Bausch + Lomb reports growth

Bausch + Lomb announced yesterday that revenue in the third quarter of 2024 grew 19 percent to $1.196 billion compared with $1.007 billion in the third quarter of 2023, an increase of $189 million. Excluding the unfavorable impact of foreign exchange of $5 million, revenue increased by approximately 19 percent on a constant currency basis compared with the third quarter of 2023, with strong revenue growth reported across all segments and geographies. The company’s vision care segment had a strong quarter, with revenue increasing at a reported 6 percent, according to the announcement.

Bausch + Lomb also announced that it is raising full-year 2024 revenue guidance to a range of $4.725 billion to $4.825 billion from a range of $4.7 billion to $4.8 billion. Constant currency revenue growth projections remained at approximately 16 percent to 18 percent.

“Our focus on execution continues to drive growth, with significant opportunity ahead,” said Brent Saunders, chairman and CEO, Bausch + Lomb. “We’re in the middle of multi-dimensional launch cycles around the world, covering all our businesses and targeting all our audiences.”

“You may be bored by our three areas of focus and that’s a good thing,” Saunders continued on an earnings call. “We don’t need a dramatic shift in strategy or change in how we report our progress. Instead, we need to continue our relentless focus on execution, which is exactly what we are doing.”