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LAVAL, QC, Jan. 12, 2021 /PRNewswire through COMTEX/ —
LAVAL, QC, Jan. 12, 2021 /PRNewswire/ — Bausch Well being Organizations Inc. (NYSE/TSX: BHC) (“Bausch Overall health” or the “Company”) will provide a preliminary update on its fourth-quarter and comprehensive-calendar year 2020 economic benefits and the continued tempo of its company restoration from the COVID-19 pandemic tomorrow, Jan. 13, 2021, during a fireplace chat at 10 a.m. ET at the 39th Annual J.P. Morgan Healthcare Meeting.
Bausch Health expects its income in the fourth quarter of 2020 will be higher than $2.20 billion. For the comprehensive calendar year of 2020, the Firm anticipates it will outperform the superior stop of its latest earnings assistance vary of $7.80 – $8.00 billion.1
“Bausch Health’s preliminary fourth-quarter and total-year 2020 monetary outcomes display that our Firm is continuing its business recovery from the outcomes of the COVID-19 pandemic driven by sturdy execution throughout our businesses. For the complete yr of 2020, we foresee our earnings will outperform the higher close of our most current earnings steerage selection, and we also be expecting a powerful complete to the 12 months with regard to Adjusted EBITDA (non-GAAP),” said Joseph C. Papa, chairman and CEO, Bausch Wellbeing. “We glance forward to releasing our whole money results for the fourth quarter and total 12 months of 2020 future month.”
Furthermore, due to potent income flow in the fourth quarter of 2020, Bausch Health and fitness expects to exceed $1 billion in income produced from functions for the comprehensive calendar year of 2020. In total, the Business repaid about $900 million of debt in 2020 from cash generated from operations and far more efficient money management, and has no credit card debt maturities or required amortization payments right until 2024.
Bausch Overall health Will Publish Company Update Presentation on Jan. 13, 2021 at 7:00 a.m. ETBausch Well being will publish a quick firm update presentation tomorrow, Jan. 13, 2021, at 7 a.m. ET, that is developed to enhance the remarks provided by management at the 39th Annual J.P. Morgan Health care Convention. The presentation will provide an overview of the Firm’s modern general performance and offer you insight into upcoming catalysts for 2021 and over and above.
The presentation will be available on the Investor Relations page of the Bausch Overall health Firms Inc. web-site at: https://ir.bauschhealth.com/events-and-displays/2021. A reside webcast and audio archive of the hearth chat will also be offered on the Investor Relations web page of the Firm’s internet site.
About Bausch Well being Bausch Wellness Corporations Inc. (NYSE/TSX: BHC) is a world-wide business whose mission is to improve people’s lives with our health and fitness treatment merchandise. We acquire, manufacture and industry a variety of pharmaceutical, medical gadget and about-the-counter solutions, mainly in the therapeutic spots of eye well being, gastroenterology and dermatology. We are providing on our commitments as we establish an progressive organization focused to advancing global well being. Extra details can be identified at www.bauschhealth.com.
Forward-hunting Statements This news release includes ahead-seeking information and statements, inside of the this means of relevant securities guidelines (collectively, “ahead-searching statements”), together with, but not restricted to, statements similar to the Company’s preliminary update on fourth-quarter 2020 and total-year 2020 money results (such as predicted variety of revenue and expectations with regards to altered EBITDA) and expected income generated from functions. Forward-looking statements may typically be determined by the use of the phrases “anticipates,” “expects,” “intends,” “ideas,” “ought to,” “could,” “would,” “may possibly,” “thinks,” “estimates,” “potential,” “focus on,” or “continue on” and variants or similar expressions, and phrases or statements that particular actions, occasions or results may, could, must or will be attained, been given or taken, or will manifest or outcome, and identical these expressions also discover ahead-on the lookout data. These ahead-hunting statements, such as the Company’s preliminary update on its 2020 money success, are dependent on the existing anticipations and beliefs of management and are supplied for the function of offering supplemental information about these kinds of anticipations and beliefs, and readers are cautioned that these statements may not be ideal for other applications. These forward-seeking statements are subject to particular threats and uncertainties that could trigger actual effects to differ materially from those explained in these ahead-seeking statements. These hazards and uncertainties include things like, but are not minimal to, the hazards and uncertainties reviewed in the Company’s most the latest once-a-year and quarterly reviews and in-depth 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 included herein by reference. They also incorporate, but are not confined to, challenges and uncertainties induced by or relating to the evolving COVID-19 pandemic. In addition, sure content aspects and assumptions have been utilized in generating these forward-looking statements, which include, without having limitation, assumptions pertaining to our 2020 complete-year advice with respect to anticipations regarding base general performance and management’s belief pertaining to the affect of the COVID-19 pandemic and involved responses on this sort of base effectiveness and the operations and economical effects of the Organization usually, and the assumption that the hazards and uncertainties outlined earlier mentioned will not cause real results or functions to differ materially from people described in these forward-hunting statements. The Firm believes that the content things and assumptions mirrored in these ahead-on the lookout statements are acceptable in the conditions, but visitors are cautioned not to area undue reliance on any of these forward-hunting statements. These forward-hunting statements converse only as of the day hereof. Bausch Wellness undertakes no obligation to update any of these ahead-wanting statements to reflect activities or situation immediately after the date of this information release or to reflect actual outcomes, except necessary by law.
1 Based on steering reaffirmed in November 2020.
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