Earnings release
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Exhibit 99.1 option care health OPTION CARE HEALTH ANNOUNCES FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30 , 2021 BANNOCKBURN , IL . , November 4 , 2021 - 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 third quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights • • • • Net revenue of $ 891.9 million , up 14.1 % compared to $ 781.6 million in the third quarter of 2020 • Gross profit of $ 203.0 million , or 22.8 % of net revenue , up 16.5 % compared to $ 174.2 million , or 22.3 % of revenue , in the third quarter of 2020 Net income of $ 35.5 million , or $ 0.20 per share , compared to net income of $ 1.7 million , or $ 0.01 per share , in the third quarter of 2020 Adjusted EBITDA of $ 78.0 million , up 31.7 % compared to $ 59.2 million in the third quarter of 2020 Cash flow from operations of $ 51.2 million compared to a cash flow of $ 48.3 million in the third quarter of 2020 Cash balances of $ 200.9 million at the end of the third quarter John C. Rademacher , Chief Executive Officer , commented , “ The Option Care Health team continues to execute on our mission of delivering extraordinary patient care in a challenging environment . The third quarter results reflect the dedication of the entire team and our ability to generate profitable growth and significant cash flow . While navigating the current pandemic situation , we are investing for future growth , including the recently announced acquisition of Infinity Infusion Nursing . " Full Year 2021 Guidance For the full year 2021 , Option Care Health is revising its financial guidance as follows : • • • Net Revenue of $ 3.35 billion to $ 3.50 billion ( unchanged ) Adjusted EBITDA of $ 283 million to $ 288 million Cash Flow from Operations of at least $ 180 million Conference Call The Company will host a conference call this morning at 8:30 a.m. E.T. which can be accessed by dialing ( 866 ) 360-3136 and referencing conference ID 2812558 ; or via a live audio webcast that will be available online at https://investors.optioncarehealth.com . A replay of the call will be available via webcast for on - demand listening shortly after the completion of the call , at the same web link , and will remain available for approximately 90 days . About Option Care Health