NYSE$BLCO

Bausch + Lomb Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter results for 2022 announced, demonstrating the strength of the integrated eye care platform.

Bausch + Lomb reported $941 million in revenues for Q2 2022, a 1% increase compared to Q2 2021. GAAP Net Income was $5 million. The company reaffirmed its 2022 full-year revenue and adjusted EBITDA guidance ranges.

  • Revenues of $941 Million
  • GAAP Net Income of $5 Million
  • Adjusted EBITDA (non-GAAP) of $182 Million
  • GAAP Cash Flow from Operations of $156 Million

Headline financials

Total Revenue

$941M

Previous: $934M+0.7%
EPS (adj)

$0.29

Previous: $0.12+141.7%
Capital Expenditures

-$76M

Previous: $45M-268.9%
Free Cash Flow

-$71M

Previous: $205M-134.6%
Net Income

$5M

Previous: $44M-88.6%
Operating Income

$56M

Previous: $58M-3.4%
Gross Profit

$562M

Previous: $567M-0.9%
Cash & Equivalents

$437M

Previous: $281M+55.5%
Total Assets

$11B

No prior period
Stock-Based Comp

$11M

Previous: $15M-26.7%

Revenue & EPS history

Bausch + Lomb · Revenue · Quarterly

$941M

Q2 2022+0.7%vs Q2 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Bausch + Lomb · $941M total across 3 segments · Q2 2022

  • Vision Care
    $589M+5.9%
  • Surgical
    $184M-0.5%
  • Pharmaceuticals
    $168M-13.0%

Forward guidance

Bausch + Lomb maintained guidance for the full year of 2022 as follows: •Full-year revenue range of $3.75 – $3.80 billion, reflecting anticipated 4-5% organic1,2 growth •Full-year Adjusted EBITDA (non-GAAP)1 range of $740 – $780 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.0%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-1.0%

Avg return

30 days after

43%

9 / 21 earnings

Positive

+18.7%

Q4 2023

Best reaction

-15.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%+2.9%-1.0%
Q4 2025+0.2%+1.5%-11.3%
Q3 2025+2.1%+0.3%+6.5%
Q1 2025-15.7%-17.1%-16.4%
Q4 2024-0.3%-3.3%-4.8%
Q3 2024-2.3%-4.3%-4.5%
Q2 2024-0.1%-8.7%-2.6%
Q1 2024-4.7%-0.7%+5.5%
Q4 2023+18.7%+15.7%+10.8%
Q3 2023+4.6%+2.9%-4.3%
Q2 2023-2.5%-3.4%-7.2%
Q1 2023+0.1%+4.6%+4.4%
Q4 2020+0.4%-3.7%-14.1%
Q4 2022+0.4%-3.7%-14.1%
Q3 2022-4.9%+5.6%+7.9%
Q3 2021-4.9%+5.6%+7.9%
Q2 2022+4.7%+6.3%+1.2%
Q2 2021+4.7%+6.3%+1.2%
Q1 2022-6.8%-14.6%+5.0%
Q4 2021-6.8%-14.6%+5.0%
Q1 2021-6.8%-14.6%+5.0%
Q3 2020
Q2 2020
Q1 2020

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