earnings
confidence high
sentiment positive
materiality 0.75
Bausch + Lomb Q3 revenue $1.196B (+19% YoY); raises FY2024 revenue guidance
Bausch & Lomb Corp
2024-Q3 EPS reported
-$0.89
revenue$3,511,000,000
- GAAP net income $4M vs net loss of $84M YoY; adjusted EPS $0.13 ($0.17 ex-IPR&D).
- Adjusted EBITDA $212M ($227M ex-IPR&D) vs $187M YoY, driven by broad-based sales growth.
- Pharmaceuticals revenue surged 76% to $306M on XIIDRA acquisition and MIEBO launch.
- FY2024 revenue guidance raised to $4.725-4.825B (prior $4.70-4.80B); adjusted EBITDA outlook unchanged.
- Cash flow from operations $154M, up from $48M YoY, aided by gross profit and working capital.