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Mar 31, 2022
Option Care Health Q1 2022 Earnings Report
Announced financial results, demonstrating substantial revenue growth and improved profitability.
Key Takeaways
Option Care Health reported a strong first quarter in 2022, with a 20.6% increase in net revenue, a significant rise in gross profit, and a shift from net loss to net income. The company's adjusted EBITDA also saw a substantial increase, and cash flow from operations improved significantly.
Net revenue increased by 20.6% to $915.8 million compared to the first quarter of 2021.
Gross profit rose by 21.4% to $200.9 million, representing 21.9% of net revenue.
Net income was $30.3 million, or $0.17 per share, a significant improvement from the net loss in the same period last year.
Adjusted EBITDA increased by 48.9% to $77.8 million.
Forward Guidance
For the full year 2022, Option Care Health expects to generate net revenue between $3.75 billion and $3.90 billion, adjusted EBITDA between $320 million and $335 million, and cash flow from operations of at least $230 million.
Positive Outlook
- Net Revenue of $3.75 billion to $3.90 billion
- Adjusted EBITDA of $320 million to $335 million
- Cash Flow from Operations of at least $230 million
- Overall, the company expects 2022 to be a productive year.
- The Option Care Health team executed exceptionally to ensure high quality patient care and solid financial results.
Challenges Ahead
- Ongoing pandemic disruption
- Challenging environment
- Uncertainty regarding material reconciling items for Adjusted EBITDA guidance.
- Changes in laws and regulations applicable to the business model
Historical Earnings Impact
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Avg. Return Before/After Earnings
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