Baxter sales up 2 pct.

Published: Thursday, April 18, 2013 8:08 a.m. CDT • Updated: Thursday, April 18, 2013 12:22 p.m. CDT

DEERFIELD – Baxter International Thursday reported net income of $552 million and earnings per diluted share of $1, compared to net income of $588 million and earnings per diluted share of $1.04 in the same period last year.

First-quarter 2013 results include after-tax special items totaling $29 million (or $0.05 per diluted share) primarily for deal-related costs associated with Baxter’s planned acquisition of Gambro AB, a global medical technology company.

Worldwide sales of $3.45 billion increased 2 percent compared to $3.39 billion reported in the first quarter of 2012. Sales within the U.S. increased 1 percent, totaling $1.48 billion, while international sales of $1.97 billion increased 2 percent. The impact of foreign currency on sales growth in the quarter was immaterial.

Reader Poll

How far will the Blackhawks advance in the playoffs?
Lose in first round
Lose in second round
Lose in conference final
Lose in Stanley Cup Final
Win Stanley Cup Final