NYSE$BHC
Bausch Health Companies Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Second quarter results demonstrated impressive overall company growth with strong performance and cash flow generation.
Bausch Health Companies Inc. announced its second-quarter 2021 financial results, demonstrating impressive overall company growth as businesses continue to recover from the COVID-19 pandemic. Total reported revenues were $2.100 billion, an increase of 26% compared to the second quarter of 2020. The company reported a GAAP net loss of $595 million and Adjusted EBITDA of $826 million.
- Revenues of $2.100 Billion
- GAAP Net Loss of $595 Million
- Adjusted EBITDA (non-GAAP) of $826 Million
- GAAP Cash Generated from Operations of $395 Million
Headline financials
Revenue & EPS history
Bausch Health · Revenue · Quarterly
$2.1B
Revenue by segment
Bausch Health · $1.79B total across 4 segments · Q2 2021
- Bausch + Lomb/International$934M+5.8%52.3%
- Salix$516M+27.7%28.9%
- Diversified Products$200M-23.4%11.2%
- Ortho Dermatologics$137M+18.1%7.7%
Forward guidance
Bausch Health revised its revenue and Adjusted EBITDA (non-GAAP) guidance ranges for the full year of 2021, primarily due to the divestiture of Amoun Pharmaceutical Company S.A.E., the impact of a recall of certain Consumer products due to a quality issue at a third-party supplier and the negative impact of foreign exchange:
Tailwinds
- Full-year revenue range of $8.40 – $8.60 billion
- Full-year Adjusted EBITDA (non-GAAP) range of $3.35 – $3.50 billion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.2%
Avg return
Earnings day
-0.6%
Avg return
5 days after
-1.9%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+30.6%
Q1 2017
Best reaction
-21.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.9% | +0.9% | -4.1% | |
| Q4 2025 | -4.5% | -2.7% | -19.1% | |
| Q3 2025 | +12.4% | +14.2% | +7.6% | |
| Q1 2025 | +0.0% | -10.6% | -14.5% | |
| Q4 2024 | +10.3% | +15.8% | +10.0% | |
| Q3 2024 | +12.7% | +13.5% | +2.6% | |
| Q2 2024 | -6.6% | -10.6% | -1.7% | |
| Q1 2024 | -10.6% | -15.3% | -25.0% | |
| Q4 2023 | +5.9% | +5.9% | +10.3% | |
| Q3 2023 | +6.9% | +2.4% | +4.0% | |
| Q2 2023 | -2.9% | -4.6% | -9.3% | |
| Q1 2023 | -21.2% | -20.8% | +11.2% | |
| Q4 2022 | +10.8% | +7.8% | -16.3% | |
| Q3 2022 | +7.5% | +8.4% | +21.4% | |
| Q2 2022 | -3.3% | +2.9% | +14.7% | |
| Q1 2022 | -21.5% | -16.0% | -35.0% | |
| Q4 2021 | -1.9% | +1.9% | -3.3% | |
| Q3 2021 | -4.5% | -1.9% | -17.8% | |
| Q2 2021 | -15.5% | -10.1% | -0.7% | |
| Q1 2021 | -10.8% | -10.6% | +0.9% | |
| Q4 2020 | -0.9% | +0.6% | -1.8% | |
| Q3 2020 | -3.1% | -4.0% | +11.0% | |
| Q2 2020 | -7.2% | -9.2% | -16.3% | |
| Q1 2020 | -1.8% | +0.2% | +12.4% | |
| Q4 2019 | -5.8% | -7.3% | -51.3% | |
| Q3 2019 | +0.8% | +1.1% | +10.6% | |
| Q2 2019 | -4.0% | -3.0% | -6.9% | |
| Q1 2019 | +8.7% | +8.0% | -9.0% | |
| Q4 2018 | -6.7% | -7.3% | -2.0% | |
| Q3 2018 | +6.1% | +6.4% | -5.2% | |
| Q2 2018 | +5.4% | -2.9% | -7.3% | |
| Q1 2018 | +11.5% | +14.8% | +37.4% | |
| Q4 2017 | -17.5% | -16.8% | -13.9% | |
| Q3 2017 | +23.6% | +27.7% | +46.4% | |
| Q2 2017 | -8.5% | -9.6% | -12.9% | |
| Q1 2017 | +30.6% | +40.0% | +36.6% | |
| Q4 2016 | -18.7% | -21.8% | -33.7% | |
| Q3 2016 | -15.9% | -5.9% | -19.3% | |
| Q2 2016 | +21.7% | +11.0% | +33.5% | |
| Q1 2016 | -17.1% | -16.3% | -18.6% | |
| Q4 2015 | -7.4% | — | — | |
| Q3 2015 | -17.4% | — | — | |
| Q2 2015 | +5.4% | — | — | |
| Q1 2015 | +5.6% | — | — | |
| Q4 2014 | +14.7% | — | — | |
| Q3 2014 | +8.5% | — | — | |
| Q2 2014 | -6.1% | — | — | |
| Q1 2014 | -1.6% | — | — | |
| Q4 2013 | -1.0% | — | — | |
| Q3 2013 | +2.0% | — | — | |
| Q2 2013 | +6.2% | — | — | |
| Q1 2013 | +1.8% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | +2.2% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2008 | +6.3% | — | — | |
| Q4 2010 | +6.3% | — | — | |
| Q4 2011 | +6.3% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q2 2011 | +3.9% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q1 2011 | +6.3% | — | — | |
| Q3 2010 | -5.4% | — | — | |
| Q3 2009 | -5.4% | — | — | |
| Q2 2009 | +2.0% | — | — | |
| Q2 2010 | +2.0% | — | — | |
| Q4 2009 | +2.0% | — | — |
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