The latest announcement is out from Baxter International ( (BAX) ).
Baxter International Inc. has reported that its North Cove facility in North Carolina has been significantly affected by Hurricane Helene, resulting in production halts. The company is collaborating with government agencies and local authorities to address the damage and resume operations swiftly to reduce supply disruptions for patients. In response to the crisis, Baxter is actively managing their inventory and leveraging its global manufacturing network. Additionally, the Baxter International Foundation is dedicating $1.5 million to support local community recovery, including matching employee donations to aid efforts. Despite these measures, the company anticipates a negative financial impact from the disruption and plans to provide a detailed update in its upcoming quarterly earnings report.
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