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Sep 30, 2023

Bausch + Lomb Q3 2023 Earnings Report

Announced third-quarter 2023 results and raised full-year 2023 guidance.

Key Takeaways

Bausch + Lomb reported a 7% increase in revenue compared to the third quarter of 2022, driven by growth in the Vision Care and Surgical segments. The company also raised its full-year revenue and Adjusted EBITDA guidance.

Revenues of $1.007 Billion.

GAAP Net Loss Attributable to Bausch + Lomb Corporation of $84 Million.

Adjusted EBITDA (non-GAAP) of $187 Million.

Revenues Grew 7% as Reported and 8% on a Constant Currency Basis Compared to the Third Quarter of 2022, Driven by Growth in the Vision Care and Surgical Segments.

Total Revenue
$1.01B
Previous year: $942M
+6.9%
EPS
$0.22
Previous year: $0.31
-29.0%
Gross Profit
$615M
Previous year: $570M
+7.9%
Cash and Equivalents
$360M
Previous year: $297M
+21.2%
Free Cash Flow
$15M
Previous year: -$22M
-168.0%
Total Assets
$13.1B
Previous year: $10.7B
+22.2%

Bausch + Lomb

Bausch + Lomb

Bausch + Lomb Revenue by Segment

Forward Guidance

Bausch + Lomb raised its revenue and Adjusted EBITDA (non-GAAP) guidance for the full year of 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income