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Mar 31, 2024
Option Care Health Q1 2024 Earnings Report
Option Care Health's financial performance for Q1 2024 showed revenue growth and increased net income amidst a disruptive environment.
Key Takeaways
Option Care Health reported a 12.8% increase in net revenue to $1,146.1 million for Q1 2024, with net income rising by 14.2% to $44.8 million. Adjusted EBITDA increased by 4.8% to $98.3 million. The company reaffirmed its commitment to patient care while navigating a challenging environment.
Net revenue increased by 12.8% to $1,146.1 million compared to Q1 2023.
Net income rose by 14.2% to $44.8 million, or $0.26 earnings per share.
Adjusted EBITDA increased by 4.8% to $98.3 million.
Cash flow from operations was $(68.8) million, impacted by the Change Healthcare cybersecurity incident.
Forward Guidance
For the full year 2024, Option Care Health expects to generate net revenue between $4.65 billion and $4.8 billion and adjusted EBITDA between $430 million and $450 million. They anticipate cash flow from operations of at least $300 million, an effective tax rate of 26% - 28%, and net interest expense of approximately $55 million to $60 million.
Positive Outlook
- Net revenue of $4.65 billion to $4.8 billion
- Adjusted EBITDA of $430 million to $450 million
- Cash flow from operations of at least $300 million
- Effective tax rate of 26% - 28%
- Net interest expense of approximately $55 million to $60 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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