Sep 30, 2023

Bausch Health Q3 2023 Earnings Report

Bausch Health reported solid third-quarter performance with year-over-year revenue growth in all segments and provided updated full-year revenue and Adjusted EBITDA guidance.

Key Takeaways

Bausch Health announced its third-quarter 2023 financial results, with revenue of $2.24 billion, up 9% on both a Reported and Organic basis. All segments showed year-over-year revenue growth. The company's Adjusted EBITDA was $830 Million, up 8%. They also received FDA approval for CABTREOTM and provided updated full-year Revenue and Adjusted EBITDA guidance.

Revenue of $2.24 billion, up 9% on both a Reported and Organic basis

Year-over-year revenue growth in all segments on both a Reported and Organic Basis

Adjusted EBITDA Attributable to Bausch Health Companies Inc. (non-GAAP) of $830 Million, up 8%

Received U.S. Food and Drug Administration ( FDA ) approval for CABTREOTM (IDP-126)

Total Revenue
$2.24B
Previous year: $2.05B
+9.4%
EPS
$1.03
Previous year: $0.76
+35.5%
Adjusted EBITDA
$830M
Previous year: $766M
+8.4%
Cash from Operations
$281M
Previous year: -$1.26B
-122.2%
Gross Profit
$1.62B
Previous year: $1.46B
+10.5%
Cash and Equivalents
$760M
Previous year: $486M
+56.4%
Free Cash Flow
$240M
Previous year: -$1.32B
-118.2%
Total Assets
$27.1B
Previous year: $26.3B
+2.9%

Bausch Health

Bausch Health

Bausch Health Revenue by Segment

Forward Guidance

The Company updated its full-year revenue and Adjusted EBITDA guidance:

Revenue & Expenses

Visualization of income flow from segment revenue to net income