Baxter International Inc (NYSE:BAX)

$ 33.9 -0.1 (-0.29%) Market Cap: 17.27 Bil Enterprise Value: 28.42 Bil PE Ratio: 6.52 PB Ratio: 2.11 GF Score: 75/100

Baxter International Inc at Barclays Global Healthcare Conference Transcript

Mar 12, 2019 / 07:20PM GMT

Release Date Price: $75.68 (+0.75%)

Transcript

Kristen Marie Stewart

Barclays Bank PLC, Research Division - Research Analyst

All right. Thanks, everyone, for joining us here for an afternoon session around the MedTech Track. I'm Kristen Stewart, the device analyst. I am very happy to have Baxter International here with us. So we have Jay Saccaro, the company's CFO; as well as Clare Trachtman, Investor Relations. We're going to keep this very interactive, keep you guys awake and alert. And we're going to be using the audience-response questions quite a bit. So the lovely BlackBerry-like devices at your seats. Please grab it, and get ready for the first question that I'm going to fire off. So just a little bit of background context here. So Baxter's long-range plan calls for a sales CAGR of 5% over the 2018 to 2023 period. They're actually expecting 4% to 5% growth in 2018 to 2020, but I want to ask about your view on the achievability of the acceleration to 5% to 6% over the 2020 to 2023 period, again, kind of, 4% to 5%, 5% to 6%, getting to the total of 5% over the 5 year. So how do you view this growth goal, too aggressive, reasonable or conservative

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