Bausch Health reports US$69M Q4 profit compared with loss a year ago

The headquarters of Bausch Health Solutions, formerly known as Valeant Inc., is seen Wednesday, February 20, 2019 in Laval, Que. , THE CANADIAN PRESS/Ryan Remiorz

The Canadian Press

Feb 23, 2022

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LAVAL, Que. -- Bausch Health Companies Inc. reported a profit in its latest quarter compared with a loss a year earlier.

The company, which keeps is books in U.S. dollars, says it its profit attributable to Bausch Health totalled US$69 million or 19 cents per share for the quarter ended Dec. 31, compared with a loss of US$153 million or 43 cents per diluted share in the same quarter a year earlier.

Revenue totalled nearly US$2.2 billion compared with $2.21 billion in the fourth quarter of 2020.

On an adjusted basis, the company says it earned US$463 million in the fourth quarter compared with an adjusted profit of US$478 million in the last three months of 2020.

In its outlook for 2022, Bausch Health says it expects revenue between US$8.4 billion and US$8.6 billion this year.

Full-year adjusted earnings before interest, taxes, depreciation and amortization are expected to be in a range from US$3.45 billion to US$3.6 billion.