Option Care Health Q3 2022 Earnings Report
Key Takeaways
Option Care Health reported a strong third quarter with a 14.5% increase in net revenue, a 7.4% increase in gross profit, and a 9.8% increase in adjusted EBITDA. The company's focus on patient care and strategic investments drove solid financial results despite inflationary pressures.
Net revenue reached $1,020.9 million, a 14.5% increase year-over-year.
Gross profit was $218.0 million, up 7.4% compared to the third quarter of 2021.
Net income increased to $38.8 million, or $0.21 per share.
Cash flow from operations was $87.0 million, compared to $51.2 million in the same period last year.
Option Care Health
Option Care Health
Forward Guidance
Option Care Health revised its full year 2022 guidance, expecting to generate net revenue of $3.90 billion to $3.95 billion, adjusted EBITDA of $336 million to $341 million and cash flow from operations of at least $250 million.
Positive Outlook
- Net Revenue of $3.90 billion to $3.95 billion
- Adjusted EBITDA of $336 million to $341 million
- Cash Flow from Operations of at least $250 million
- Focus on quality patient care
- Investments for future growth
Challenges Ahead
- Changes in laws and regulations applicable to our business model
- Changes in market conditions and receptivity to our services and offerings
- Results of litigation
- The loss of one or more key payers
- Ongoing challenging inflationary environment