B&L updates guidance
This article was originally published in The Tan Sheet
Bausch & Lomb recall of MoistureLoc contact solution leads to an 8-K filing with the SEC to update information on its outstanding bank and public debt, Rochester, N.Y.-based firm announces Jan. 31. B&L also provides an updated financial forecast concerning its expectations for 2006 and 2007 sales and income. The firm currently expects sales of approximately $2.3 bil. reflecting "slower than anticipated rate of recovery" in Asia due to the recall. The firm also predicts full-year 2006 income before income taxes and minority interest as approximately $74 mil...
You may also be interested in...
Bausch & Lomb announced a voluntary recall of its ReNu MultiPlus contact lens solution the same day it reported the May 2006 worldwide recall of ReNu with MoistureLoc "led to declines in consolidated gross margins" for the full year
Colgate Zero toothpastes and mouthwashes promote what’s missing; Tom’s of Maine natural personal care expands with prebiotic toothpaste, deodorant and hand soap; Gaia adds hemp to its herbs; and Church & Dwight goes environmentally friendly with VitaFusion Goodness supplements, adds CBD versions to line, too.
But declines in other categories held overall spending on US retail pharmacy drugs covered by commercial plans to a marginal 2.3% increase in 2019, Express Scripts reports.