Option Care Health Q2 2022 Earnings Report
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.
Option Care Health
Option Care Health
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