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Sep 30, 2023
Option Care Health Q3 2023 Earnings Report
Announced financial results for the third quarter ended September 30, 2023
Key Takeaways
Option Care Health reported net revenue of $1,093.0 million, a 7.1% increase compared to the third quarter of 2022. Net income increased by 45.0% to $56.3 million, or $0.31 basic earnings per share. Adjusted EBITDA was $109.8 million, up 28.2% from the previous year.
Net revenue increased by 7.1% to $1,093.0 million.
Gross profit increased by 16.6% to $254.3 million, representing 23.3% of net revenue.
Net income increased by 45.0% to $56.3 million, or $0.31 basic earnings per share.
Adjusted EBITDA increased by 28.2% to $109.8 million.
Forward Guidance
For the full year 2023, Option Care Health expects to generate net revenue of $4.23 billion to $4.28 billion, adjusted EBITDA of $420 million to $425 million, and cash flow from operations of at least $350 million.
Positive Outlook
- Net revenue of $4.23 billion to $4.28 billion is expected.
- Adjusted EBITDA of $420 million to $425 million is expected.
- Cash flow from operations of at least $350 million is expected.
- Effective tax rate of approximately 27% is anticipated.
- Net interest expense of approximately $52.0 million to $54.0 million is anticipated.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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