Companies /Healthcare

Bausch + Lomb Corp

NYSE: BLCO Medical Instruments & Supplies
$18.14
▲ $0.14 (+0.78%) today
Markets closed · 4:56pm ET

Q3 2025 Earnings

Reported Oct 29, 2025, 7:02am ET · SEC source
$0.18
Beat +11.87%
EPS · est. $0.16
$1.3B
Beat +0.25%
Revenue · est. $1.3B
+8.1%
Beating market
BLCO vs S&P since report
3 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+4%+8%Oct 28Nov 5report 7:02am ETearnings−1.3%+3.6%
0+4%+8%Oct 28Nov 5earnings−1.3%+3.6%
BLCO +3.6%S&P 500 −1.3%
0+4%+8%Oct 28Nov 5report 7:02am ETearnings−1.6%+3.6%
0+4%+8%Oct 28Nov 5earnings−1.6%+3.6%
BLCO +3.6%NASDAQ −1.6%
+1.78%
Day of report
−2.13%
Next session
+1.68%
One week
+7.05%
30 days

S&P 500 over the same 30 days: −1.04%.

Did BLCO Beat Earnings? Q3 2025 Results

Bausch + Lomb delivered a solid third quarter, posting adjusted EPS of $0.18 against a consensus estimate of $0.16, a 12.50% beat, as broad-based revenue growth and improving operational efficiency carried the eye-health company ahead of expectations. Revenue rose 7.1% year-over-year to $1.28 billion, with all three segments contributing, led by Vision Care at $736.00 million and Pharmaceuticals at $330.00 million, the latter buoyed by strong uptake of MIEBO in the dry eye market. Operating income more than doubled to $95.00 million from $43.00 million a year ago, reflecting higher sales volumes and tighter expense management, though a swing in the tax provision pushed the GAAP result to a net loss of $28.00 million. Adjusted EBITDA climbed to $243.00 million from $212.00 million. Shares rose in pre-market trading on the profitability beat, and management reinforced confidence by narrowing full-year 2025 Adjusted EBITDA guidance to $870.00 million-$910.00 million while maintaining revenue guidance of $5.05 billion-$5.15 billion.

Key Takeaways
  • Over-the-counter dry eye portfolio and eye vitamins growth in Vision Care consumer business
  • Growth in SiHy Daily lenses and Biotrue ONEday in contact lens business
  • Strong growth in MIEBO driving Pharmaceuticals segment
  • International Pharmaceuticals growth
  • Premium IOL growth in enVista and LUX platforms in Surgical segment
  • Operating expense efficiencies

“We're delivering on the vision we laid out in 2023, with a base business engine that continues to hum and steady introduction of innovative products across categories.”

Bausch & Lomb CEO, on the earnings call

Forward Guidance & Outlook

Bausch + Lomb maintained full-year 2025 revenue guidance of $5.050B–$5.150B with approximately 5–7% constant currency growth. The company narrowed and raised the low end of its full-year 2025 Adjusted EBITDA excluding Acquired IPR&D guidance to $870M–$910M (from $860M–$910M previously), citing strong business performance. Full-year revenue foreign exchange tailwinds were increased to $30M from $25M due to U.S. dollar weakening. Adjusted EBITDA FX tailwinds remain nominal.

BLCO YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$400.0M$800.0M$1.2B$1.2B$1.3BRevenue$732.0M$772.0MGross Profit$43.0M$95.0MOperating Income
$0$400.0M$800.0M$1.2BRevenueGross ProfitOperating Income

BLCO Revenue by Segment

Vision Care$736.0M+8.0%
Pharmaceuticals$330.0M+8.0%
Surgical$215.0M+4.0%

Figures from SEC filings and company reports. Not investment advice.