Bausch + Lomb Corp · Q1 2024 earnings

Briefing

Reported revenue of $1.099 billion, a GAAP net loss of $167 million, and an adjusted EBITDA of $180 million.

Bausch + Lomb reported strong first-quarter 2024 results, with revenue reaching $1.099 billion, an 18% increase as reported and a 20% increase on a constant currency basis compared to the first quarter of 2023. This growth was driven by outperformance across all business segments and geographies. The company is raising its full-year 2024 constant currency revenue growth guidance.

• Revenue of $1.099 Billion
• GAAP Net Loss Attributable to Bausch + Lomb Corporation of $167 Million
• Adjusted EBITDA (non-GAAP) of $180 Million
• Revenue Grew 18% as Reported and 20% on a Constant Currency Basis Compared to the First Quarter of 2023, Driven by Growth Across All Business Segments

Headline financials

Revenue & EPS history

Bausch + Lomb is raising full-year 2024 constant currency revenue growth guidance from 12-14% to 13-15%. Full-year revenue is expected to be in the range of $4.600 – $4.700 billion. Full-year Adjusted EBITDA (non-GAAP) is expected to be in the range of $840 – $890 million. Foreign exchange revenue headwinds are now expected to be approximately $90 million for the full-year.