Bausch & Lomb Corp

BLCO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$39.00	Nsczsc	Hptdwqrxh

Bausch & Lomb Earnings: Solid Quarter on Broad-Based Growth but Cutting FVE After Updating Drivers

Keonhee Kim

May 2, 2024

Narrow-moat Bausch & Lomb reported first-quarter earnings that came largely in line our expectations. Total sales of $1.0 billion were up 18% year over year from strong demand in consumer products and a substantial sales hike in the ophthalmic pharmaceuticals segment thanks to Xiidra and Miebo contributions. Despite unfavorable foreign exchange, which created about $20 million in headwinds, strong execution across categories made for a solid quarter.

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