Option Care Health Q4 2020 Earnings Report
Key Takeaways
Option Care Health reported a strong fourth quarter with a revenue increase of 11.6% and net income of $17.8 million, a significant turnaround from the net loss in the same quarter of the previous year. The company also provided financial guidance for the full year 2021.
Net revenue increased by 11.6% to $804.7 million compared to Q4 2019.
Gross profit rose to $183.8 million, representing 22.8% of revenue.
Net income was $17.8 million, or $0.10 earnings per share, a significant improvement from the net loss in Q4 2019.
Adjusted EBITDA increased by 27.7% to $67.7 million.
Option Care Health
Option Care Health
Forward Guidance
For the full year 2021, Option Care Health expects to deliver net revenue between $3.20 billion and $3.25 billion, adjusted EBITDA between $245.0 million and $258.0 million, and cash flow from operations of at least $140.0 million.
Positive Outlook
- Net revenue of $3.20 billion to $3.25 billion
- Adjusted EBITDA of $245.0 million to $258.0 million
- Cash flow from operations of at least $140.0 million
- Net debt to Adjusted EBITDA leverage ratio at December 31, 2021 below 4.0x