Option Care Health Inc
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
OPCH$31.65-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Comprehensive Income
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| NET REVENUE | $1,146,052 | $1,015,848 |
| COST OF REVENUE | 907,552 | 786,843 |
| GROSS PROFIT | 238,500 | 229,005 |
| OPERATING COSTS AND EXPENSES: | ||
| Selling, general and administrative expenses | 154,742 | 147,866 |
| Depreciation and amortization expense | 14,728 | 14,514 |
| Total operating expenses | 169,470 | 162,380 |
| OPERATING INCOME | 69,030 | 66,625 |
| OTHER INCOME (EXPENSE): | ||
| Interest expense, net | (13,202) | (13,834) |
| Equity in earnings of joint ventures | 1,125 | 1,437 |
| Other, net | 2 | 1 |
| Total other expense | (12,075) | (12,396) |
| INCOME BEFORE INCOME TAXES | 56,955 | 54,229 |
| INCOME TAX EXPENSE | 12,164 | 15,021 |
| NET INCOME | $44,791 | $39,208 |
| OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: | ||
| Change in unrealized gain (loss) on cash flow hedges, net of income tax (expense) benefit of $(454) and $1,152, respectively | $1,551 | $(3,443) |
| OTHER COMPREHENSIVE INCOME (LOSS) | 1,551 | (3,443) |
| NET COMPREHENSIVE INCOME | $46,342 | $35,765 |
| EARNINGS PER COMMON SHARE: | ||
| Earnings per share, basic | $0.26 | $0.22 |
| Earnings per share, diluted | $0.26 | $0.21 |
| Weighted average common shares outstanding, basic | 173,928 | 181,262 |
| Weighted average common shares outstanding, diluted | 175,624 | 182,735 |
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