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BLCO — Bausch + Lomb News Story

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HealthcareBalancedLarge CapSuper Stock

Bausch + Lomb Q3 profit beats on Vision Care segment strength

Overview

Bausch + Lomb Q3 rev grows 7% yr/yr

Adjusted EPS for Q3 beats consensus, reflecting improved operational performance

Company reports GAAP net loss of $28 mln due to increased tax provisions

Outlook

Bausch + Lomb maintains full-year revenue guidance at $5.050 bln to $5.150 bln

Company raises lower end of full-year adjusted EBITDA guidance to $870 mln

Result Drivers

VISION CARE GROWTH - Vision Care segment revenue increased due to strong performance in dry eye portfolio and contact lenses

PHARMACEUTICALS GROWTH - Pharmaceuticals segment growth driven by increased sales of MIEBO and international expansion

SURGICAL SEGMENT - Modest growth in Surgical segment due to increased equipment sales and implantables, particularly in premium IOLs

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMeet$1.28 bln$1.28 bln (10 Analysts)
Q3 Adjusted EPSBeat$0.18$0.17 (12 Analysts)
Q3 EPS-$0.08
Q3 Adjusted Net IncomeBeat$66 mln$56.30 mln (9 Analysts)
Q3 Net Income-$28 mln
Q3 Adjusted EBITDABeat$243 mln$235.80 mln (10 Analysts)
Q3 Operating Income$95 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy." Wall Street's median 12-month price target for Bausch + Lomb Corp is $15.50, about 1.9% above its October 28 closing price of $15.20 The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago Press Release: ID:nBw9j6p2Ra For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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