NYSE:BLCO

Bausch + Lomb Announces First-Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024

Net loss attributable to Bausch + Lomb Corporation for the first quarter of 2024 was $167 million, as compared to $90 million for the first quarter of 2023, an unfavorable change of $77 million.

Key Points: 
  • Net loss attributable to Bausch + Lomb Corporation for the first quarter of 2024 was $167 million, as compared to $90 million for the first quarter of 2023, an unfavorable change of $77 million.
  • Adjusted net income attributable to Bausch + Lomb Corporation (non-GAAP)1 for the first quarter of 2024 was $24 million, as compared to $34 million for the first quarter of 2023, a decrease of $10 million.
  • GAAP Earnings Per Share (“EPS”) Basic and Diluted attributable to Bausch + Lomb Corporation for the first quarter of 2024 was ($0.48), as compared to ($0.26) for the first quarter of 2023.
  • Adjusted EPS attributable to Bausch + Lomb Corporation (non-GAAP)1 for the first quarter of 2024 was $0.07, as compared to $0.10 for the first quarter of 2023.

Bausch + Lomb Announces Presentation of New Data at the Association for Research in Vision and Ophthalmology Annual Meeting

Retrieved on: 
Monday, April 29, 2024

The posters highlight the results of studies evaluating consumer, pharmaceutical, surgical and vision care products from the company’s broad eye care portfolio, as well as pipeline innovations.

Key Points: 
  • The posters highlight the results of studies evaluating consumer, pharmaceutical, surgical and vision care products from the company’s broad eye care portfolio, as well as pipeline innovations.
  • “A Natural Language Processing Approach to Identify Patients with Uveitic Macular Edema in the IRIS® Registry.” Jin et al.
  • “Clinical Evaluation of a Multi-Ingredient Oral Supplement on Dry Eye Symptoms and Tear Volume.” Barbour et al.
  • “Impact of Pupil Size on Vision Performance of a New Multifocal Daily Disposable Contact Lens.” Reindel et al.

Bausch + Lomb Announces Statistically Significant Results From a Clinical Study of a Novel Daily Nutritional Supplement for Dry Eyes

Retrieved on: 
Thursday, April 25, 2024

The clinical study met both primary endpoints:

Key Points: 
  • The clinical study met both primary endpoints:
    Change from baseline at day 56 in ocular symptoms measured by OSDI score.
  • The study also met secondary endpoints, showing statistically significant improvements in tear-film break-up time (TBUT), osmolarity, ocular surface health and presence of an inflammatory marker.
  • “More than 150 million people experience dry eyes in the U.S.,” said Yehia Hashad, M.D., executive vice president, Research & Development and chief medical officer, Bausch + Lomb.
  • “This could represent a significant opportunity for consumers looking for options when it comes to long-lasting dry eye symptom relief.”

Bausch + Lomb Reports More Than 84 Million Units of Contact Lenses, Lens Care and Eye Care Materials Collected Through Innovative Recycling Programs

Retrieved on: 
Thursday, April 18, 2024

Contact lenses, eye care and lens care materials are typically not processed in standard recycling facilities due to their small size and the type of plastic used to manufacture them.

Key Points: 
  • Contact lenses, eye care and lens care materials are typically not processed in standard recycling facilities due to their small size and the type of plastic used to manufacture them.
  • Eye health packaging materials collected through the Bausch + Lomb recycling programs are used to create various post-consumer products like picnic tables and benches.
  • The Biotrue Eye Care Recycling program, which launched in April 2021, has collected nearly 825,000 eye drop single dose units, lens cases, lens solution caps, as well as all Biotrue-branded eye drop bottles2.
  • In addition to the U.S., Bausch + Lomb has a similar contact lens recycling program in Canada called Every Contact Counts .

Bausch + Lomb Will Release First-Quarter 2024 Financial Results on May 1

Retrieved on: 
Monday, April 15, 2024

Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, will release its first-quarter 2024 financial results on Wednesday, May 1, 2024.

Key Points: 
  • Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, will release its first-quarter 2024 financial results on Wednesday, May 1, 2024.
  • Bausch + Lomb will host a conference call and live webcast at 8 a.m.
  • ET to discuss the results and provide a business update.
  • All materials will be made available on the Investor Relations section of the Bausch + Lomb website prior to the start of the call.

