NYSE$BHC

Bausch Health Companies Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Bausch Health announced an agreement with Carl C. Icahn, appointing two new directors to the board and securing Icahn's support for all Bausch Health nominees at the 2021 Annual Meeting.

Bausch Health reached an agreement with the Icahn Group, appointing Brett Icahn and Steven Miller as new independent directors to the Board, effective mid-March 2021. The Icahn Group, owning approximately 7.83% of the Company’s outstanding common stock, agreed to vote in favor of the Board’s nominees at the 2021 Annual Meeting.

  • Two new independent directors, Brett Icahn and Steven Miller, will be appointed to Bausch Health's Board in mid-March 2021.
  • The Icahn Group, holding approximately 7.83% of Bausch Health's common stock, will support all Bausch Health nominees at the 2021 Annual Meeting.
  • The new directors will serve on the Finance and Transactions Committee and the committee assisting with evaluating strategic alternatives, including the potential spin-off of the eye health business.
  • The agreement aims to unlock unrecognized value in Bausch Health and build on progress in capitalizing on areas of unmet medical need and gaining market share.

Headline financials

Total Revenue

$2.21B

Previous: $2.22B-0.5%
EPS (adj)

$1.33

Previous: $1.12+18.7%
Capital Expenditures

$80M

Previous: $78M+2.6%
Free Cash Flow

$314M

Previous: $156M+101.3%
Net Income

-$153M

Previous: -$1.52B+89.9%
Operating Income

-$5M

Previous: -$1.08B+99.5%
Gross Profit

$1.57B

Previous: $1.59B-1.3%
Cash & Equivalents

$605M

Previous: $3.24B-81.4%
Total Assets

$31.2B

Previous: $33.9B-7.9%
Stock-Based Comp

$24M

Previous: $25M-4.0%

Revenue & EPS history

Bausch Health · Revenue · Quarterly

$2.21B

Q4 2020-0.5%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Bausch Health · $1.88B total across 3 segments · Q3 2023

  • Bausch + Lomb/International
    $1.01B+6.9%
  • Salix
    $614M+12.9%
  • Diversified Products
    $259M+8.8%

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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