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Sep 30, 2020
Option Care Health Q3 2020 Earnings Report
Announced financial results with revenue up 27% compared to the third quarter of 2019.
Key Takeaways
Option Care Health announced financial results for the third quarter ended September 30, 2020. Net revenue was $781.6 million, up 27% compared to the third quarter of 2019. Net income was $1.7 million, or $0.01 per share, compared to net loss of $42.8 million, or $0.26 loss per share, in the third quarter of 2019. Adjusted EBITDA was $59.2 million, up 70% compared to the third quarter of 2019.
Net revenue of $781.6 million, up 27% compared to the third quarter of 2019.
Gross profit of $174.2 million, or 22.3% of net revenue, up 26% compared to the third quarter of 2019.
Net income of $1.7 million, or $0.01 per share, compared to net loss of $42.8 million, or $0.26 loss per share, in the third quarter of 2019.
Adjusted EBITDA of $59.2 million, up 70% compared to the third quarter of 2019.
Forward Guidance
For the full year, the Company expects to generate between $216 million and $220 million in Adjusted EBITDA and at least $80 million in free cash flow.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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