NYSE$BHC
Bausch Health Companies Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Bausch Health announced fourth-quarter and full-year 2023 results, with Q4 revenues up 10% on a reported basis and 4% on an organic basis.
Bausch Health reported a 10% increase in fourth-quarter revenues, reaching $2.41 billion, and a net loss attributable to Bausch Health of $39 million. Full-year revenues were $8.76 billion, up 8% from the previous year, with adjusted EBITDA at $869 million for the quarter, up 6% from previous year.
- Fourth-Quarter revenues of $2.41 billion, up 10% on a Reported basis and up 4% on an Organic basis
- Full-Year revenues of $8.76 billion, up 8% on a Reported basis and 7% on an Organic basis
- Full-Year revenue growth in Salix, International, Solta and Bausch + Lomb segments on both a Reported and Organic basis
- Adjusted EBITDA Attributable to Bausch Health Companies Inc. of $869 million for the quarter, up 6%
Headline financials
Revenue & EPS history
Bausch Health · Revenue · Quarterly
$2.41B
Revenue by segment
Bausch Health · $1.88B total across 3 segments · Q3 2023
- Bausch + Lomb/International$1.01B+6.9%53.6%
- Salix$614M+12.9%32.7%
- Diversified Products$259M+8.8%13.8%
Forward guidance
The Company updated its full-year revenue and Adjusted EBITDA (non-GAAP) guidance:
Tailwinds
- Revenues (in Billions) $9.300 – $9.550
- BHC (excl. B+L) Revenues (in Billions) $4.700 – $4.850
- B+L Revenues (in Billions) $4.600 - $4.700
- Organic growth vs. Prior Year 2%-5%
- Adjusted EBITDA (in Billions) $3.20 - $3.35
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 2023
+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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