Bausch + Lomb, a leading global eye health company, has announced its fourth-quarter and full-year 2024 financial results, showcasing a solid performance and growth across all segments.
In the fourth quarter of 2024, Bausch + Lomb reported revenue of $1.280 billion, representing a 9% increase compared to the same period in 2023. Adjusted EBITDA, excluding acquired IPR&D, was $259 million for the quarter, reflecting a growth of 11% on a constant currency basis.
For the full year of 2024, the company reported revenue of $4.791 billion, marking a 16% increase compared to 2023. Adjusted EBITDA, excluding acquired IPR&D, stood at $878 million, showcasing a 17% growth on a constant currency basis.
Revenue growth was observed across all segments, with the Vision Care segment reporting revenue of $723 million in the fourth quarter of 2024, marking a 9% increase from the same period in 2023. The Surgical segment also saw significant growth, with revenue of $231 million, reflecting a 13% increase compared to the fourth quarter of 2023. The Pharmaceuticals segment reported revenue of $326 million, representing a 6% increase from the fourth quarter of 2023.
The company's operating income for the fourth quarter of 2024 was $87 million, a substantial increase from $49 million in the same period of 2023. However, the net loss attributable to Bausch + Lomb Corporation for the fourth quarter of 2024 was $3 million, a significant improvement from the net loss of $54 million in the fourth quarter of 2023.
For the full year of 2024, Bausch + Lomb's adjusted net income attributable to the corporation was $204 million, compared to $258 million in 2023. The company reported cash flow from operations of $232 million for the full year of 2024, representing a significant increase from the cash flow used in operations of $17 million in 2023.
Looking ahead, Bausch + Lomb provided guidance for the full year of 2025, projecting a revenue range of $4.950 billion to $5.050 billion, with approximately 5.5% to 7.5% constant currency growth. The company also anticipates adjusted EBITDA, excluding acquired IPR&D, to range between $900 million and $950 million for the full year of 2025. However, the company noted potential foreign exchange headwinds, projecting a negative impact of $100 million on full-year revenue and $20 million on adjusted EBITDA for the same period.
Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $16.22. Check out the company's full 8-K submission here.