EarningsDespite challenges, adjusted EPS of $0.69 surpassed the consensus estimate of $0.60, aided by a lower-than-expected tax rate.
Financial HealthThe dividend cut is seen as a first sign of how aggressive new CEO Andrew Hider will be in improving BAX’s overall financial health via deleveraging and an improving balance sheet.
Operational EfficiencyCEO Andrew Hider introduced a near-term action plan focusing on business stabilization, balance sheet enhancement, and operational efficiency improvement.