Option Care Health Inc ( (OPCH) ) has released its Q4 earnings. Here is a breakdown of the information Option Care Health Inc presented to its investors.
Option Care Health Inc., the largest independent provider of home and alternate site infusion services in the United States, has reported its financial results for the fourth quarter and full year of 2024. The company, known for its extensive network of clinicians and focus on patient-centered care, operates across all 50 states.
In the fourth quarter of 2024, Option Care Health achieved a net revenue of $1,346.4 million, marking a 19.7% increase compared to the same period in 2023. The company’s gross profit also rose to $268.4 million, although the gross margin slightly decreased. Net income for the quarter was $60.1 million, with diluted earnings per share of $0.35, reflecting a 9.4% increase from the previous year. Additionally, the company repurchased approximately $90 million of its stock during this period.
For the full year 2024, Option Care Health reported a net revenue of $4,998.2 million, up 16.2% from 2023. Despite a decline in net income to $211.8 million, the company saw an increase in adjusted net income and adjusted EBITDA, indicating improved operational efficiency. However, cash flow from operations decreased by 12.9% compared to the previous year.
Looking ahead, Option Care Health has provided financial guidance for 2025, anticipating net revenue between $5.3 billion and $5.5 billion. The company expects adjusted diluted earnings per share to range from $1.59 to $1.69 and adjusted EBITDA between $450 million and $470 million. Management remains optimistic about leveraging their capabilities to enhance patient care and expand their market presence.