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Option Care Health Reports Financial Results for Fourth Quarter and Full Year 2024
OPCHOption Care(OPCH) GlobeNewswire·2025-02-26 12:00

Core Viewpoint - Option Care Health, Inc. reported solid financial results for the fourth quarter and full year 2024, demonstrating resilience in a challenging environment while focusing on patient-centered care [4]. Fourth Quarter 2024 Financial Highlights - Net revenue reached 1,346.4million,a19.71,346.4 million, a 19.7% increase from 1,124.4 million in Q4 2023 [6]. - Gross profit was 268.4million,representing19.9268.4 million, representing 19.9% of net revenue, up 8.6% from 247.1 million (22.0% of net revenue) in Q4 2023 [6]. - Net income was 60.1million,comparedto60.1 million, compared to 57.2 million in Q4 2023, with diluted earnings per share of 0.35,a9.40.35, a 9.4% increase from 0.32 [6]. - Adjusted net income was 75.5million,upfrom75.5 million, up from 66.7 million in Q4 2023, with adjusted diluted earnings per share of 0.44,a15.80.44, a 15.8% increase from 0.38 [6]. - Adjusted EBITDA was 121.6million,an8.9121.6 million, an 8.9% increase from 111.6 million in Q4 2023 [6]. - Cash flow from operations was 36.1million,down29.136.1 million, down 29.1% from 51.0 million in Q4 2023 [6]. - Approximately 90.0millionofstockwasrepurchasedinQ42024[6].FullYear2024FinancialHighlights−Totalnetrevenuefortheyearwas90.0 million of stock was repurchased in Q4 2024 [6]. Full Year 2024 Financial Highlights - Total net revenue for the year was 4,998.2 million, a 16.2% increase from 4,302.3millionin2023[6].−Grossprofitfortheyearwas4,302.3 million in 2023 [6]. - Gross profit for the year was 1,013.0 million, or 20.3% of revenue, up 3.2% from 981.2million(22.8981.2 million (22.8% of revenue) in 2023 [6]. - Net income for the year was 211.8 million, down from 267.1millionin2023,withdilutedearningspershareof267.1 million in 2023, with diluted earnings per share of 1.23, a 16.9% decrease from 1.48[6].−Adjustednetincomewas1.48 [6]. - Adjusted net income was 272.8 million, compared to 257.7millionin2023,withadjusteddilutedearningspershareof257.7 million in 2023, with adjusted diluted earnings per share of 1.58, a 10.5% increase from 1.43[6].−AdjustedEBITDAfortheyearwas1.43 [6]. - Adjusted EBITDA for the year was 443.8 million, up 4.4% from 425.2millionin2023[6].−Cashflowfromoperationstotaled425.2 million in 2023 [6]. - Cash flow from operations totaled 323.4 million, down 12.9% from 371.3millionin2023[6].FullYear2025FinancialGuidance−Expectednetrevenueisprojectedtobebetween371.3 million in 2023 [6]. Full Year 2025 Financial Guidance - Expected net revenue is projected to be between 5.3 billion and 5.5billion[7].−Adjusteddilutedearningspershareisanticipatedtobebetween5.5 billion [7]. - Adjusted diluted earnings per share is anticipated to be between 1.59 and 1.69[7].−AdjustedEBITDAisexpectedtorangefrom1.69 [7]. - Adjusted EBITDA is expected to range from 450 million to 470million[7].−Cashflowfromoperationsisprojectedtobeatleast470 million [7]. - Cash flow from operations is projected to be at least 320 million [7]. - Effective tax rate is estimated to be between 25% and 27% [7]. - Net interest expense is expected to be approximately 55millionto55 million to 60 million [7]. Company Overview - Option Care Health is the largest independent provider of home and alternate site infusion services in the U.S., employing over 8,000 team members, including more than 5,000 clinicians [8].