Option Care Health Q2 beats: revenue $1.07B, adj EBITDA $110.1M; received $106M termination fee from Amedisys

Option Care Health, Inc.

2023-Q2 EPS reported $0.84 revenue$2,084,920,000

Net revenue $1,069.1M (+9% YoY); gross profit $250.8M (23.5% of revenue) up 15.6%.
Net income $114.4M ($0.64 basic EPS) vs $33.9M ($0.19) in prior year, up 237%.
Adjusted EBITDA $110.1M (+29.2% YoY); cash flow from operations $169.5M.
Received $106.0M termination fee from Amedisys after rescinding merger agreement.
Updated FY2023 guidance: revenue $4.2-4.3B, adj. EBITDA $415-425M, CFO at least $350M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Option Care Health, Inc. reported the second quarter ended June 30, 2023 results: revenue $1,069.1 million, net income $114.4 million, EPS $0.64 basic earnings per share.

Period: the second quarter ended June 30, 2023
Revenue: $1,069.1 million
Net income: $114.4 million
EPS: $0.64 basic earnings per share
Result: reported results

Exact text from the filing

Net revenue of $1,069.1 million, up 9.0% compared to $980.8 million in the second quarter of 2022 • Gross profit of $250.8 million, or 23.5% of net revenue, up 15.6% compared to $216.9 million, or 22.1% of net revenue, in the second quarter of 2022 • Net income of $114.4 million, or $0.64 basic earnings per share, up 237.2% compared to net income of $33.9 million, or $0.19 basic earnings per share, in the second quarter of 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Option Care Health, Inc. reported Full Year 2023 results: revenue $4.2 billion to $4.3 billion.

Period: Full Year 2023
Revenue: $4.2 billion to $4.3 billion
Result: guidance update

Exact text from the filing

Updated Full Year 2023 Financial Guidance For the full year 2023, Option Care Health expects to generate: • Net Revenue of $4.2 billion to $4.3 billion • Adjusted EBITDA of $415 million to $425 million • Cash Flow from Operations of at least $350 million, inclusive of Amedisys termination fee, net of expenses

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Source: SEC EDGAR

accession 0001014739-23-000032

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