Bausch + Lomb Corp
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.67%.
Did BLCO Beat Earnings? Q2 2025 Results
Bausch & Lomb delivered a modest beat in the second quarter of 2025, posting adjusted earnings of $0.07 per share against a consensus estimate of $0.06, a 16.67% positive surprise, while revenue climbed 5.1% year-over-year to $1.28 billion on broad-based momentum across its portfolio. The standout driver was Vision Care, which generated $753.00 million in segment revenue, up 8% as reported, propelled by a dry eye franchise that has reached roughly $1.00 billion in trailing twelve-month sales, alongside gains in Daily SiHy contact lenses and consumer brands including LUMIFY and ARTELAC. The strong top-line performance came despite an operating loss of $11.00 million, higher interest expense of $128.00 million tied partly to a debt refinancing, and lingering headwinds from the enVista IOL voluntary recall, though full production has since resumed. Management cited the underlying business strength and a favorable currency backdrop to raise full-year 2025 revenue guidance to $5.05 billion to $5.15 billion and lift adjusted EBITDA guidance to $860.00 million to $910.00 million, with an investor day scheduled for November 13 to highlight pipeline opportunities.
- Dry eye portfolio reaching approximately $1 billion in trailing 12-month revenue
- Daily SiHy contact lenses, ULTRA monthly, and Biotrue ONEday contact lens growth
- LUMIFY, ARTELAC, and Blink consumer brand strength
- MIEBO sales growth partially offsetting XIIDRA pricing pressure
- Consumables growth in the Surgical segment
“Our continued growth speaks to the breadth and depth of our portfolio and is driven by a mix of hero products and a steady stream of new introductions around the world.”
Bausch & Lomb CEO, on the earnings call
Forward Guidance & Outlook
Bausch + Lomb raised its full-year 2025 guidance: revenue now expected at $5.050B–$5.150B (previously $5.000B–$5.100B), with constant currency growth of approximately 5–7% (previously ~4.5–6.5%). Adjusted EBITDA excluding Acquired IPR&D is now expected at $860M–$910M (previously $850M–$900M). Full-year revenue foreign exchange tailwinds are estimated at $25M. The guidance increase reflects solid underlying business performance and a weaker U.S. dollar. An investor day is scheduled for November 13 to showcase the pipeline.
BLCO YoY Financials
BLCO Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.