Loading...
•
Jun 30, 2021
Option Care Health Q2 2021 Earnings Report
Option Care Health's financial performance was strong, marked by revenue growth and increased profitability.
Key Takeaways
Option Care Health reported a strong second quarter with a 16.1% increase in net revenue, reaching $860.3 million. The company also saw significant improvements in gross profit, net income, and adjusted EBITDA. Based on this momentum, the company raised its full-year financial guidance.
Net revenue increased by 16.1% to $860.3 million compared to the second quarter of 2020.
Gross profit rose by 19.6% to $199.0 million, representing 23.1% of net revenue.
Net income was $31.8 million, or $0.18 per share, a significant improvement from the net loss of $7.7 million in the second quarter of 2020.
Adjusted EBITDA increased by 33.3% to $72.8 million compared to the second quarter of 2020.
Option Care Health
Option Care Health
Forward Guidance
Option Care Health is increasing its full year 2021 financial guidance.
Positive Outlook
- Net Revenue of $3.35 billion to $3.50 billion
- Adjusted EBITDA of $275 million to $285 million
- Cash Flow from Operations of at least $170 million