LAVAL, QC, Jan. 12, 2021 /PRNewswire/ — Bausch Health and fitness Corporations Inc. (NYSE/TSX: BHC) (“Bausch Health” or the “Company”) will supply a preliminary update on its fourth-quarter and whole-year 2020 economic success and the continued pace of its company restoration from the COVID-19 pandemic tomorrow, Jan. 13, 2021, all through a fireplace chat at 10 a.m. ET at the 39th Annual J.P. Morgan Healthcare Convention.
Bausch Health and fitness expects its revenue in the fourth quarter of 2020 will be greater than $2.20 billion. For the total 12 months of 2020, the Corporation anticipates it will outperform the substantial end of its hottest income steerage range of $7.80 – $8.00 billion.1
“Bausch Health’s preliminary fourth-quarter and whole-12 months 2020 economical success reveal that our Firm is continuing its enterprise restoration from the outcomes of the COVID-19 pandemic pushed by sturdy execution across our organizations. For the total 12 months of 2020, we foresee our earnings will outperform the substantial finish of our most recent revenue guidance variety, and we also be expecting a robust end to the calendar year with regard to Adjusted EBITDA (non-GAAP),” mentioned Joseph C. Papa, chairman and CEO, Bausch Wellbeing. “We look ahead to releasing our complete economic outcomes for the fourth quarter and comprehensive year of 2020 upcoming month.”
Furthermore, thanks to powerful money flow in the fourth quarter of 2020, Bausch Health and fitness expects to exceed $1 billion in cash created from operations for the whole yr of 2020. In full, the Enterprise repaid close to $900 million of credit card debt in 2020 from cash created from operations and a lot more successful dollars administration, and has no financial debt maturities or obligatory amortization payments right up until 2024.
Bausch Health Will Publish Organization Update Presentation on Jan. 13, 2021 at 7:00 a.m. ET
Bausch Overall health will publish a quick organization update presentation tomorrow, Jan. 13, 2021, at 7 a.m. ET, that is created to enhance the remarks delivered by management at the 39th Yearly J.P. Morgan Health care Meeting. The presentation will deliver an overview of the Company’s recent effectiveness and supply perception into long term catalysts for 2021 and outside of.
The presentation will be offered on the Trader Relations website page of the Bausch Overall health Companies Inc. web-site at: https://ir.bauschhealth.com/situations-and-displays/2021. A reside webcast and audio archive of the fireside chat will also be obtainable on the Trader Relations webpage of the Company’s website.
About Bausch Well being
Bausch Wellness Corporations Inc. (NYSE/TSX: BHC) is a international company whose mission is to improve people’s lives with our health treatment solutions. We develop, manufacture and marketplace a selection of pharmaceutical, professional medical system and in excess of-the-counter products and solutions, generally in the therapeutic spots of eye health and fitness, gastroenterology and dermatology. We are providing on our commitments as we establish an progressive company dedicated to advancing worldwide overall health. A lot more information can be uncovered at www.bauschhealth.com.
This information launch has ahead-seeking info and statements, inside of the indicating of relevant securities guidelines (collectively, “forward-hunting statements”), which include, but not confined to, statements related to the Company’s preliminary update on fourth-quarter 2020 and full-12 months 2020 economic outcomes (including predicted variety of revenue and anticipations concerning altered EBITDA) and anticipated cash generated from operations. Ahead-seeking statements may perhaps normally be recognized by the use of the phrases “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “believes,” “estimates,” “potential,” “target,” or “continue” and versions or very similar expressions, and phrases or statements that sure steps, events or effects may well, could, ought to or will be accomplished, obtained or taken, or will arise or consequence, and equivalent these kinds of expressions also identify ahead-hunting details. These ahead-on the lookout statements, including the Company’s preliminary update on its 2020 money results, are dependent on the present anticipations and beliefs of administration and are provided for the intent of providing more facts about these types of anticipations and beliefs, and viewers are cautioned that these statements may not be proper for other uses. These ahead-hunting statements are subject to selected threats and uncertainties that could trigger genuine effects to vary materially from people explained in these ahead-looking statements. These threats and uncertainties include, but are not confined to, the hazards and uncertainties mentioned in the Company’s most current annual and quarterly reports and thorough from time to time in the Company’s other filings with the U.S. Securities and Trade Commission and the Canadian Securities Administrators, which hazards and uncertainties are integrated herein by reference. They also involve, but are not minimal to, challenges and uncertainties triggered by or relating to the evolving COVID-19 pandemic. In addition, certain content things and assumptions have been utilized in earning these forward-on the lookout statements, which include, without limitation, assumptions concerning our 2020 full-calendar year steerage with regard to expectations pertaining to base general performance and management’s belief regarding the impression of the COVID-19 pandemic and connected responses on such foundation overall performance and the operations and fiscal success of the Organization usually, and the assumption that the challenges and uncertainties outlined higher than will not lead to actual results or gatherings to vary materially from those people described in these forward-seeking statements. The Business thinks that the content variables and assumptions reflected in these ahead-looking statements are affordable in the situation, but audience are cautioned not to put undue reliance on any of these ahead-wanting statements. These forward-on the lookout statements communicate only as of the date hereof. Bausch Well being undertakes no obligation to update any of these forward-seeking statements to replicate functions or instances just after the date of this information launch or to mirror genuine outcomes, unless of course essential by regulation.
1 Based on direction reaffirmed in November 2020.
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