Bausch + Lomb Q4 2023 Earnings Report
Key Takeaways
Bausch + Lomb reported Q4 2023 revenue of $1.173 billion, an 18% increase compared to Q4 2022. The company's GAAP net loss attributable to Bausch + Lomb Corporation was $54 million. Revenue growth was driven by growth across all segments.
Revenue of $1.173 Billion.
GAAP Net Loss Attributable to Bausch + Lomb Corporation of $54 Million.
Adjusted EBITDA (non-GAAP) of $231 Million.
Revenue Grew 18% as Reported and 19% on a Constant Currency Basis Compared to the Fourth Quarter of 2022, Driven by Growth Across All Segments
Bausch + Lomb
Bausch + Lomb
Bausch + Lomb Revenue by Segment
Forward Guidance
Bausch + Lomb provided guidance for the full year of 2024. Full-year revenue is expected to be in the range of $4.600 - $4.700 billion, representing approximately 12%-14% constant currency growth. Full-year Adjusted EBITDA is projected to be between $840 - $890 million. Foreign exchange headwinds for the full year are estimated to negatively impact revenue by $40 million.
Positive Outlook
- Full-year revenue: $4.600 - $4.700 billion
- ~12% - 14% constant currency growth
- Full-year Adjusted EBITDA (non-GAAP): $840 - $890 million
Challenges Ahead
- Foreign exchange headwinds for the full year: Revenue: -$40 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income