secwatch.observer — SEC 8-K summary
======================================

Issuer:     Option Care Health, Inc. (OPCH)
CIK:        0001014739
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001014739-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Option Care Health Q2 2024: revenue +14.8% to $1.23B; net income down 53.6% to $53M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014739/000101473924000032/0001014739-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014739/000101473924000032/bios-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001014739-24-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer