Bausch Health Companies Inc
TSX:BHC

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Bausch Health Companies Inc
TSX:BHC
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Price: 9.53 CAD -1.35% Market Closed
Market Cap: 3.5B CAD

Bausch Health Companies Inc
Investor Relations

Bausch Health Companies Inc. stands as a prominent player in the global healthcare arena, with its roots stretching back over a century. Originally known as Valeant Pharmaceuticals, the firm has undergone significant transformation, focusing on a diverse array of health-related products and innovations. The company operates primarily in three segments: Bausch + Lomb/International, Salix, and Ortho Dermatologics. Each of these divisions articulates its commitment to enhancing patients' lives through high-quality products that address the complex challenges of eye care, gastroenterology, and dermatology, respectively. The Bausch + Lomb sector, named after its foundational company, is recognized globally for its wealth of eye health products, including contact lenses, lens care products, and ophthalmic pharmaceuticals. This sector is integral to Bausch Health's revenue stream, contributing significantly through its diverse portfolio of over-the-counter and prescription offerings.

At its core, Bausch Health has honed a business model centered around acquiring and developing specialty pharmaceuticals and health-enhancing technologies. Through strategic acquisitions, partnerships, and internal research, the company curates a vast pipeline of treatments and solutions. Revenue generation for Bausch Health is intrinsically linked to its global market footprint, operating in more than 100 countries. Sales teams across these regions work diligently to ensure that healthcare professionals and consumers alike have access to their products. Meanwhile, the company's commitment to innovation helps it remain responsive in rapidly evolving medical fields. The sales and marketing strategies are finely tuned to address regional disparities, leveraging local insights to maximize market penetration and bolster growth. Ultimately, Bausch Health Companies Inc. thrives by bridging high-quality health solutions with unmet global needs, seeking to leave a lasting impact on the lives it touches.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Revenue Growth: Bausch Health (excluding Bausch + Lomb) delivered its 10th consecutive quarter of revenue and adjusted EBITDA growth, with revenue up 7% year-over-year on a reported basis.

Segment Strength: Salix and Solta segments drove strong double-digit growth, with Solta up 25% and Salix up 12% on reported revenue.

Xifaxan Momentum: Xifaxan saw robust sales and prescription growth, supported by investments in marketing and AI-driven sales targeting, and benefited from a one-time pricing boost related to channel exits.

Guidance Raised: Management raised full-year guidance for revenue, adjusted EBITDA, and adjusted operating cash flow, reflecting ongoing operational momentum.

Debt Reduction: The company reduced debt by approximately $600 million using cash on hand and eliminated a high-cost accounts receivable facility.

R&D and Pipeline: The acquisition of DURECT and continued advancement of late-stage pipeline assets, especially in hepatology (larsucosterol and RED-C), were highlighted as drivers for future growth.

Medicare Impact: Management expects the CMS price negotiation and Medicare Part D changes to significantly impact Xifaxan, but overall EBITDA averages for 2026–2027 are expected to remain similar to 2025 guidance.

SG&A and Cash Flow: Lower SG&A in Q3 was attributed to nonrecurring accrual changes, and EBITDA/cash flow guidance was raised more than revenue due to improved conversion assumptions.

Key Financials
Revenue
$2.681 billion
Revenue (excluding Bausch + Lomb)
$1.4 billion
Adjusted EBITDA
$986 million
Adjusted EBITDA (excluding Bausch + Lomb)
$773 million
Adjusted Operating Cash Flow
$508 million
Adjusted Operating Cash Flow (excluding Bausch + Lomb)
$347 million
Adjusted Gross Margin
72.7%
Adjusted Operating Expenses
$1.024 billion
Debt Reduction
$600 million
Salix Revenue
$716 million
International Segment Revenue
$286 million
Solta Medical Revenue
$140 million
Diversified Segment Revenue
$258 million
Bausch + Lomb Revenue
$1.3 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Thomas J. Appio
CEO & Director
No Bio Available
Ms. Seana Carson
Executive VP & General Counsel
No Bio Available
Mr. Jean-Jacques Charhon
Executive VP & CFO
No Bio Available
Mr. Mirza Dautbegovic
Executive VP & COO
No Bio Available
Mr. Garen Sarafian
VP & Head of Investor Relations
No Bio Available
Ms. Kathleen Fitzpatrick
Executive VP and Chief HR & Communications Officer
No Bio Available
Mr. Cees Heiman
Senior Vice President of Europe & Canada
No Bio Available
Mr. Donald Pearl
Senior Vice President of Ortho Dermatologics
No Bio Available
Ms. Jiny Kim M.B.A.
Senior Vice President of Solta Medical
No Bio Available
Ms. Aimee J. Lenar
Executive Vice President of US Pharma
No Bio Available

Contacts

Address
QUEBEC
Laval
2150 Saint-Elzear Blvd W
Contacts
+18003611448.0
www.bauschhealth.com