Lei Ling's questions to Bausch + Lomb Corp (BLCO) leadership • Q1 2025
Question
Lei Ling, on behalf of Larry Biegelsen, asked for clarity on the phasing of the 120 basis point tariff impact on EBITDA margin throughout 2025. She also inquired if full-year expectations for Xiidra's headwinds have changed and how its sales should be expected to grow sequentially.
Answer
CFO Osama Eldessouky explained that the first half of the year is 'well protected' from tariff impacts due to actions already taken, with the headwind expected to materialize more in the second half, balanced between Q3 and Q4. Chairman and CEO Brenton L. Saunders addressed Xiidra, confirming that Q1 headwinds were expected due to seasonality and the strategy to gain access is working, with 14% TRx growth. He stated that programs to improve profitability are being implemented, and sales should grow sequentially through the year.