BLCO · BLCO Q2 FY2026 earnings call record财报电话会记录

“Building on the operating leverage and margin expansion that began in the second half of 2025.”

“Constant currency revenue growth accelerating from 6% in the first quarter to 8% in the second, and adjusted EBITDA margin expanding from 16.1% to 17.6%, an increase of 150 basis points.”

“Second quarter adjusted EBITDA was $246 million, up 28% year-over-year on a reported basis, and adjusted EBITDA margin was 17.6%, up 260 basis points year-over-year.”

“Q2 adjusted cash flow from operations was $161 million, while CapEx was $71 million and adjusted free cash flow was $90 million.”

“We are raising our full-year revenue guidance by $20 million to a range of $5.440 billion-$5.540 billion, driven by stronger expectations for the underlying business.”

“The updated revenue guidance reflects concept currency growth of approximately 5.8%-7.7%, which is 50 basis points above our prior outlook.”

“In terms of the other key assumptions underlying our guidance, for the full year 2026, we now estimate a revenue tailwind from currency of approximately $45 million, down from approximately $50 million previously, as exchange rates have moderated.”

“This quarter, 8% constant currency revenue growth, EBITDA growth of 28%, cash flow that's nearly double last year's levels of cash flow, reduced leverage by approximately one full turn since Investor Day.”

“You see it in the SG&A line, you see it in the product mix, you see it in the gross margin.”

“Most importantly, I'm very proud of how our team worked through it and supported our customers with dedication and urgency.”

“We had to go out and win back those customers one at a time.”

“PureSee is a good IOL, and it seems to be sourcing most of its volume from their existing customer base in Alcon.”