NYSE$BLCO
Bausch + Lomb Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced fourth-quarter and full-year 2023 results, exceeding revenue expectations and setting a positive tone for 2024.
Bausch + Lomb reported Q4 2023 revenue of $1.173 billion, an 18% increase compared to Q4 2022. The company's GAAP net loss attributable to Bausch + Lomb Corporation was $54 million. Revenue growth was driven by growth across all segments.
- Revenue of $1.173 Billion.
- GAAP Net Loss Attributable to Bausch + Lomb Corporation of $54 Million.
- Adjusted EBITDA (non-GAAP) of $231 Million.
- Revenue Grew 18% as Reported and 19% on a Constant Currency Basis Compared to the Fourth Quarter of 2022, Driven by Growth Across All Segments
Headline financials
Revenue & EPS history
Bausch + Lomb · Revenue · Quarterly
$1.17B
Revenue by segment
Bausch + Lomb · $1.01B total across 3 segments · Q3 2023
- Vision Care$648M+8.4%64.3%
- Surgical$185M+7.6%18.4%
- Pharmaceuticals$174M+1.2%17.3%
Forward guidance
Bausch + Lomb provided guidance for the full year of 2024. Full-year revenue is expected to be in the range of $4.600 - $4.700 billion, representing approximately 12%-14% constant currency growth. Full-year Adjusted EBITDA is projected to be between $840 - $890 million. Foreign exchange headwinds for the full year are estimated to negatively impact revenue by $40 million.
Tailwinds
- Full-year revenue: $4.600 - $4.700 billion
- ~12% - 14% constant currency growth
- Full-year Adjusted EBITDA (non-GAAP): $840 - $890 million
Headwinds
- Foreign exchange headwinds for the full year: Revenue: -$40 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 Q4 2023
-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
| Quarter | Report date | Reaction (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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