WXXI AM News

Bausch & Lomb Releases Fourth-Quarter Results for 2000

Rochester NY – Rochester eyewear manufacturer Bausch & Lomb released fourth quarter figures Thursday. The company posted a 73 percent drop in profits. The decline is being blamed on a slowing demand for laser eye surgery in the U.S. Fourth Quarter revenues were $462.4 million dollars. Which is down 1% from the fourth quarter of last year. Net earnings were $4.6 million, compared to $ 17.2 million in the fourth quarter of last year. B&L CEO William Carpenter added that the company will contuine to pay off debt. And use cash to acquire more companies in line with Bausch and Lomb's overall goal to keep within the goal of mainstreaming its operations in the eye-care business. Bausch and Lomb also plans to continue with its restructuring plan, which includes layoffs