Option Care Health Q1 revenue up 12.8% to $1.146B; EPS $0.26; cash flow hit by cyber incident

Option Care Health, Inc.

2024-Q1 EPS reported $0.26 revenue$1,146,052,000

Net revenue $1,146.1M (+12.8% YoY); net income $44.8M ($0.26 EPS) vs $39.2M ($0.21) YoY.
Gross margin narrowed to 20.8% from 22.5%; adjusted EBITDA $98.3M (+4.8% YoY).
Cash flow from operations $(68.8)M vs $89.8M a year ago; cited Change Healthcare cyber incident.
Completed $40M in stock repurchases; full-year guidance: rev $4.65B-$4.8B, adj EBITDA $430M-$450M.
Received 2024 Gallup Exceptional Workplace Award.

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 first quarter ended March 31, 2024 results: revenue $1,146.1 million, net income $44.8 million, EPS $0.26 earnings per share.

Period: first quarter ended March 31, 2024
Revenue: $1,146.1 million
Net income: $44.8 million
EPS: $0.26 earnings per share
Result: reported results

Exact text from the filing

site infusion services, announced today financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results and Highlights • Net revenue of $1,146.1 million, up 12.8% compared to $1,015.8 million in the first quarter of 2023 • Gross profit of $238.5 million, or 20.8% of net revenue, up 4.1% compared to $229.0 million, or 22.5% of net

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Source: SEC EDGAR

accession 0001014739-24-000019

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