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Stock impact report

Bausch Health (BHC) Q3 2024 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Bausch Health Companies Inc. (BHC) 
Last bausch health companies inc. earnings: 2/19 06:59 am Check Earnings Report
Chief Financial Officer — Jean-Jacques Charhon TAKEAWAYS Revenue (Excluding Bausch + Lomb) -- Increased 7% on a reported basis, and 8% organically, with organic growth in all segments. Adjusted EBITDA (Excluding Bausch + Lomb) -- Rose 9% year over year to $723 million. Cash Flow from Operations (Excluding Bausch + Lomb) -- Adjusted operating cash flow was $343 million, a 75% increase from the prior year. Full-Year Guidance Raised -- Management increased full-year targets across revenue, adjusted EBITDA, and adjusted operating cash flow, with revenue guidance midpoint raised by $40 million, and organic growth guidance now at 4%-6%. Adjusted Gross Margin -- Reached 82.5% for Bausch Health (excluding Bausch + Lomb), up approximately 130 basis points from last year. Salix Segment -- Revenues rose to $642 million, up 5% year over year, driven by broad-based brand strength; XIFAXAN grew 7%, despite a 15% reduction in wholesaler channel inventory versus last year. Internatio Show less Read more
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