BHC

EX-99.1

2 ex991-q32026.htm

EX-99.1

Document

Investor Contact:Media Contact:

Garen Sarafian Alexis Navratil

ir@bauschhealth.com

corporate.communications@bauschhealth.com

(877) 281-6642 (toll free)(848) 264-0934

BAUSCH HEALTH ANNOUNCES THIRD QUARTER 2026 RESULTS, RAISES GUIDANCE

•Third Quarter Consolidated Revenues of $2.94 billion, up 10% on a Reported basis and 8% on an Organic1 basis over the prior year period

•GAAP Net Income Attributable to Bausch Health of $436 million and GAAP Net Income of $446 million

•GAAP Earnings per Diluted Share Attributable to Bausch Health of $1.15 compared to $0.48 in the prior year period; Adjusted Earnings per Diluted Share1 of $1.77 compared to $1.16 in the prior year period, an increase of 53%

•Consolidated Adjusted EBITDA Attributable to Bausch Health1 of $1,305 million, up 32% over the prior year period

BAUSCH HEALTH EXCLUDING BAUSCH + LOMB THIRD QUARTER 2026 RESULTS

•Delivered fourteenth consecutive quarter of year-over-year Revenue and Adjusted EBITDA1 growth, with 12% Reported and 8% Organic Revenue1 growth and 32% Adjusted EBITDA1 growth

•Net Income increased $205 million over the prior year

•Generated $581 million in Cash Provided by Operating Activities and $539 million in Adjusted Cash Flows from Operations1

•Raising full year 2026 Revenue, Adjusted EBITDA1, and Adjusted Cash Flows from Operations1 guidance

LAVAL, QC, October 28, 2026 – Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) ("Bausch Health" or the "Company" or "we" or "our") today announced its third quarter 2026 financial results and other key updates from the quarter.

"Bausch Health, excluding Bausch + Lomb, delivered another solid quarter, marking fourteen consecutive quarters of year-over-year Revenue and Adjusted EBITDA growth. We also achieved an important milestone, with quarterly Adjusted EBITDA, excluding Bausch + Lomb, exceeding $1 billion for the first time. Our performance reflects disciplined execution across the portfolio, with healthy cash generation supporting more than $500 million of net debt reduction during the quarter. These results give us confidence to again raise our full year 2026 guidance. We remain focused on operational excellence, sustainable growth, and long-term value creation," said Thomas J. Appio, Chief Executive Officer, Bausch Health.

The Company also announced that its Board of Directors has authorized a $50 million share repurchase program, with the primary objective of offsetting dilution associated with the anticipated vesting of management equity awards in 2027.

Third Quarter 2026 Revenue Performance

Total consolidated reported revenues were $2.94 billion for the third quarter of 2026, compared with $2.68 billion in the third quarter of 2025, an increase of $260 million, or 10%. Excluding the impact of acquisitions of $37 million and divestitures and discontinuations of $11 million, revenue increased 8% on an organic1 basis compared with the third quarter of 2025. The net impact of foreign exchange was de minimis in the quarter.

1     This is a non-GAAP measure or a non-GAAP ratio. For further information on non-GAAP measures and non-GAAP ratios, please refer to the "Non-GAAP Information" section of this news release. Please also refer to tables at the end of this news release for a reconciliation of this and other non-GAAP measures and ratios to the most directly comparable GAAP measure.

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Reported revenues by segment were as follows:

Three Months Ended September 30,Reported Change Change at Constant Currency1

Change in Organic Revenue1

(in millions)20262025AmountPct.

Total Bausch Health Revenues$2,941$2,681$26010%10%8%

Bausch Health (excl. B+L)1 $1,566$1,400$16612%11%8%

Salix segment$831$716$11516%16%14%

International segment$299$286$135%3%4%

Solta Medical segment$165$140$2518%16%(4%)

Diversified segment$271$258$135%5%5%

Bausch + Lomb segment$1,375$1,281$947%8%7%

Salix Segment

Salix segment reported revenues were $831 million for the third quarter of 2026, compared with $716 million for the third quarter of 2025, an increase of $115 million, or 16%. Segment revenues increased 14% on an organic1 basis compared with the third quarter of 2025. Xifaxan® was the primary contributor to growth, with 16% revenue growth in the third quarter of 2026.

International Segment

International segment reported revenues were $299 million for the third quarter of 2026, compared with $286 million for the third quarter of 2025, an increase of $13 million, or 5%. Excluding the impact of foreign exchange of $4 million, segment revenues grew 4% on an organic1 basis compared with the third quarter of 2025, led by Canada.

