All Bausch + Lomb articles
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Article
Bausch + Lomb Q4 contact lens sales inch up 1% amid distribution disruptions
Bausch + Lomb reported contact lens sales of $222 million in the fourth quarter of 2023, up by a reported one percent compared to the year earlier and three percent higher at constant currency rates. This growth was primarily driven by the continued momentum of its Infuse/Ultra One Day daily ...
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Article
Eyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year
Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...
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News briefs
Bausch + Lomb sales edge up 3% in Q3
Bausch + Lomb’s sales of its contact lenses totaled $228 million in the third quarter of 2023, up by a reported three percent compared to the year earlier and five percent higher at constant currency rates. Growth was led by the continued strong performance of the Infuse/Ultra One Day daily ...
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Article
Eyewear companies' average stock price down in Q3
After two consecutive quarters of double-digit growth, the average stock price of eyewear companies went down by an average 7 percent on a non-weighted basis (see chart below) in the quarter ended Sept. 30. This also marks an unusual underperformance compared with the MSCI World Index, a global index comprising ...
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News briefs
Bausch + Lomb expands drops portfolio with two acquisitions
Bausch + Lomb has announced the acquisition of two eye drops’ brands in the last two weeks as the company is aiming to expand its catalog of over-the-counter (OTC) eye care solutions. The first acquisition is the takeover of Xiidra, an eye-drop solution for the treatment of dry eye disease, ...
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Two retail groups top our Q2 stock price chart
Stock prices of eyewear industry companies confirmed in Q2 their upward trend started in the previous quarter. On a non-weighed average basis, they increased by 12.5 percent quarter-on-quarter overperforming the 6.3 percent rice of MSCI World, a global index comprising over 1,500 companies. EWI Stock price chart Q2 2023 ...
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News briefs
Executive reshuffling at B+L
Bausch + Lomb has promoted the senior vice presidents of all its business units. Luc Bonnefoy (Surgical), John Ferris (Consumer) and Yang Yang (Vision Care) are now members of the executive management team, reporting to chairman and CEO Brent Saunders. In addition, Joseph Gordon, president of Global Consumer, Surgical and ...
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News briefs
Bausch + Lomb reports 5% increase in Q1 contact lens sales
Bausch + Lomb generated first quarter sales of its contact lenses totaling $226 million, up by a reported five percent compared to the year earlier and 10 percent higher at constant exchange rates. Growth was underpinned by strong sales of the Infuse/Ultra One Day daily disposable silicone hydrogel contact lenses ...
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News briefs
A German contact-lens portal
The Spectaris Contact Lens Circle and an industry initiative called Kuratorium Gutes Sehen (KGS) have set up an internet portal to persuade wearers of glasses to try contact lenses. The German website (kontaktlinseninfo.de) is described as comprehensive and neutral with respect to brands and manufacturers. It reviews the full range ...
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News briefs
B+L recycling programs expand fast
Bausch + Lomb has released an update on its ONE by ONE and Biotrue recycling programs for contact lenses, eye care and lens care materials. The company said that more than 65 million units had been recycled since the launch of these programs in 2016 and 2021 respectively, representing over ...
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Eyewear stocks start 2023 on the right foot
Stock prices of eyewear companies were off to a good start of the year, with an average growth of 13 percent on a non-weighted basis in Q1 2023 compared with Q4 2022. It is the first time in more than a year that their average value significantly increased, overperforming the ...
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Article
Bausch + Lomb Q4 contact lens sales fall 4%, prepares to launch SiHy lenses in new markets
Bausch + Lomb reported fourth quarter sales of its contact lenses totaling $219 million, down by a reported 4 percent on the year earlier but reflecting 4 percent organic growth, as it announced plans to expand the sale of its successful Infuse/Ultra One Day daily disposable silicone hydrogel contact lenses ...
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News briefs
Bausch + Lomb appoints former CEO as new CEO
Bausch + Lomb has announced the appointment of Brent Saunders to the position of CEO, succeeding Joseph Papa, effective March 3. Saunders, who will also serve as chair of the board of directors, is already familiar with Bausch + Lomb as he was its CEO between 2010 and 2013, prior ...
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News briefs
Bausch + Lomb has recycled over 160 tons of plastic waste
Bausch + Lomb reports that is has collected more than 58 million units of used contact lenses, lens care and eyecare materials in the U.S. through its ONE by ONE and Biotrue recycling programs, for a total weight of over 160 tons. Both programs are run in partnership with TerraCycle, ...
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News briefs
Bausch + Lomb cuts guidance on currency headwinds, manufacturing ramp-up delay
Bausch + Lomb cut its guidance for full year adjusted Ebitda and revenues, after the negative impact of foreign exchange rates took its toll on third quarter results. The company now forecasts full year revenues of $3.70-$3.75 billion against previous guidance of $3.75-$3.80 billion, although it still anticipates organic growth ...
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Article
Strong stock price variations for eyewear companies in Q3
On a non-weighted average basis, stock prices of publicly listed companies in the eyewear sector went down by 1.3 percent in the quarter to September 30 in an apparent relative recovery from the 17 percent dive reported for the previous quarter. It compares slightly unfavorably with the global MSCI index, ...
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News briefs
B+L sales of contact lenses up slightly in Q2
Bausch+Lomb reported a slight year-on-year decline for its contact lens business for the second quarter, with sales down by 1 percent to $214 million. However, they were up by 5 percent compared to Q2 2021 on a constant currency basis. Adding sales from the faster-growing consumer division, which includes contact ...
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News briefs
Papa to step down as Bausch+Lomb CEO
Bausch + Lomb has announced that Joseph C. Papa had stepped down from his position of chairman of the company’s board of directors and that it was searching for a new CEO to replace him in his executive role. Until a successor is appointed, Papa will remain as CEO and ...
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Eyewear companies stocks down by 17% in Q2
Contrary to other sectors such as energy, aerospace, defense or agriculture, which saw their stock value increase significantly in the last few months, the eyewear industry was not among the beneficiaries from the move of global money away from investments in Big Tech companies. Indeed, the 23 eyewear public companies ...
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News briefs
B+L expands its board
Bausch + Lomb (B+L) has expanded its board of directors by two seats and filled them with Brett Icahn and Gary Hu, both from Carl C. Icahn and affiliates (Icahn Group). B+L has entered into an amended and restated Director Appointment and Nomination Agreement with Icahn Group, after the distribution ...