Bausch + Lomb Corporation (NYSE:BLCO) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET

Company Participants

George Gadkowski - IR

Brent Saunders - Chairman and CEO

Sam Eldessouky - EVP and CFO

Conference Call Participants

Joanne Wuensch - Citi

Douglas Miehm - RBC Capital Markets

Larry Biegelsen - Wells Fargo

Matt Miksic - Barclays

Robbie Marcus - JPMorgan

Craig Bijou - Bank of America

Patrick Wood - Morgan Stanley

Operator

Greetings. Welcome to the Bausch & Lomb Second Quarter 2023 Earnings Conference Call. [Operator Instructions]

I will now turn the conference over to your host, George Gadkowski. Sir, the floor is yours.

George Gadkowski

Thank you. Good morning, everyone, and welcome to our second quarter 2023 financial results conference call. Participating on today's call are Chairman and Chief Executive Officer, Mr. Brent Saunders; and Chief Financial Officer, Mr. Sam Eldessouky. In addition to the live webcast, a copy of today's slide presentation and a replay of this conference call will be available on our website under the Investor Relations section.

Before we begin, I would like to remind you that our presentation today contains forward-looking information. We would ask that you take a moment to read the forward-looking legend at the beginning of our presentation, as it contains important information. This presentation contains non-GAAP financial measures and ratios. For more information about these measures and ratios, please refer to Slide 1 of the presentation. Non-GAAP reconciliations can be found in the appendix to the presentation posted on our website.

Finally, the financial guidance in this presentation is effective as of today only. It is our policy to generally not update guidance until the following quarter, unless required by law and not to update or affirm guidance other than through broadly disseminated public disclosure.

With that, it's my pleasure to turn the call over to Brent.

Brent Saunders

Thank you, George, and thank you, everyone, for joining us today.

My remarks will focus on two themes that define the quarter, performance and progress. Let's jump right in on Slide 3. Since our last update, I spent significant time on the road hearing directly from customers. No matter of the country, no matter the specialty, one theme was consistent, people are rooting for us and want to see Bausch + Lomb as an industry leader once again.

Two areas for improvement were also made clear and speak directly to challenges we covered during our call last quarter. First, we need to bring a steady supply of new products to market. Second, we need to ensure customers have access to a consistent supply of products across our entire portfolio, which means upgrading our global supply chain.