Mar 31, 2024

Bausch Health Q1 2024 Earnings Report

Bausch Health reported a revenue increase of 11% and solid first-quarter performance, marking the fourth consecutive quarter of year-over-year growth in revenues and adjusted EBITDA.

Key Takeaways

Bausch Health announced strong first quarter 2024 results with revenues of $2.15 billion, up 11% on a reported basis and 8% organically. All segments showed year-over-year revenue growth. The company reaffirmed its full-year revenue and adjusted EBITDA guidance.

First quarter revenues reached $2.15 billion, an 11% increase reported and 8% organically.

All segments experienced year-over-year revenue growth on both reported and organic bases.

GAAP Net Loss Attributable to Bausch Health Companies Inc. was $64 Million.

Adjusted EBITDA Attributable to Bausch Health Companies Inc. (non-GAAP) was $665 Million, a 13% increase.

Total Revenue
$2.15B
Previous year: $1.94B
+10.8%
EPS
$0.59
Previous year: $0.52
+13.5%
Adjusted EBITDA
$665M
Previous year: $588M
+13.1%
Gross Profit
$1.23B
Previous year: $1.36B
-9.4%
Cash and Equivalents
$733M
Previous year: $531M
+38.0%
Free Cash Flow
$129M
Previous year: $107M
+20.6%
Total Assets
$26.9B
Previous year: $25.4B
+5.8%

Bausch Health

Bausch Health

Bausch Health Revenue by Segment

Forward Guidance

The Company reaffirmed its full-year revenue and Adjusted EBITDA (non-GAAP) guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income