Baxter International announced Michael R. McDonnell’s appointment to its Board of Directors effective February 13, 2026, while Cathy R. Smith and Stephen H. Rusckowski will resign. The company reported a Q4 loss of $1.13 billion despite revenue exceeding estimates at $2.97 billion. Adjusted EPS of 44 cents, however, fell below expectations, leading to a 16% drop in shares.
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Key facts: Baxter International appoints McDonnell; reports Q4 loss
Baxter International announced Michael R. McDonnell’s appointment to its Board of Directors effective February 13, 2026, while Cathy R. Smith and Stephen H. Rusckowski will resign. The company reported a Q4 loss of $1.13 billion despite revenue exceeding estimates at $2.97 billion. Adjusted EPS of 44 cents, however, fell below expectations, leading to a 16% drop in shares.