Option Care Health Q3 2021 Earnings Report
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.
Option Care Health
Option Care Health
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