The MarketWatch Information Division was not involved in the creation of this material.
LAVAL, QC, Jan. 12, 2021 /PRNewswire by way of COMTEX/ —
LAVAL, QC, Jan. 12, 2021 /PRNewswire/ — Bausch Wellbeing Companies Inc. (NYSE/TSX: BHC) (“Bausch Wellness” or the “Corporation”) will supply a preliminary update on its fourth-quarter and complete-yr 2020 fiscal success and the ongoing pace of its small business recovery from the COVID-19 pandemic tomorrow, Jan. 13, 2021, during a fireside chat at 10 a.m. ET at the 39th Annual J.P. Morgan Healthcare Conference.
Bausch Wellbeing expects its profits in the fourth quarter of 2020 will be increased than $2.20 billion. For the whole yr of 2020, the Organization anticipates it will outperform the higher finish of its latest revenue advice variety of $7.80 – $8.00 billion.1
“Bausch Health’s preliminary fourth-quarter and full-calendar year 2020 economic final results demonstrate that our Company is continuing its enterprise restoration from the consequences of the COVID-19 pandemic driven by powerful execution throughout our firms. For the complete 12 months of 2020, we anticipate our profits will outperform the higher conclusion of our hottest income steerage array, and we also count on a powerful complete to the year with regard to Altered EBITDA (non-GAAP),” explained Joseph C. Papa, chairman and CEO, Bausch Wellness. “We appear ahead to releasing our full money benefits for the fourth quarter and total 12 months of 2020 next month.”
On top of that, thanks to robust funds stream in the fourth quarter of 2020, Bausch Wellness expects to exceed $1 billion in dollars generated from functions for the full yr of 2020. In total, the Firm repaid somewhere around $900 million of financial debt in 2020 from income created from operations and more economical hard cash management, and has no debt maturities or mandatory amortization payments till 2024.
Bausch Health Will Publish Firm Update Presentation on Jan. 13, 2021 at 7:00 a.m. ETBausch Wellness will publish a temporary business update presentation tomorrow, Jan. 13, 2021, at 7 a.m. ET, that is made to complement the remarks delivered by administration at the 39th Once-a-year J.P. Morgan Health care Meeting. The presentation will offer an overview of the Firm’s current overall performance and offer insight into potential catalysts for 2021 and over and above.
The presentation will be available on the Trader Relations web page of the Bausch Wellbeing Organizations Inc. site at: https://ir.bauschhealth.com/functions-and-displays/2021. A are living webcast and audio archive of the hearth chat will also be obtainable on the Investor Relations website page of the Firm’s web site.
About Bausch Well being Bausch Overall health Organizations Inc. (NYSE/TSX: BHC) is a world-wide organization whose mission is to enhance people’s life with our health treatment solutions. We develop, manufacture and industry a range of pharmaceutical, professional medical system and over-the-counter products, mainly in the therapeutic places of eye overall health, gastroenterology and dermatology. We are providing on our commitments as we establish an progressive business focused to advancing global well being. Far more information can be identified at www.bauschhealth.com.
Ahead-searching Statements This information launch includes ahead-wanting details and statements, inside the indicating of applicable securities legislation (collectively, “ahead-looking statements”), such as, but not confined to, statements linked to the Firm’s preliminary update on fourth-quarter 2020 and whole-year 2020 economic results (like anticipated variety of income and anticipations with regards to adjusted EBITDA) and predicted dollars generated from operations. Forward-on the lookout statements might frequently be recognized by the use of the phrases “anticipates,” “expects,” “intends,” “plans,” “should really,” “could,” “would,” “may well,” “thinks,” “estimates,” “likely,” “focus on,” or “carry on” and variants or equivalent expressions, and phrases or statements that certain steps, events or results may well, could, must or will be accomplished, received or taken, or will take place or outcome, and very similar such expressions also discover forward-seeking information. These ahead-looking statements, together with the Company’s preliminary update on its 2020 monetary results, are based upon the existing anticipations and beliefs of management and are offered for the goal of supplying more facts about this kind of anticipations and beliefs, and readers are cautioned that these statements may not be correct for other functions. These ahead-wanting statements are subject matter to specified challenges and uncertainties that could induce real outcomes to differ materially from those people explained in these ahead-wanting statements. These hazards and uncertainties involve, but are not restricted to, the challenges and uncertainties reviewed in the Firm’s most modern annual and quarterly experiences and comprehensive from time to time in the Company’s other filings with the U.S. Securities and Trade Fee and the Canadian Securities Directors, which challenges and uncertainties are incorporated herein by reference. They also consist of, but are not minimal to, pitfalls and uncertainties induced by or relating to the evolving COVID-19 pandemic. In addition, specific substance factors and assumptions have been applied in earning these ahead-looking statements, which includes, devoid of limitation, assumptions regarding our 2020 complete-year advice with respect to expectations regarding base general performance and management’s belief about the effect of the COVID-19 pandemic and linked responses on this kind of foundation efficiency and the operations and money final results of the Business generally, and the assumption that the hazards and uncertainties outlined over will not bring about real success or gatherings to differ materially from people described in these ahead-searching statements. The Business believes that the content aspects and assumptions mirrored in these forward-looking statements are acceptable in the situation, but viewers are cautioned not to location undue reliance on any of these ahead-searching statements. These ahead-searching statements discuss only as of the date hereof. Bausch Well being undertakes no obligation to update any of these forward-wanting statements to mirror activities or circumstances after the day of this news launch or to mirror genuine results, except required by regulation.
1 Based on steerage reaffirmed in November 2020.
Watch primary content material to download multimedia:http://www.prnewswire.com/information-releases/bausch-health-delivers-preliminary-update-on-fourth-quarter-and-complete-yr-2020-economical-outcomes-and-business-recovery-301206826.html
Source Bausch Wellbeing Companies Inc.
Copyright (C) 2021 PR Newswire. All legal rights reserved
The MarketWatch News Division was not involved in the development of this articles.