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Dec 31, 2023
Option Care Health Q4 2023 Earnings Report
Option Care Health reported strong financial results driven by their commitment to clinical excellence and patient care.
Key Takeaways
Option Care Health reported Q4 2023 financial results, with a revenue of $1,124.4 million, a 9.5% increase compared to Q4 2022. Net income was $57.2 million, or $0.32 earnings per share. Adjusted EBITDA reached $111.6 million, an 18.4% increase compared to the prior year. The company also fulfilled $250 million in share repurchases and authorized an additional $250 million.
Net revenue increased by 9.5% to $1,124.4 million compared to Q4 2022.
Gross profit increased by 6.9% to $247.1 million, representing 22.0% of revenue.
Net income increased to $57.2 million, or $0.32 earnings per share.
Adjusted EBITDA increased by 18.4% to $111.6 million.
Forward Guidance
For the full year 2024, Option Care Health expects to deliver net revenue of $4.6 billion to $4.8 billion, adjusted EBITDA of $425 million to $450 million, and cash flow from operations of at least $300 million. The Company anticipates an effective tax rate of 26% - 28% and net interest expense of approximately $55 million to $60 million.
Positive Outlook
- Net revenue of $4.6 billion to $4.8 billion
- Adjusted EBITDA of $425 million to $450 million
- Cash flow from operations of at least $300 million
- Effective tax rate of 26% - 28%
- Net interest expense of approximately $55 million to $60 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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