LAVAL, QC, Jan. 12, 2021 /PRNewswire/ — Bausch Wellbeing Corporations Inc. (NYSE/TSX: BHC) (“Bausch Health” or the “Company”) will offer a preliminary update on its fourth-quarter and full-yr 2020 fiscal results and the continued speed of its business enterprise recovery from the COVID-19 pandemic tomorrow, Jan. 13, 2021, throughout a fireplace chat at 10 a.m. ET at the 39th Once-a-year J.P. Morgan Health care Convention.
Bausch Health and fitness expects its profits in the fourth quarter of 2020 will be bigger than $2.20 billion. For the whole calendar year of 2020, the Business anticipates it will outperform the high conclusion of its hottest revenue guidance variety of $7.80 – $8.00 billion.1
“Bausch Health’s preliminary fourth-quarter and whole-yr 2020 monetary final results display that our Corporation is continuing its small business recovery from the outcomes of the COVID-19 pandemic pushed by robust execution across our firms. For the full year of 2020, we anticipate our earnings will outperform the superior conclude of our hottest revenue direction variety, and we also count on a sturdy complete to the yr with regard to Adjusted EBITDA (non-GAAP),” mentioned Joseph C. Papa, chairman and CEO, Bausch Overall health. “We glance forward to releasing our comprehensive economical outcomes for the fourth quarter and full yr of 2020 subsequent month.”
On top of that, owing to sturdy money stream in the fourth quarter of 2020, Bausch Wellbeing expects to exceed $1 billion in money created from functions for the full calendar year of 2020. In complete, the Company repaid approximately $900 million of personal debt in 2020 from cash produced from operations and much more efficient income administration, and has no personal debt maturities or required amortization payments till 2024.
Bausch Wellness Will Publish Corporation Update Presentation on Jan. 13, 2021 at 7:00 a.m. ET
Bausch Wellbeing will publish a transient organization update presentation tomorrow, Jan. 13, 2021, at 7 a.m. ET, that is designed to complement the remarks presented by management at the 39th Annual J.P. Morgan Healthcare Meeting. The presentation will give an overview of the Company’s recent effectiveness and give perception into foreseeable future catalysts for 2021 and beyond.
The presentation will be readily available on the Investor Relations page of the Bausch Overall health Corporations Inc. website at: https://ir.bauschhealth.com/occasions-and-shows/2021. A are living webcast and audio archive of the fireplace chat will also be readily available on the Investor Relations website page of the Company’s web page.
About Bausch Health
Bausch Health Companies Inc. (NYSE/TSX: BHC) is a world-wide firm whose mission is to enhance people’s life with our overall health treatment items. We build, manufacture and current market a selection of pharmaceutical, medical machine and more than-the-counter goods, mainly in the therapeutic parts of eye health and fitness, gastroenterology and dermatology. We are delivering on our commitments as we establish an ground breaking business dedicated to advancing worldwide health and fitness. Much more data can be discovered at www.bauschhealth.com.
Forward-on the lookout Statements
This news launch includes forward-wanting info and statements, inside the that means of relevant securities rules (collectively, “forward-searching statements”), which include, but not restricted to, statements relevant to the Company’s preliminary update on fourth-quarter 2020 and complete-yr 2020 economical benefits (including anticipated vary of earnings and expectations regarding adjusted EBITDA) and expected income created from operations. Ahead-looking statements could usually be identified by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “believes,” “estimates,” “potential,” “target,” or “continue” and versions or related expressions, and phrases or statements that certain actions, functions or final results could, could, ought to or will be attained, received or taken, or will arise or consequence, and related these types of expressions also establish forward-looking facts. These ahead-seeking statements, together with the Company’s preliminary update on its 2020 money outcomes, are based upon the existing expectations and beliefs of administration and are provided for the intent of providing more information about this sort of expectations and beliefs, and visitors are cautioned that these statements may possibly not be proper for other needs. These forward-searching statements are topic to selected threats and uncertainties that could bring about true final results to vary materially from individuals described in these forward-seeking statements. These pitfalls and uncertainties consist of, but are not limited to, the risks and uncertainties mentioned in the Company’s most modern annual and quarterly experiences and thorough from time to time in the Company’s other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Directors, which hazards and uncertainties are integrated herein by reference. They also include things like, but are not limited to, pitfalls and uncertainties prompted by or relating to the evolving COVID-19 pandemic. In addition, sure product factors and assumptions have been applied in generating these forward-seeking statements, together with, without the need of limitation, assumptions pertaining to our 2020 full-12 months steering with regard to expectations relating to foundation effectiveness and management’s perception pertaining to the influence of the COVID-19 pandemic and affiliated responses on this sort of base efficiency and the functions and fiscal results of the Enterprise normally, and the assumption that the dangers and uncertainties outlined above will not cause actual outcomes or functions to differ materially from all those explained in these ahead-looking statements. The Corporation believes that the product elements and assumptions mirrored in these forward-wanting statements are fair in the conditions, but visitors are cautioned not to area undue reliance on any of these ahead-on the lookout statements. These forward-seeking statements speak only as of the day hereof. Bausch Health undertakes no obligation to update any of these ahead-seeking statements to replicate situations or situations right after the date of this information release or to reflect actual outcomes, until demanded by legislation.
1 Centered on assistance reaffirmed in November 2020.
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