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LAVAL, QC, Jan. 12, 2021 /PRNewswire via COMTEX/ —
LAVAL, QC, Jan. 12, 2021 /PRNewswire/ — Bausch Well being Providers Inc. (NYSE/TSX: BHC) (“Bausch Health” or the “Organization”) will present a preliminary update on its fourth-quarter and comprehensive-year 2020 fiscal final results and the ongoing tempo of its enterprise recovery from the COVID-19 pandemic tomorrow, Jan. 13, 2021, through a hearth chat at 10 a.m. ET at the 39th Yearly J.P. Morgan Health care Meeting.
Bausch Health expects its earnings in the fourth quarter of 2020 will be increased than $2.20 billion. For the full year of 2020, the Firm anticipates it will outperform the significant finish of its latest earnings steering range of $7.80 – $8.00 billion.1
“Bausch Health’s preliminary fourth-quarter and complete-calendar year 2020 fiscal success reveal that our Business is continuing its small business restoration from the outcomes of the COVID-19 pandemic driven by robust execution throughout our companies. For the comprehensive calendar year of 2020, we foresee our income will outperform the significant conclude of our hottest profits steerage array, and we also expect a strong complete to the yr with regard to Altered EBITDA (non-GAAP),” explained Joseph C. Papa, chairman and CEO, Bausch Overall health. “We glimpse forward to releasing our whole economic outcomes for the fourth quarter and full yr of 2020 up coming thirty day period.”
Also, because of to sturdy cash move in the fourth quarter of 2020, Bausch Wellbeing expects to exceed $1 billion in money created from operations for the whole calendar year of 2020. In full, the Firm repaid somewhere around $900 million of financial debt in 2020 from hard cash produced from functions and a lot more economical hard cash administration, and has no credit card debt maturities or obligatory amortization payments till 2024.
Bausch Health and fitness Will Publish Enterprise Update Presentation on Jan. 13, 2021 at 7:00 a.m. ETBausch Overall health will publish a temporary company update presentation tomorrow, Jan. 13, 2021, at 7 a.m. ET, that is created to complement the remarks provided by management at the 39th Yearly J.P. Morgan Health care Meeting. The presentation will offer an overview of the Company’s latest functionality and supply perception into long run catalysts for 2021 and over and above.
The presentation will be available on the Trader Relations website page of the Bausch Health and fitness Firms Inc. internet site at: https://ir.bauschhealth.com/activities-and-displays/2021. A are living webcast and audio archive of the fireside chat will also be available on the Trader Relations site of the Company’s web page.
About Bausch Health and fitness Bausch Health Providers Inc. (NYSE/TSX: BHC) is a world wide enterprise whose mission is to enhance people’s lives with our wellness treatment products and solutions. We establish, manufacture and current market a selection of pharmaceutical, health-related product and around-the-counter merchandise, primarily in the therapeutic places of eye overall health, gastroenterology and dermatology. We are providing on our commitments as we establish an modern enterprise committed to advancing world-wide well being. Far more information and facts can be located at www.bauschhealth.com.
Forward-looking Statements This information launch consists of ahead-hunting info and statements, in just the which means of relevant securities laws (collectively, “forward-looking statements”), like, but not restricted to, statements linked to the Company’s preliminary update on fourth-quarter 2020 and comprehensive-calendar year 2020 money effects (such as anticipated variety of profits and anticipations concerning altered EBITDA) and envisioned funds produced from functions. Forward-seeking statements may perhaps frequently be determined by the use of the text “anticipates,” “expects,” “intends,” “designs,” “must,” “could,” “would,” “may,” “thinks,” “estimates,” “prospective,” “focus on,” or “continue” and variations or related expressions, and phrases or statements that specified actions, functions or effects might, could, should or will be obtained, acquired or taken, or will occur or end result, and identical this sort of expressions also establish ahead-on the lookout information. These ahead-on the lookout statements, such as the Company’s preliminary update on its 2020 fiscal success, are centered on the present-day expectations and beliefs of administration and are offered for the function of providing more information and facts about such expectations and beliefs, and readers are cautioned that these statements could not be appropriate for other reasons. These ahead-hunting statements are topic to certain hazards and uncertainties that could trigger true success to differ materially from these explained in these ahead-hunting statements. These pitfalls and uncertainties include things like, but are not constrained to, the risks and uncertainties discussed in the Firm’s most modern yearly and quarterly reports and thorough from time to time in the Company’s other filings with the U.S. Securities and Trade Fee and the Canadian Securities Directors, which pitfalls and uncertainties are incorporated herein by reference. They also include things like, but are not limited to, threats and uncertainties triggered by or relating to the evolving COVID-19 pandemic. In addition, specified materials factors and assumptions have been applied in making these forward-wanting statements, such as, without limitation, assumptions concerning our 2020 total-yr steerage with regard to expectations about base general performance and management’s perception relating to the impression of the COVID-19 pandemic and involved responses on such foundation general performance and the functions and money benefits of the Business commonly, and the assumption that the challenges and uncertainties outlined over will not cause real effects or situations to vary materially from those people described in these forward-seeking statements. The Enterprise believes that the material aspects and assumptions reflected in these ahead-seeking statements are sensible in the instances, but viewers are cautioned not to location undue reliance on any of these forward-wanting statements. These ahead-searching statements talk only as of the day hereof. Bausch Well being undertakes no obligation to update any of these ahead-hunting statements to mirror situations or circumstances following the date of this news release or to replicate genuine results, except expected by law.
1 Based on direction reaffirmed in November 2020.
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