Bausch & Lomb Corp

BLCO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$97.00	Rvmwcb	Kxntgzzc

Bausch & Lomb Earnings: Strong End to 2023; We Expect 2024 to Bring Innovation and Growth

Keonhee Kim

Feb 21, 2024

Narrow-moat Bausch & Lomb reported fourth-quarter earnings that were ahead of our expectations. Total sales were up 17.8% year over year thanks to strong performance across the board. We maintain our fair value estimate of $26 per share (CAD 34.50 per share) as the results didn't significantly change our long-term outlook for the company.

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