Bausch + Lomb Will Present New Scientific Data and Analyses at the American Society of Cataract and Refractive Surgery Annual Meeting

Retrieved on: 
Wednesday, March 27, 2024

In addition to these scientific presentations, the company will also sponsor educational events focused on these and other Bausch + Lomb products.

Key Points: 
  • In addition to these scientific presentations, the company will also sponsor educational events focused on these and other Bausch + Lomb products.
  • Bausch + Lomb activities at ASCRS:
    “Assessment of the Spectacle Independence and Visual Outcomes Following Bilateral Implantation of a Novel Toric IOL* Among Cataract Patients.” Harasymowycz et al.
  • “Outcomes of an Ultra-Low Cylinder Powered (0.90 D) Toric versus Non-Toric IOL in Low Astigmatic Patients Undergoing Cataract Surgery.” Muzychuk et al.
  • “Quality of Vision and Clinical Outcomes of a Novel Trifocal IOL* Implanted Bilaterally After Cataract Surgery: A Canadian Multicenter Study.” Harasymowycz et al.

Emergent BioSolutions Appoints Industry Leader Joseph C. Papa as New President and CEO

Retrieved on: 
Wednesday, February 21, 2024

Mr. Papa succeeds Haywood Miller, who will step down from his role as interim CEO, effective February 21, 2024.

Key Points: 
  • Mr. Papa succeeds Haywood Miller, who will step down from his role as interim CEO, effective February 21, 2024.
  • "Following a thorough search process, we are pleased to appoint Joe Papa as president and CEO of Emergent,” said Zsolt Harsanyi, Ph.D., chairman of the Board of Directors.
  • “He is a recognized industry leader with unparalleled experience in all facets of the pharmaceutical and healthcare industry.
  • “I am confident that these important products provide for a bright future ahead as Emergent continues to lead in public health preparedness.

Bausch + Lomb Announces Appointment of Karen L. Ling to Board of Directors

Retrieved on: 
Wednesday, February 28, 2024

Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced that Karen L. Ling has been appointed to its Board of Directors (the “Board”), effective immediately.

Key Points: 
  • Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced that Karen L. Ling has been appointed to its Board of Directors (the “Board”), effective immediately.
  • Current director Richard De Schutter will retire from the Board effective as of the company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”).
  • With Ms. Ling’s appointment, the Board has been temporarily expanded to 11 members and is expected to revert to 10 directors following the Annual Meeting.
  • “Since my return to the company, Richard has been a trusted advisor,” said Brent Saunders, chairman and CEO, Bausch + Lomb.

Bausch + Lomb Announces Fourth-Quarter and Full-Year 2023 Results and Provides 2024 Guidance

Retrieved on: 
Wednesday, February 21, 2024

For the fourth quarter of 2023, the change was primarily due to higher interest expense and the decrease in operating results noted above.

Key Points: 
  • For the fourth quarter of 2023, the change was primarily due to higher interest expense and the decrease in operating results noted above.
  • Adjusted EPS attributable to Bausch + Lomb Corporation (non-GAAP)1 for the fourth quarter of 2023 was $0.24, as compared to $0.23 for the fourth quarter of 2022.
  • Adjusted EPS attributable to Bausch + Lomb Corporation (non-GAAP)1 for the full year of 2023 was $0.73, as compared to $1.07 for the full year of 2022.
  • Bausch + Lomb provided guidance for the full year of 2024, as follows.

Bausch + Lomb Will Release Fourth-Quarter and Full-Year 2023 Financial Results on February 21

Retrieved on: 
Monday, February 5, 2024

Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, will release its fourth-quarter and full-year 2023 financial results on Wednesday, Feb. 21, 2024.

Key Points: 
  • Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, will release its fourth-quarter and full-year 2023 financial results on Wednesday, Feb. 21, 2024.
  • Bausch + Lomb will host a conference call and live webcast at 8 a.m.
  • ET to discuss the results and provide a business update.
  • All materials will be made available on the Investor Relations section of the Bausch + Lomb website prior to the start of the call.