Solta Medical Segment

Solta Medical segment reported revenues were $165 million for the third quarter of 2026, compared with $140 million in the third quarter of 2025, an increase of $25 million, or 18% aided by the acquisition of our full service distributor in China. Excluding a $2 mi

EX-99.1

2 ex991-q22026.htm

EX-99.1

Document

Exhibit 99.1

Investor Contact:Media Contact:

Garen Sarafian Katie Savastano

ir@bauschhealth.com

corporate.communications@bauschhealth.com

(877) 281-6642 (toll free) (908) 541-3785

BAUSCH HEALTH ANNOUNCES SECOND QUARTER 2026 RESULTS, RAISES GUIDANCE

•Second Quarter Consolidated Revenues of $2.85 billion, up 13% on a Reported basis and 11% on an Organic (non-GAAP)1 basis over the prior year period

•GAAP Net Income Attributable to Bausch Health of $258 million and GAAP Net Income of $260 million

•GAAP Earnings per Diluted Share Attributable to Bausch Health of $0.68 compared to $0.40 in the prior year period; Adjusted Earnings per Diluted Share (non-GAAP)1 of $1.26 compared to $0.90 in the prior year period, an increase of 40%

•Consolidated Adjusted EBITDA Attributable to Bausch Health (non-GAAP)1 of $1,075 million, up 28% on a Reported basis over the prior year period

BAUSCH HEALTH EXCLUDING BAUSCH + LOMB SECOND QUARTER 2026 RESULTS

•Delivered thirteenth consecutive quarter of year-over-year Revenue growth, with Revenue up 16% on a Reported basis and 13% on an Organic (non-GAAP)1 basis

•Net Income increased $84 million over the prior year period, and Adjusted EBITDA (non-GAAP)1 grew 28%

•Generated $517 million in Cash Provided by Operating Activities and $471 million in Adjusted Cash Flows from Operations (non-GAAP)1

•Raising full-year 2026 Revenue, Adjusted EBITDA (non-GAAP)1, and Adjusted Cash Flows from Operations (non-GAAP)1 guidance

LAVAL, QC, July 29, 2026 – Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) ("Bausch Health" or the "Company" or "we" or "our") today announced its second quarter 2026 financial results and other key updates from the quarter.

"The second quarter marks our thirteenth consecutive quarter of year-over-year growth in Revenue and Adjusted EBITDA for Bausch Health, excluding Bausch + Lomb, reflecting the strength of our portfolio, disciplined execution, and the dedication of our teams around the world. We delivered our highest Revenue and Adjusted EBITDA growth rates in the past three years, generated our strongest Adjusted Cash Flow from Operations since Q4 2024, and reduced Net Debt by one of our largest amounts since our 2022 debt refinancing. This performance strengthens our financial flexibility and supports continued investment in our business, our pipeline, and business development opportunities. We remain focused on driving long-term value creation," said Thomas J. Appio, Chief Executive Officer, Bausch Health.

Second Quarter 2026 Revenue Performance

Total consolidated reported revenues were $2.85 billion for the second quarter of 2026, compared with $2.53 billion in the second quarter of 2025, an increase of $322 million, or 13%. Excluding the impact of foreign exchange of $25 million, acquisitions of $35 million, and divestitures and discontinuations of $7 million, revenue increased 11% on an organic1 basis compared with the second quarter of 2025.

1     This is a non-GAAP measure or a non-GAAP ratio. For further information on non-GAAP measures and non-GAAP ratios, please refer to the "Non-GAAP Information" section of this news release. Please also refer to tables at the end of this news release for a reconciliation of this and other non-GAAP measures and ratios to the most directly comparable GAAP measure.

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Reported revenues by segment were as follows:

Three Months Ended June 30,Reported Change Change at Constant Currency1

(Non-GAAP)

Change in Organic Revenue1

(Non-GAAP)

(in millions)20262025AmountPct.

Total Bausch Health Revenues$2,852$2,530$32213%12%11%

Bausch Health (excl. B+L)$1,458$1,252$20616%15%13%

Salix segment$758$627$13121%21%21%

International segment$305$278$2710%5%5%

Solta Medical segment$176$128$4838%37%12%

Diversified segment$219$219$0—%—%—%

Bausch + Lomb segment$1,394$1,278$1169%8%8%

Salix Segment

Salix segment reported revenues were $758 million for the second quarter of 2026, compared with $627 million for the second quarter of 2025, an increase of $131 million, or 21%. Segment revenues increased 21% on an organic1 basis compared with the second quarter of 2025. Xifaxan® was the primary contributor to growth, with 26% revenue growth in the second quarter of 2026.

International Segment

International segment reported revenues were $305 million for the second quarter of 2026, compared with $278 million for the second quarter of 2025, an increase of $27 million, or 10%. Excluding the impact of foreign exchange of $12 million, segment revenues grew 5% on an organic1 basis compared with the second quarter of 2025, with strong execution across LATAM and EMEA more than offsetting softer results in Canada.

Solta Medical Segment

Solta Medical segment reported revenues were $176 million for the second quarter of 2026, compared with $128 million in the second quarter of 2025, an increase of $48 million, or 38% aided by the acquisition o

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