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Jun 30, 2022
Option Care Health Q2 2022 Earnings Report
Announced financial results for the second quarter ended June 30, 2022
Key Takeaways
Option Care Health reported strong financial results for Q2 2022, with a 14.0% increase in net revenue compared to Q2 2021. The company's net income and Adjusted EBITDA also increased, and cash flow from operations improved.
Net revenue increased by 14.0% to $980.8 million compared to the second quarter of 2021.
Gross profit increased by 9.0% to $216.9 million, representing 22.1% of net revenue.
Net income increased to $33.9 million, or $0.19 per share, compared to $31.8 million, or $0.18 per share, in the second quarter of 2021.
Adjusted EBITDA increased by 17.0% to $85.2 million, representing 8.7% of net revenue.
Forward Guidance
Option Care Health is increasing its full year 2022 guidance and now expects to generate net revenue of $3.85 billion to $3.95 billion, Adjusted EBITDA of $330 million to $342 million, and Cash Flow from Operations of at least $250 million.
Positive Outlook
- Net Revenue of $3.85 billion to $3.95 billion
- Adjusted EBITDA of $330 million to $342 million
- Cash Flow from Operations of at least $250 million
Challenges Ahead
Historical Earnings Impact
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Avg. Return Before/After Earnings
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