Bausch + Lomb

They also include risks and uncertainties relating to acquisitions and other business development transactions the company has completed or may, in the future, pursue and complete, including risks that pending transactions may not close, risks that the company may not realize the expected benefits of those transactions on a timely basis or at all and, where applicable, risks relating to increased levels of debt as a result of debt incurred to finance such transactions, including with regard to compliance with our debt covenants.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Loss on extinguishment of debt The company has excluded loss on extinguishment of debt as this represents a loss from refinancing our existing debt and is not a reflection of our operations for the period.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Further, the amount and frequency of such amounts are not consistent and are significantly impacted by the timing and size of debt financing transactions and other factors in the debt market that are not within management s control.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Write-down of financing fees In addition to excluding loss on extinguishment of debt, the company has excluded write-down of financing fees as this represents a loss from refinancing our existing debt and is not a reflection of our operations for the period.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Further, the amount and frequency of 9 Page such amounts are not consistent and are significantly impacted by the timing and size of debt financing transactions and other factors in the debt market that are not within management s control.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

(h) Represents the two components of the non-GAAP adjustment of Loss on extinguishment of debt and write-down of financing fees (see Table 2).

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Our third-quarter performance reflects the strength and breadth of the business, with growth across all three segments and continued expansion in profitability, said Thomas J.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Restructuring, integration and transformation costs The company has incurred restructuring costs as it implemented certain strategies, which involved, among other things, improvements to its infrastructure and operations, internal reorganizations and impacts from the divestiture of assets and businesses.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Additionally, with the completion of the Bausch + Lomb IPO, as the company prepares for post-separation operations, the company is launching certain transformation initiatives that will result in certain changes to and investment in its organizational structure and operations.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

These transformation initiatives arise outside of the ordinary course of continuing operations and, as is the case with the company s restructuring efforts, costs associated with these transformation initiatives are expected to fluctuate between periods in amount, size and timing.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Investors should understand that the outcome of these transformation initiatives may result in future restructuring actions and certain of these charges could recur.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

They also include the expected impact of the tariffs imposed by the U.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

and counter-tariffs or other retaliatory measures imposed on the U.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

by other countries and disruptions to global supply chains and other potential results as a result of these developments and our ability to successfully manage the expected impact of such tariffs and counter-tariffs and other measures, including the success of actions and levers we have taken and may take to manage these matters, as well as the impact of potential tariff refunds or recoveries, if any.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Other Non-GAAP adjustments The company also excludes certain other amounts, including IT infrastructure investment, litigation and other matters, gain (loss) on sales of assets and certain other amounts that are the result of other, non-comparable events to measure operating performance if and when present in the periods presented.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

However, investors should understand that many of these costs could recur and that companies in our industry often face litigation.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026

These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

SEC original ↗Bausch + Lomb — Earnings release (8-K exhibit)EX-99Oct 28, 2026