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Dec 31, 2022
Option Care Health Q4 2022 Earnings Report
Option Care Health reported solid financial results driven by their technology-enabled national network.
Key Takeaways
Option Care Health reported net revenue of $1,027.2 million for Q4 2022, up 10.8% compared to the same period in 2021. Net income for the quarter was $47.5 million, or $0.26 earnings per share. Adjusted EBITDA was $94.3 million, an increase of 8.7% compared to Q4 2021.
Net revenue increased by 10.8% to $1,027.2 million compared to Q4 2021.
Gross profit increased by 8.9% to $231.1 million, representing 22.5% of revenue.
Net income was $47.5 million, or $0.26 earnings per share.
Adjusted EBITDA grew by 8.7% to $94.3 million compared to Q4 2021.
Forward Guidance
For the full year 2023, Option Care Health expects to deliver net revenue of $4.15 billion to $4.375 billion, adjusted EBITDA of $370 million to $390 million, and cash flow from operations of at least $240 million.
Positive Outlook
- Net revenue of $4.15 billion to $4.375 billion
- Adjusted EBITDA of $370 million to $390 million
- Cash flow from operations of at least $240 million
- Effective tax rate of 27% - 29%
- Net interest expense of approximately $61.0 million to $65.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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