Bausch Health Companies Inc (NYSE:BHC)

$ 7.53 0.05 (0.67%) Market Cap: 2.78 Bil Enterprise Value: 24.44 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 78/100

Q3 2024 Bausch Health Companies Inc Earnings Call Transcript

Oct 30, 2024 / 09:00PM GMT

Release Date Price: $8.17 (+0.12%)

Transcript 10-Q8-K

Thomas Appio

Bausch Health Companies Inc - Chief Executive Officer, Director

Strategic priorities while maintaining our focus on patient-centered outcomes. I am pleased to share that we delivered a sixth consecutive quarter of year-over-year growth in revenue and in adjusted EBITDA. While JJ will talk in more detail about our financial results, I will touch briefly on our performance. Revenues for Bausch Health, excluding Bausch + Lomb, increased 7% on a reported basis and 8% on an organic basis when compared to the third quarter of 2023 and with organic growth in all segments.

Adjusted EBITDA for Bausch Health, excluding Bausch + Lomb, increased by approximately 9% compared to the prior year period. Therefore, we are raising Bausch Health's full year 2024 guidance, excluding Bausch + Lomb across multiple metrics, including revenue, adjusted EBITDA and adjusted operating cash flow. Moving on to Page 6, we had a strong quarter underscoring the success of the strategic initiatives, we not only delivered strong financial outcomes, but we made significant strides in meeting our 2024 objectives.

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