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Jun 30, 2023

Bausch Health Q2 2023 Earnings Report

Bausch Health announced second-quarter 2023 results, raised full-year 2023 revenue outlook, and provided other key updates from the quarter.

Key Takeaways

Bausch Health reported a strong second quarter with revenue of $2.17 billion, up 10% reported and 11% organic. GAAP net income attributable to Bausch Health Companies Inc. was $26 million, and adjusted EBITDA was $727 million, up 4%. The company raised its full-year revenue outlook and reaffirmed its adjusted EBITDA guidance.

Favorable Motion Ruling in Xifaxan® Litigation Reinforces Continuing Salix Growth Strategy

Balance Sheet Initiatives Further Enhance Liquidity Profile

Continued Evaluation of Optimal Implementation of Potential Bausch + Lomb Distribution

Revenue of $2.17 billion, Up 10% Reported and 11% Organic

Total Revenue
$2.17B
Previous year: $1.97B
+10.2%
EPS
$0.81
Previous year: $0.55
+47.3%
Adjusted EBITDA
$727M
Previous year: $701M
+3.7%
Gross Profit
$1.52B
Previous year: $1.39B
+9.2%
Cash and Equivalents
$588M
Previous year: $659M
-10.8%
Free Cash Flow
$178M
Previous year: $71M
+150.7%
Total Assets
$25.5B
Previous year: $28.2B
-9.5%

Bausch Health

Bausch Health

Bausch Health Revenue by Segment

Forward Guidance

The Company increased its full year revenue guidance and reaffirmed its Adjusted EBITDA1 guidance for Total Bausch Health

Revenue & Expenses

Visualization of income flow from segment revenue to net income