earnings
confidence high
sentiment negative
materiality 0.75
Option Care Health Q2 2024: revenue +14.8% to $1.23B; net income down 53.6% to $53M
Option Care Health, Inc.
2024-Q2 EPS reported
$0.56
revenue$2,373,238,000
- Net revenue of $1,227.2M, up 14.8% YoY; net income of $53.0M ($0.30 EPS) vs $114.4M ($0.63 EPS) in Q2 2023.
- Adjusted EBITDA of $108.4M, down 1.5% from $110.1M; gross margin fell to 20.3% from 23.5%.
- FY 2024 guidance: revenue $4.75-4.85B, adjusted EBITDA $435-450M, cash from ops at least $300M.
- Repurchased ~$78.1M of stock during Q2; amended credit facility to lower interest rate and add $50M liquidity.
- Q2 2023 results included a $62.8M termination payment from Amedisys; adjusting, core operations showed margin pressure.