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Dec 31, 2019
Option Care Health Q4 2019 Earnings Report
Option Care Health reported mixed Q4 2019 results, with revenue up but net income down, and announced full year 2020 guidance.
Key Takeaways
Option Care Health announced financial results for Q4 and full year 2019. Net revenue for Q4 was $720.8 million, up 42.5% compared to Q4 2018. Net loss was $15.8 million, compared to net income of $3.3 million in Q4 2018. Adjusted EBITDA was $53.0 million, up 70.0% compared to Q4 2018.
Net revenue increased by 42.5% to $720.8 million compared to the fourth quarter of 2018.
Gross profit increased by 58.2% to $175.6 million compared to the fourth quarter of 2018.
Net loss was $15.8 million, compared to net income of $3.3 million in the fourth quarter of 2018.
Adjusted EBITDA increased by 70.0% to $53.0 million compared to the fourth quarter of 2018.
Option Care Health
Option Care Health
Forward Guidance
For the full year 2020, Option Care Health expects net revenue of $2.83 billion to $2.90 billion, adjusted EBITDA of $200.0 million to $215.0 million, cash flow from operations of at least $50.0 million, and net debt to Adjusted EBITDA leverage ratio at December 31, 2020 of approximately 5.5x
Positive Outlook
- Net revenue of $2.83 billion to $2.90 billion
- Approximate comparable full year growth of 2.5% to 5.0% normalizing for the timing of the merger
- Adjusted EBITDA of $200.0 million to $215.0 million
- Cash flow from operations of at least $50.0 million
- Net debt to Adjusted EBITDA leverage ratio at December 31, 2020 of approximately 5.5x