net sales of $2.7 billion in the first quarter of 2018 compared to $2.5 billion in Q1 2017. Baxter’s gross margins were affected by a negative impact from foreign exchange rates and the impact of lost sales due to Hurricane Maria and incremental supply chain costs in the first quarter. The company’s gross profit increased marginally from $1 billion in Q1 2017 to $1.1 billion in Q1 2018.