Option Care Health Q4 2019 Earnings Report
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