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Sep 30, 2021
Option Care Health Q3 2021 Earnings Report
Reported profitable growth and significant cash flow.
Key Takeaways
Option Care Health announced financial results for the third quarter ended September 30, 2021, with net revenue of $891.9 million, a 14.1% increase compared to the third quarter of 2020. The company reported a net income of $35.5 million, or $0.20 per share, and an adjusted EBITDA of $78.0 million, up 31.7% compared to the third quarter of 2020.
Net revenue increased by 14.1% to $891.9 million compared to Q3 2020.
Gross profit increased by 16.5% to $203.0 million, representing 22.8% of net revenue.
Net income rose to $35.5 million, or $0.20 per share, compared to $1.7 million, or $0.01 per share, in Q3 2020.
Adjusted EBITDA increased by 31.7% to $78.0 million compared to Q3 2020.
Forward Guidance
Option Care Health is revising its financial guidance for the full year 2021.
Positive Outlook
- Net Revenue of $3.35 billion to $3.50 billion (unchanged)
- Adjusted EBITDA of $283 million to $288 million
- Cash Flow from Operations of at least $180 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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