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Jun 30, 2024
Option Care Health Q2 2024 Earnings Report
Option Care Health's financial performance remained resilient amidst a difficult environment, with a focus on providing unparalleled care and delivering hope to patients and their families.
Key Takeaways
Option Care Health reported net revenue of $1,227.2 million, a 14.8% increase compared to the second quarter of 2023. Net income was $53.0 million, or $0.30 diluted earnings per share. Adjusted EBITDA was $108.4 million, and cash flow from operations was $195.7 million.
Net revenue increased by 14.8% to $1,227.2 million compared to Q2 2023.
Gross profit was $249.4 million, representing 20.3% of net revenue.
Net income decreased to $53.0 million, or $0.30 diluted earnings per share.
Cash flow from operations increased to $195.7 million compared to Q2 2023.
Option Care Health
Option Care Health
Forward Guidance
For the full year 2024, Option Care Health expects to generate net revenue of $4.75 billion to $4.85 billion and adjusted EBITDA of $435 million to $450 million.
Positive Outlook
- Net revenue of $4.75 billion to $4.85 billion
- Adjusted EBITDA of $435 million to $450 million
- Cash flow from operations of at least $300 million, consistent with previous guidance
- Effective tax rate of 26% - 28%, consistent with previous guidance
- Net interest expense of approximately $55 million to $60 million, consistent with previous guidance