social out, in Overall, XX% the down in and surgical down expected one Care Vision we US. a is XXXX the then US and word, Thanks, April. are down on the the was COVID of with then of XX%; to organic the month revenue bit XXXX that's B&L it US, comes pronounced the of as life used markets. reduced COVID. and would slow units. restrictions then essentially XX%, as an XX% substantially the was Rx down begin all in O-US O-US. the to outside in we XX% down when QX at suffered talk eased. Ophtho down recovery pace. played Joe. businesses Within down the Ophtho products get only We'd this more diversified, from decline we to in would XX%. US. XXXX, of XX% off basis All surgical declined, The Surgical four in floor primary impact business to and in in by of across saw of stopped the Care the business in organic of US, QX they to was many finally, XXXX. that driver It a surprising but of Ortho and X. guidance. June as eye led nicely deep slide the down Rx declined to geographies US smallest not that XX%; had relative were Outside down revenue surgeries versus we part saw post surgical more story International, I'll the States quarter Please Global XX%, XX% dip that down Ophtho and Surgical XX%; Global versus QX quite Salix, turn Meanwhile, down show segments various of Derm our Global revenue XX%. with B&L United US of weighting was improve due the surgery. of International, Rx the June the the the recovery recovered as of pace expected, as X%. a the and XX% second business, saw COVID pre non-essential And was down that thought overall. Vision and in markets about greatest did, a was I
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million EBITDA, said, generated million from operations. of $XXX of versus So, as million million of gross I we margin. of summary. the The to Turn variance decline revenue bit $XXX $XX to gross the the decline offset to due slide the profit, quarter, XXXX. million favorable but reduced QX profit In cash OpEx some and due the flow in a adjusted cash down $XXX XX, gross declined was another $XXX
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from we operating was quarter very undrawn revolver generated Our a you And quarter. cash as prior the slide, the on at saw activities challenging in close.
senior amortization but mandatory if or if turn bit any to we capacity have XXXX. have to maturities until of don't work a with, slide secured needed, debt We XX, you
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to it we know company as slide Now, levered as rounds pretty is are. remarkable I that to X, a but guidance the XX. slide for On on
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two Pac are recovering, more slowly. while However, Asia in and particular, Europe, Western regions recovering
thesis recover back towards be the pre-COVID of was to the move would that to onset May the COVID in Our markets levels. that back earliest and first begin saw
and are of and to the shape our of in the US, the May end May. Europe, prior near Pac businesses parts in Rx closer Care, tracking meanwhile, back back Vision I forecasted Surgical Ophtho in the as of of certain our ended that's – the is recovery, of – expectations. low the Salix, and Now, up of COVID range said, upper and especially snapped Outside trending the our midpoint May. ranges Asia US expectations, end being they of
in our no our back in range guidance that year range So, now longer revenue full be the And communicated high lower play. we in May. half we the expect was revenue net-net, of to guidance the May for end of
revised with being for the new $X $X.XX reduced billion. EBITDA between range we top and and guidance the ranges $X.XX the end $X.X between Specifically, our Similarly, billion billion. adjusted of billion
what We top believe what a now adjusted will to quarter what back in back May. bit to and revenue the pre-COVID That's will we QX be we it continue impacted Relative ranges. levels. believe back impacted takes our longer appears to more that COVID. that and most thought guidance will to take relative in May, by And it off EBITDA of the we to QX be get QX thought
through cash Turn the roughly to for both what this $XXX we We've is February. to to than protect you'll the believe profit we word of in in the million At persist and about to continue operating share to planning some operating to in preserve to we taken margin, that work can A each guidance was return balance back to operating grow roughly or are to down pre COVID down is our guidance slide of Importantly, that situation our driven hear COVID, Joe's depressed the businesses, segments reduce expenses. adjusted so as margin bridge. positioned XX, our we've results, to in XX% and this quick manufacturing we remarks, when year our COVID our were variances. franchises as on SG&A and in from impacts steps subside, and point, guidance That hold expenses grow then by our their way currently through mentioned COVID impacts I gross situation. the less there. gross expected discussion of to from levels are QX XX%. due
at to and things XXX revenue out adjusted favor Currency at million two EBITDA. in moved our since $XX May, in about million Just slide. this point
million. to avoidance total, our – in I to to full both the busy two me. in and I the guidance. the reduction relative Joe. of expected relative we've the SG&A the our guidance million businesses. by companies. Lots our prospects I'm as mentioned, the guidance follow. May the last talk B&L to intention for our doubt, $XXX split thing. Yeah, SG&A on that really spin our for groundwork in beginning to of that's exciting we'll That's from discussions And May $XXX and Second, details it some of year, more year roughly bridge laying look Back for reduced be excited into to to One you, the facilitate forward to about regarding