Largest US Dialysis Solutions Manufacturer Affected by Flooding

  • Baxter International’s North Cove facility in Marion, NC was damaged by flooding caused by Hurricane Helene
  • The plant is the largest maker of intravenous and peritoneal dialysis solutions in the US
  • A levee breach and damaged bridges led to water permeating the site
  • Baxter moved products to higher ground or secured storage ahead of the storm
  • The company will use its global manufacturing network to mitigate potential supply impact
  • Disruption is expected to hurt financial results, update coming with third-quarter earnings report

A Baxter International plant in western North Carolina, the largest maker of intravenous and peritoneal dialysis solutions in the U.S., was closed due to flooding caused by Hurricane Helene. The company is working to mitigate potential supply impact using its global manufacturing network while it restores operations at the site. The Deerfield, Ill., medical-products maker expects the disruption to hurt financial results and will provide an update when reporting third-quarter earnings.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about the impact of Hurricane Helene on Baxter International’s plant in North Carolina, including details about the extent of the damage, the company’s response, and potential financial implications. It also gives context to the severity of the storm’s effects on the region.
Noise Level: 3
Noise Justification: The article provides relevant information about the impact of Hurricane Helene on Baxter International’s plant in North Carolina and its potential effect on the company’s financial results. It also mentions the efforts to mitigate supply disruptions by using their global manufacturing network. However, it lacks analysis or exploration of long-term trends or consequences.
Public Companies: Baxter International (BAX)
Key People:

Track all markets on TradingView

Financial Relevance: Yes
Financial Markets Impacted: Baxter International
Financial Rating Justification: The article discusses a natural disaster affecting Baxter International’s manufacturing facility, which will likely impact the company’s financial results and operations. This is relevant to financial topics as it involves a company’s performance and potential effects on its earnings.
Presence Of Extreme Event: Yes
Nature Of Extreme Event: Natural Disaster (floods)
Impact Rating Of The Extreme Event: Moderate
Extreme Rating Justification: The flooding caused by Hurricane Helene damaged a major manufacturing facility, leading to potential supply disruptions and financial impacts. The hurricane left a trail of destruction across the southeastern U.S., particularly affecting mountain communities in western North Carolina.
Move Size: No market move size mentioned.
Sector: Healthcare
Direction: Down
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com