DiversificationPBH has further diversified its eye care manufacturing with new third-party partnerships and the acquisition of one of its partner's facility in Canada for $100M, which is expected to help the business start to recover.
Investment OpportunityPBH is viewed as a high-quality, high-margin company with solid free cash flow, presenting an investment opportunity despite current challenges.
Strategic GrowthManagement's overall strategy around brand-building and utilizing disciplined M&A to grow the business can continue to drive strong FCF and shareholder returns despite the near-term topline headwinds from the eye care business.