Bausch Q1 Revenues Beats Views; Ups FY18 Revenue, EBITDA Outlook

Valeant Pharma (NYSE: VRX) reported Q1 EPS of ($7.68), versus $0.60 reported last year. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.95 billion.

• Outperformed Expectations in the First Quarter of 2018
  • Revenues of $1.995 Billion
  • GAAP Net Loss of $2.693 Billion
  • GAAP Cash Flow from Operations of $438 Million
  • Adjusted EBITDA (non-GAAP)1 of $832 Million
• Delivered Overall Organic Revenue Growth2 for the First Time since 2015, Driven by Branded Rx and Bausch + Lomb/International Segments
• Raised 2018 Full-Year Revenue and Adjusted EBITDA (non-GAAP) Guidance Ranges
• Company\’s Name Will Change to Bausch Health Companies Inc. in July 2018

GUIDANCE:

Valeant Pharma sees FY2018 revenue of $8.15-8.35 billion, versus the consensus of $8.24 billion.

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