Acquisition BenefitsThe acquisition of Pillar5 Pharma, a key supplier for PBH's eye care products, is expected to address supply issues and is not anticipated to negatively impact the company's financials.
Expansion And 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.
Strategic InitiativesManagement'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.