Option Care Health Q2 2020 Earnings Report
Key Takeaways
Option Care Health announced strong second-quarter results, with a 49% increase in net revenue and a 131% increase in Adjusted EBITDA compared to the second quarter of 2019. The company's performance was impacted by the COVID-19 pandemic, but it managed to offset negative factors by transferring existing patients to home or infusion suites.
Net revenue increased by 49% to $740.8 million compared to Q2 2019.
Gross profit rose by 64% to $166.3 million, representing 22.4% of net revenue.
Adjusted EBITDA surged by 131% to $54.6 million compared to Q2 2019.
Cash flow from operations increased by 163% to $35.0 million compared to Q2 2019.
Option Care Health
Option Care Health
Forward Guidance
For the full year 2020, the Company expects to generate between $200 million and $210 million in Adjusted EBITDA and at least $50 million in free cash flow.