Option Care Health, Inc.
BANNOCKBURN, Ill., April 23, 2024 (GLOBE NEWSWIRE) — Option Care Health, Inc. (the “Company” or “Option Care Health”) (Nasdaq: OPCH), the nation’s largest independent provider of home and alternate site infusion services, announced today financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Financial Results and Highlights
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Net revenue of $1,146.1 million, up 12.8% compared to $1,015.8 million in the first quarter of 2023
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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 revenue, in the first quarter of 2023
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Net income of $44.8 million, or $0.26 earnings per share, up 14.2% compared to net income of $39.2 million, or $0.21 diluted earnings per share, in the first quarter of 2023
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Adjusted EBITDA of $98.3 million, up 4.8% compared to $93.8 million in the first quarter of…
